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Latest Articles in opec

What Is The Saudi-Russia-America Oil War? How Does It Affect India?

Russia refused to comply, and took the opposite route of increasing their production. One may speculate why Russia did that, but experts believe it is to attacks the USA oil industry.

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OPEC Crude Output Cuts Should Help U.S. Shale Profits In 2021

US crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced output cuts.

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OPEC+ Resumes Talks After February Split On Oil Output

OPEC+ producers have been curbing output to support prices and reduce oversupply since January 2017 and cut a record 9.7 million bpd in mid-2020 as COVID-19 hammered demand for gasoline and aviation fuel.

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Why Is The Petrol Price Rising?

The rise in price is due to increase in taxation by the centre and the state, to make up for loss of revenue during the lockdown. Excise duty by centre and VAT by state govt escalates prices.

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OPEC+ agrees to increase output by 500,000 barrels a day in January

OPEC+ agrees to increase output by 500,000 barrels a day in January

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OPEC+ Yet To Find Compromise On Oil Policy For 2021

OPEC+ is now considering rolling over existing cuts of 7.7 million barrels per day, or around 8% of global demand, into the first months of 2021

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OPEC+ Panel's Informal Online Talks Postponed To Sunday

OPEC+ is debating whether to ease oil output cuts from Jan. 1, as it previously agreed, or to continue producing at the same rate amid sluggish oil demand and the fallout from the coronavirus pandemic.

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OPEC+ To Hold Informal Online Talks On Saturday

OPEC+ is debating whether to ease oil output cuts from Jan.1, as it previously agreed, or to continue producing at the same rate amid sluggish oil demand and fallout from the pandemic.

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Oil Slips A Second Day As Coronavirus Cases Spiral Amid Stimulus Talks

OPEC+, a grouping that includes the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, will discuss its output policy at a meeting on Nov. 30 and Dec. 1.

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UAE may withdraw from OPEC plus over tensions with Saudi Arabia, Russia

UAE may withdraw from OPEC plus over tensions with Saudi Arabia, Russia

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Dharmendra Pradhan invites OPEC countries to invest in India, discusses rapidly changing global energy landscape

Dharmendra Pradhan invites OPEC countries to invest in India, discusses rapidly changing global energy landscape

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OPEC And Russia Study Deeper Oil Cuts - Two Sources

OPEC and allied producers, led by Russia, together known as OPEC+, are scheduled to reduce output cuts of 7.7 million barrels per day (bpd) by around 2 million bpd from January.

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Oil Prices Slip 3% As Europe Widens Lockdowns

Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%, by 0229 GMT, while U.S. West Texas Intermediate fell $1.24, or 3.5%, to $34.55 a barrel.

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PM To Inaugurate India Energy Forum Next Week

India Energy Forum by CERAWeek, now in its fourth year, is hosted by IHS Markit, a world leader in critical information, analytics and solutions.

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Oil Rises 2% As OPEC Complies With Production Cuts

Brent crude futures for December delivery settled up 87 cents, or 2.05%, at $43.32 a barrel. U.S. West Texas Intermediate futures also traded higher, settling up 84 cents, 2.09%, at $41.04 a barrel.

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