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Latest Articles in opec

Oil Rises After OPEC Says To Keep Output Cuts, Iran Tension Rises

Brent crude was up by 90 cents, or 1.3%, at $73.11 a barrel by 0604 GMT, having earlier touched $73.40, the highest since April 26.

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Qatar To Withdraw From OPEC As Of January 2019: Minister

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

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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

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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

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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

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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)

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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)

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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

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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

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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

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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

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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

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

"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

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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.

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

The shipping ministry has allowed the country's largest oil firm to import one parcel or cargo of crude oil from the US every month in foreign ships, said a senior oil ministry official

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