opec - Latest News, Analysis, Opinion

The announcement comes ahead of the meeting by OPEC and its allies including Russia on Dec. 6-7 to discuss cutting supply

OPEC Says India Oil Demand To Rise By 5.8 Million Barrels Per Day By 2040

“India is projected to see the largest additional oil demand (3.7 percent per annum) and the fastest growth in the period to 2040,” said Mohammed Sanusi Barkindo, secretary general of the Organization of the Petroleum Exporting Countries

Petrol Crosses Rs 90-Mark In Mumbai, Rates At All-Time High Across Country

Amid rise in international oil prices, the domestic fuel prices have hit an all-time high with Mumbai crossing the 90 mark for the first time ever and clocking Rs. 82.72 per litre in Delhi

Oil Up On OPEC Meeting Uncertainty; Trade Disputes Keep Markets On Edge

Brent crude oil futures were at $73.78 per barrel at 0502 GMT, up 73 cents, or 1 percent, from their last close

Sensex Falls As Oil Companies Slip; Vedanta Hits Over 10-Month Low

Retail fuel prices have surged on the back of a rally in crude oil, now hovering around $80 per barrel amid production cuts led by the Organization of the Petroleum Exporting Countries (OPEC)

Oil Minister Dharmendra Pradhan Says Considering Steps To Keep Fuel Prices In Check

Prices at the pump have surged on the back of rallying international markets for crude oil, which last week hit their strongest since late-2014 amid ongoing production cuts led by the Organization of the Petroleum Exporting Countries (OPEC)

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance

OPEC and its partners, 24 countries in all, have extended the pact until the end of 2018 and are considering a deal to prolong their alliance for years or even decades

IEA's Birol Says Oil Supply A Concern As Demand Growing While Output Falls

The "growth in the United States alone is not enough to make me feel comfortable that there will be enough production in the future because of two reasons," Birol said on the sidelines of the International Energy Forum

Oil Prices Fall After U.S. Drillers Add Rigs

Rising U.S. production has been a persistent thorn in OPEC's side and the rig increased for a second straight week

Oil Prices Fall On Pipeline Restart, Uncertainty Over OPEC Output Cuts

U.S. crude touched $59.05 a barrel on Friday, the highest level since mid-2015, fuelled by the outage of the Keystone pipeline, one of Canada's main crude export routes to the United States

Oil Up On Ongoing Supply Cuts, But Analysts Warn OPEC Must Stay The Course

The bullish market sentiment has been fuelled this year by the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, to hold back 1.8 million barrels per day (bpd) in oil production to tighten markets

Note Ban And GST Reforms Have Put India Firmly On Growth Path: OPEC

PTI

Economy India

"India's economy has been experiencing some of the greatest structural changes in a generation. A slate of bold new reforms, embarked upon under the visionary leadership of Prime Minister Modi, has put the country firmly on a sustainable dynamic growth path particularly when it comes to energy

Oil Settles Flat As Unease Builds Ahead Of OPEC Meeting

Oil prices settled nearly flat on Thursday, the eve of a meeting of major oil-producing countries in Vienna to discuss whether they will extend production limits that have helped reduce the global crude glut.

Indian Oil Corp Gets Government Nod To buy US Crude Oil Every Month In 2017