Iraq seeks to raise its crude oil production to 8 million barrels per day (bpd) by the end of 2027 to fulfil its commitment to export quota within the Organisation of the Petroleum Exporting Countries (OPEC), Iraqi Oil Minister Ihsan
Baghdad, June 4 (IANS) Iraq said that its oil production would reach 4.58 million barrels per day (bpd) in July and August. The latest increase came after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known
Asia’s appetite for US crude oil posted a positive growth in the first quarter of 2022 despite lucrative Russian offers, according to S&P Global Commodity Insights. New Delhi, May 6 (IANS) Asia’s appetite for US crude oil posted a positive growth
Vienna, Nov 5 (IANS) The world’s top oil producers have said they would stick with the plan to cautiously increase oil output despite pressure from the United States. Held through video conference, the 22nd OPEC (Organization of the Petroleum Exporting Countries)
New Delhi, Sep 29 (IANS) OPEC’s latest World Oil Outlook warns that failure to keep investing in fossil fuels could risk geopolitical instability, Al Jazeera reported. Halting new investments in fossil fuels is “wrongheaded” despite global commitments to transition to greener
New Delhi [India], September 10 — OPEC and its allies ticked up crude production by only 50,000 barrels per day in August despite loosening their output quotas, according to the latest S&P Global Platts survey. This was as disruptions and
New Delhi, Jul. July 17 Fuel consumers may get some respite from rising prices of petrol and diesel as global oil scenario is expected to soften down in the coming days with oil cartel OPEC reaching an agreement to raise
Mumbai, June 28 In a signal that economic recovery globally would be sustained post the fresh wave of Covid-19 infections, oil guzzling is expected to increase rapidly in the second half of the fiscal despite a rise in prices. According
New Delhi, June 25 Raising concerns over increasing oil prices and its eventual impact on consumers, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Thursday urged OPEC to phase out oil production cuts implemented by the cartel and
New York, March 5 Oil prices gained considerably after the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) agreed to extend most oil output cuts into April. The West Texas Intermediate for April delivery added $2.55 to
Moscow, March 5 The Organization of Petroleum Exporting Countries (OPEC) and non-bloc producers agreed to allow Russia and Kazakhstan to raise oil output in April. According to a press release following the 14th “OPEC+” ministerial meeting via video link on
Petroleum Minister Dharmendra Pradhan appeals to the Oil producing countries to ease production cuts to stabilise the fragile global economic recovery New Delhi;17th February 2021 Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas &Steel, participated in the 11th IEA-IEF-OPEC
Moscow, Jan 6 The Organization of Petroleum Exporting Countries (OPEC) and non-bloc producers agreed to allow Russia and Kazakhstan to slightly raise oil output in the next two months. In accordance with a deal published by the OPEC, Russia will
New Delhi, Jan 4 Crude oil prices surged on Monday on expectations that ‘OPEC+’, the cartel of Organisation of the Petroleum Exporting Countries (OPEC) and its allied oil producing nations would limit the oil output at the current levels. Brent
New Delhi, Sep 19 A bigger global effort to stabilise oil prices involving all major oil producers including Russia is again on the cards to see that the current crisis does not escalate further putting several oil producers closer to bankruptcies.
New Delhi, July 14 Even as the global economy goes in an unlock mode with gradual pick up in economic activity, the oil market is expected to remain subdued with expectation that crude oil prices may again fall below $40
New York, April 14 Oil prices settled mixed as market participants digested a highly anticipated decision by major oil producers on output cuts. On Monday, the West Texas Intermediate for May delivery decreased US $0.35 to settle at $22.41 a barrel
New Delhi, April 13 International crude oil prices surged on Monday after the Organization of the Petroleum Exporting Countries (OPEC)and its allies including Russia agreed on a nearly 10 per cent cut in oil production. In the 10th extraordinary OPEC and
New Delhi, April 6 Crude oil prices declined on Monday as OPEC and other major oil producers including Russia delayed their meeting to discuss on output cuts. Brent crude fell near to $30 per barrel during early trade on Monday. Currently,
Vienna, July 3 Ten non-OPEC oil producing countries led by Russia have endorsed the decision by the Organisation of the Petroleum Exporting Countries (OPEC) to extend production cuts until next March. They made the agreement during the 6th OPEC and
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