OPEC on Tuesday cut its forecast for 2019 world economic growth by 0.2 percentage point to 3.3 percent.

The world for long has seen crude prices on a roller-coaster: Prime Minister Narendra Modi.

Govt's plan to offer PSUs special incentives for natural gas discoveries in difficult, unviable areas will raise natural gas production.

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

Oil PSUs had invested Rs 89,180 crore in 2014-15.

Brent crude oil futures LCOc1 were at $72.81 per barrel at 0515 GMT, up 20 cents, or 0.3 per cent.

Spot Brent crude oil futures were at $73.88 per barrel at 0241 GMT on Tuesday, up 13 cents, or 0.2 per cent.

Cooking oils like olive or canola provide a safer option for cleaning food-processing equipment than the harsh chemicals and disinfectants

US West Texas Intermediate crude CLc1 was up 10 cents, or 0.2 per cent, at $65.62 a barrel.

International benchmark Brent futures were down 27 cents, or 0.34 per cent, at $79.53 per barrel.

Brent broke through $80 for the first time since November 2014 last week.

Brent crude futures were at $79.57 per barrel at 0310 GMT, up 27 cents, or 0.3 per cent from their last close.

Oil prices have gained 20 per cent since January to just shy of $80 per barrel, a level not seen since 2014.

Brent crude futures LCOc1, the international benchmark for oil prices, were at $78.37 per barrel.

Brent and WTI last week reached their highest since November 2014 at $78 and $71.89 per barrel respectively.

Iran produces about 3.8 million barrels per day (bpd), or about 4.0 per cent of the world’s oil supplies.

WTI crude futures CLc1 fell 63 cents, or 0.9 per cent, to $70.10 a barrel.

Brent crude oil futures LCOc1 were at $73.04 per barrel, down 32 cents, or 0.4 per cent, from their last close.

US crude production jumped 260,000 barrels per day (bpd) to a record high of 10.26 million bpd in February.

Brent crude futures, the international benchmark, dipped 39 cents, or 0.5 per cent, to $74.25 a barrel.