Crude Producing Countries
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
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European Union To Meet OPEC Leaders Amid Greater Oil Output Demand
European Union (EU) officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output
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India's Oil Imports From US To Increase By 11%; Amid Criticism For Russia Purchases: Report
India's oil imports from the United States will rise by 11 per cent this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers worldwide, including heavily sanctioned Russia.
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India Seeks Lower Oil Prices As High Pump Prices Bite
Oil prices in the global market this month hit their highest level in more than two years as the global economy recovers from the COVID-19 pandemic. However, prices fell on Monday after OPEC and other key producing countries agreed on Sunday to increase oil supply from August to cool prices.
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Oil Refiners Process Less Crude In April As Pandemic Curbs Demand, Mobility
The country's biggest refiner, Indian Oil Corp has reduced crude processing to average at 84 per cent of overall capacity from 96 per cent in April.
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Government Allows UAE's ADNOC To Export Oil From Strategic Reserve
Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage.
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Oil Rises For Second Day As Producers Trim Output To Cope With Demand Loss
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel.
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Oil Bounces Back As Rising Stockpiles May Lead To Output Cuts
Oil rose on Thursday on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts
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Top Oil Producers Agree On "Historic" Output Cuts Amid Coronavirus Crisis
Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.
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Indian Oil Import From Producers' Group OPEC Hits Lowest Since 2011
India, which usually imports about 80 per cent of its needs from members of the Organization of the Petroleum Exporting Countries (OPEC), has been diversifying its sources of oil as local refiners have upgraded plants to process cheaper crude grades.
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Biggest Foreign Investment In Reliance History: Mukesh Ambani On New Deal
Reliance Industries Ltd is set to sell a 20 per cent stake in its oil to chemicals business to Saudi Aramco in one of the largest ever foreign investments in the country, Reliance Chairman Mukesh Ambani said on Monday."(This is) the biggest foreign investment in the history of Reliance," Mr Ambani said at the company's annual general meeting in Mum...
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Oil Steadies As Investors Weigh Recession Risk Against Saudi Assurance
Rising U.S. inventories and relative calm in the Middle East over the last week or so are countering the likelihood that the Organization of Petroleum Exporting Countries and allied producers will extend their output curbs.
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Cut Output By One Million Barrels Per Day, Saudi Minister Tells Countries
Oil producing countries should cut output by one million barrels per day to re-balance the market, Saudi Arabia's energy minister said Monday, following a drop in crude prices.
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Why You Can Expect Softer Petrol, Diesel Prices But Not A Major Relief
Oil investors have observed many important milestones in the recent past. From 2014 highs in the month of May to a sudden correction last week, crude oil prices have been dominating global markets. While a key meeting of OPEC or Organization of the Petroleum Exporting Countries set the tone for benchmark indices for the coming months as top produce...
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
European Union To Meet OPEC Leaders Amid Greater Oil Output Demand
European Union (EU) officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output
-
India's Oil Imports From US To Increase By 11%; Amid Criticism For Russia Purchases: Report
India's oil imports from the United States will rise by 11 per cent this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers worldwide, including heavily sanctioned Russia.
-
India Seeks Lower Oil Prices As High Pump Prices Bite
Oil prices in the global market this month hit their highest level in more than two years as the global economy recovers from the COVID-19 pandemic. However, prices fell on Monday after OPEC and other key producing countries agreed on Sunday to increase oil supply from August to cool prices.
-
Oil Refiners Process Less Crude In April As Pandemic Curbs Demand, Mobility
The country's biggest refiner, Indian Oil Corp has reduced crude processing to average at 84 per cent of overall capacity from 96 per cent in April.
-
Government Allows UAE's ADNOC To Export Oil From Strategic Reserve
Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage.
-
Oil Rises For Second Day As Producers Trim Output To Cope With Demand Loss
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel.
-
Oil Bounces Back As Rising Stockpiles May Lead To Output Cuts
Oil rose on Thursday on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts
-
Top Oil Producers Agree On "Historic" Output Cuts Amid Coronavirus Crisis
Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.
-
Indian Oil Import From Producers' Group OPEC Hits Lowest Since 2011
India, which usually imports about 80 per cent of its needs from members of the Organization of the Petroleum Exporting Countries (OPEC), has been diversifying its sources of oil as local refiners have upgraded plants to process cheaper crude grades.
-
Biggest Foreign Investment In Reliance History: Mukesh Ambani On New Deal
Reliance Industries Ltd is set to sell a 20 per cent stake in its oil to chemicals business to Saudi Aramco in one of the largest ever foreign investments in the country, Reliance Chairman Mukesh Ambani said on Monday."(This is) the biggest foreign investment in the history of Reliance," Mr Ambani said at the company's annual general meeting in Mum...
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Oil Steadies As Investors Weigh Recession Risk Against Saudi Assurance
Rising U.S. inventories and relative calm in the Middle East over the last week or so are countering the likelihood that the Organization of Petroleum Exporting Countries and allied producers will extend their output curbs.
-
Cut Output By One Million Barrels Per Day, Saudi Minister Tells Countries
Oil producing countries should cut output by one million barrels per day to re-balance the market, Saudi Arabia's energy minister said Monday, following a drop in crude prices.
-
Why You Can Expect Softer Petrol, Diesel Prices But Not A Major Relief
Oil investors have observed many important milestones in the recent past. From 2014 highs in the month of May to a sudden correction last week, crude oil prices have been dominating global markets. While a key meeting of OPEC or Organization of the Petroleum Exporting Countries set the tone for benchmark indices for the coming months as top produce...
