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Latest Articles in opec

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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Higher Oil Prices A Risk To India's Growth Trajectory: Pradhan

Benchmark Brent oil has rallied to $54.56 a barrel, the biggest weekly gain since 2009, after OPEC approved its first supply cut in eight years

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Oil Jumps Over 10 Per Cent As OPEC Finalises Output Cut Deal

The group's de facto leader Saudi Arabia said it would take the lion's share of cuts - reducing output by almost 500,000 bpd to 10.06 million bpd - to get the deal done

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Oil Prices Edge Up On Anticipation Of OPEC-led Production Cut

The Energy Information Administration (EIA) is due to publish official US crude oil and refined product inventory data later on 23 November

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Oil Prices Slide On Profit-Taking After Two-Day Jump

Brent and US crude are on course for a weekly gain of around 7 per cent, prompting investors to take profits in the Asian trading session

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OPEC Agrees Modest Oil Output Curbs In First Deal Since 2008

Many traders said they were impressed OPEC had managed to reach a compromise after years of wrangling but others said they wanted to see the details

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Rupee's Good Run Continues, Gains 3 Paise Against Dollar

Forex dealers said that besides persistent selling of the American currency by exporters and banks, the dollar's weakness against peers overseas supported the rupee

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