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Latest Articles in opec
India's Imports From OPEC Hit All-time Low As Russian Oil Purchases Peak
At one point, OPEC accounted for up to 90 per cent of all crude oil purchased by India, but this has been declining since Russian oil became available at a discount in the aftermath of Moscow's invasion of Ukraine in February last year
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India's OPEC Imports All-time Low As Demand For Cheaper Russian Oil Increases
India imported 72 per cent of its crude oil from countries in the Organisation of the Petroleum Exporting Countries (OPEC), primarily in the Middle East and Africa
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OPEC May Hit Russian Oil Exports To India, Driving Up Prices
India and China emerged as major customers of Russian crude after most nations avoided it following the invasion of Ukraine
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Oil Prices Surge After OPEC+ Announce To Cut Output
According to the Russian News Agency, this is the first time since 7 March that the price of futures contracts of Brent crude oil surged
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OPEC Plus Announces Oil Output Cuts Of Around 1.16 Mbpd
Saudi production has also been below its production quota set by the Organization of the Petroleum Exporting Countries in recent months
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Relationship With India Is Solid: OPEC Secretary General
He also said the collective decision to cut output in October was the right move and added that credit should be given to the OPEC+ alliance for its constructive role in supporting global market stability
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OPEC Secretary General Calls For More Investments Into Oil
He said that USD 12.1 trillion is needed for investments into Oil until 2045
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OPEC Trims Oil Demand Growth For 2022, 2023
It cited slowing global growth, resurgence of Covid in China and subsequent containment measures and high inflation to hurt demand
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Indian Shares End Higher On Boost From Metals, Banks
The NSE Nifty 50 index was up 0.72 per cent at 17,665.80 at close, and the S&P BSE Sensex rose 0.75 per cent to 59,245.98
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Oil Prices Rise After Saudi Says OPEC Could Cut Output
The Organisation of the Petroleum Exporting Countries stands ready to reduce production to correct the recent oil price fall driven by poor futures market liquidity and macro-economic fears, which has ignored extremely tight physical crude supply, OPEC's leader Saudi Arabia said on Monday
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Blame Policymakers, Lawmakers And Insufficient ONGC Sector Investments, Not OPEC: Gen Secy Ghais
On Thursday, OPEC's Secretary General Haitham Al Ghais told Reuters that policymakers, lawmakers and insufficient investments are to be blamed for high energy prices
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India's Demand For Petroleum Products Will Grow By 7.73% In 2023: OPEC Report
The growth in demand is the fastest in the world ahead of 1.23 per cent of China, 3.39 per cent of the US and 4.62 per cent of Europe
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OPEC Chief Mohammed Barkindo Dies At 63
Barkindo, 63, was due to step down at the end of this month after six years in the top job at the Organization of the Petroleum Exporting Countries (OPEC)
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US Senate Committee To Consider Bill Pressuring OPEC Oil Group
Saudi Arabia and other OPEC producers have rebuffed requests by the United States and other consuming countries to boost oil production beyond gradual amounts, even as oil consumption recovers from the COVID-19 pandemic and Russian supply falls after its invasion of Ukraine
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OPEC's India Oil Imports' Share Remains Flat, Arrests 6-Year Decline
Russian oil continued to account for less than 1 per cent of India's crude imports in 2021-22
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