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Latest Articles in opec

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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Gulf's Share Of Indian June Oil Imports To 19 Month Low

Middle East imports fell 7.6 per cent in June from the previous month, partly driven by declines from Kuwait, Iraq and Saudi Arabia as the production cuts by the Organization of the Petroleum Exporting Countries (OPEC) made more of a dent in supply.

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Will All OPEC Nations Witness Venezuela Like Crisis By 2030?

The globally dipping demand and soaring supply for oil has made the price of crude oil volatile; this can soon shatter the economy of oil exporting nations

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India's Oil Imports From Iran Plunge Over Gas Field Row

India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies

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India's Oil Imports From Iran Plunge 9% Over Gas Field Row

India, Iran's top oil client after China, shipped in 487,600 barrels per day (bpd) in May, about 9 percent less compared with April and nearly 40 percent less than a peak registered in October, according to ship tracking data.

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India Could Invest In Aramco IPO To Strengthen Ties

India said its state refiners could become cornerstone investors in Saudi Aramco when it floats its shares next year, as New Delhi seeks to strengthen ties with the world's largest oil producer

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Oil Prices Jump After Data Shows Surprise US Stock Draw

If the draw is confirmed by government data on Wednesday, it would be the first drawdown after nine consecutive builds

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Oil Ticks Up On Supply Cuts, But Rising US Output Caps Gains

The market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries (OPEC) and other producers agreed to cut production

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Oil Prices Soar On Global Producer Deal To Cut Crude Output

Oil prices shot up by 4 per cent to their highest level since 2015 early on Monday after OPEC and other producers over the weekend reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up the market

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Petrol, Diesel Prices May Jump 5-8% Next Quarter On Opec Cuts

Oil cartel Opec's decision to cut production from next month may lead to a 5-8 per cent spike in retail prices of fuel over the next three-four months and massively boost the margins of state-run refiners, says a report

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