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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.
Read MoreOPEC+ 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.
Read MoreUAE may withdraw from OPEC plus over tensions with Saudi Arabia, Russia
UAE may withdraw from OPEC plus over tensions with Saudi Arabia, Russia
Read MoreDharmendra 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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