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Despite US pressure, top oil producers opt for slow output increase

Despite US pressure, top oil producers opt for slow output increase

🕔09:42, 5.Nov 2021

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)

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Halting investments in fossil fuels ‘wrongheaded’, warns OPEC

Halting investments in fossil fuels ‘wrongheaded’, warns OPEC

🕔21:59, 29.Sep 2021

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

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OPEC+ crude output up marginally, hampered by outages: S&P Global Platts

OPEC+ crude output up marginally, hampered by outages: S&P Global Platts

🕔17:18, 10.Sep 2021

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

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Covid resurgence, OPEC supplies hike could come to India’s aid

Covid resurgence, OPEC supplies hike could come to India’s aid

🕔15:42, 17.Jul 2021

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

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Amid robust demand, Iranian oil unlikely to push crude prices down

Amid robust demand, Iranian oil unlikely to push crude prices down

🕔15:45, 28.Jun 2021

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

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High fuel prices: Pradhan asks OPEC to phase out oil output cuts

High fuel prices: Pradhan asks OPEC to phase out oil output cuts

🕔07:39, 25.Jun 2021

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

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Oil prices surge as OPEC+ extends most output cuts

Oil prices surge as OPEC+ extends most output cuts

🕔11:44, 5.Mar 2021

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

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OPEC+ allows Russia, Kazakhstan to raise output in April

OPEC+ allows Russia, Kazakhstan to raise output in April

🕔06:53, 5.Mar 2021

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

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11th IEA, IEF, OPEC Symposium on Energy Outlooks held

11th IEA, IEF, OPEC Symposium on Energy Outlooks held

🕔19:06, 17.Feb 2021

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

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OPEC allows Russia, Kazakhstan to raise output

OPEC allows Russia, Kazakhstan to raise output

🕔12:33, 6.Jan 2021

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

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Oil prices surge on hopes of supply cap by ‘OPEC+’

Oil prices surge on hopes of supply cap by ‘OPEC+’

🕔18:14, 4.Jan 2021

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

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Global effort begins again to stabilise oil prices, OPEC+ meet may be called in Oct

Global effort begins again to stabilise oil prices, OPEC+ meet may be called in Oct

🕔20:34, 19.Sep 2020

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.

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Oil slide expected in August as OPEC+ may boost production

Oil slide expected in August as OPEC+ may boost production

🕔14:53, 14.Jul 2020

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

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Oil prices settle mixed after OPEC+ historic output cuts

Oil prices settle mixed after OPEC+ historic output cuts

🕔06:49, 14.Apr 2020

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

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Oil prices jump after OPEC+ agree on output cut deal

Oil prices jump after OPEC+ agree on output cut deal

🕔12:59, 13.Apr 2020

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

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Crude oil prices fall as ‘OPEC+’ delays meet on output cut

Crude oil prices fall as ‘OPEC+’ delays meet on output cut

🕔14:51, 6.Apr 2020

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,

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Non-OPEC countries agree to extend supply cuts

Non-OPEC countries agree to extend supply cuts

🕔09:04, 3.Jul 2019

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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OPEC, allies agree to reduce crude production by 1.2 mn bpd

OPEC, allies agree to reduce crude production by 1.2 mn bpd

🕔12:40, 8.Dec 2018

Vienna, Dec 8 (IANS) The Organization of the Petroleum Exporting Countries (OPEC) and allied producers agreed to lower their production of crude oil by 1.2 million barrels per day for a six-month period. The measure, which was spearheaded by Russia, will

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OPEC cuts oil demand estimate in 2019

OPEC cuts oil demand estimate in 2019

🕔11:34, 12.Oct 2018

Vienna, Oct 12  OPEC on Thursday lowered its estimate for the global oil demand next year due to the slower economic growth and US shale output growth. The monthly report of the Organization of the Petroleum Exporting Countries (OPEC) said

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India need not fear oil shortage: UAE envoy

India need not fear oil shortage: UAE envoy

🕔12:31, 18.Jul 2018

New Delhi, July 18  Even as the US-imposed sanctions on Iran has put India’s energy security in jeopardy, UAE Ambassador to India Ahmed Albanna has allayed fears of an oil shortage, saying his country as well as Saudi Arabia can

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