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Latest Articles in opec
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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Russia Oil Supply Drop To Double In May: IEA
Still, lower demand amid a COVID-19 surge in China, output increases from OPEC+ producers and beyond along with the largest ever draw on emergency oil storage by the United States and its IEA member allies ought to prevent any sharp deficit, it said
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Surging Crude Oil Prices Takes Equity Benchmarks Into Red Zone
The 30-share pack Sensex declined 571.44 points or 0.99 per cent to close at 57,292.49. Its broader peer NSE Nifty slumped 169.45 points or 0.98 per cent to 17,117.60
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Oil Hits Seven-Year Highs Amid Frigid US Weather And Geopolitical Tensions Among Major Oil Producers
Crude prices, which have already rallied about 20 per cent so far this year, are likely to surpass $100 per barrel due to strong global demand, market strategists said this week
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Oil Prices At Seven Year High; What Explains The Surge?
An outage on a pipeline from Iraq to Turkey have increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates
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OPEC And Allies Gradually Pump More Oil Amid Omicron Spike
Oil prices plunged, and stocks slid in late November after the first reports about the ultra-contagious omicron variant. But prices have since recovered and markets calmed down.
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