Oil Cartel Opec
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Brazil Set To Join OPEC From Next Year
Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday.
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India's OPEC Imports At All-Time Low As Russian Oil Provides Alternative
Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed.
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Joe Biden "Disappointed" With Oil Producers OPEC+ Output Cut Move
President Joe Biden is "disappointed" with the OPEC+ cartel's decision to slash oil production output, saying it will hurt the world economy, the White House said Wednesday.
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OPEC Head Mohammad Barkindo Dies At 63 In 'Shock' To Oil Cartel
OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.
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Oil Prices: Truce, Finally, Between US And Saudi Arabia
The US and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand.
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Oil And Dollars: 3 Reasons Why UAE Is Risking A Falling-Out With OPEC+
The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic.
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Oil Prices Need To Be "Little Bit Sober", India Tells OPEC
Ahead of a meeting of oil producers' cartel OPEC, India said today that the current oil prices are "very challenging" and rates need to be a "little bit sober" lest they impact a consumption-led recovery of the global economy.
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India-Led Solar Alliance Will Outshine OPEC, Says PM Modi
An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, Prime Minister Narendra Modi predicted on Tuesday, as he opened the International Solar Alliance or ISA's first assembly with UN chief Antonio Guterres.
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Donald Trump Accuses OPEC Of "Rip-Off", Calls For Lower Prices
US President Donald Trump accused members of the OPEC oil cartel of "ripping off" the world on Tuesday as he called for a lowering of fuel prices.
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OPEC "Monopoly" Must Lower Oil Prices Now, Says Donald Trump
President Donald Trump on Thursday issued a fresh call on the OPEC oil cartel to lower crude prices, saying the United States was providing Middle Eastern energy giants with security.
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"Saudi Arabia, UAE Turning OPEC Into A US Tool," Says Iran
Oil cartel OPEC has "not much credit" left as some members are turning it into "a tool for the US", a senior Iranian official said in comments published Saturday.
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Donald Trump Tweets, Saudis Scramble: Here's How The US Steers OPEC
The U.S. isn't a member of OPEC, a cartel that's anathema to the free-market capitalism of the world's biggest economy. Yet presidents have long pressured its top producer Saudi Arabia to adjust oil production policies, usually to lower gasoline prices.
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OPEC Sees Balanced Oil Market Only By Year-End Due To Production Glut
The oil producers' cartel has revised its crude oil production output forecast thrice since November.
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OPEC Should Go For 'Responsible Pricing', Says Petroleum Minister
India today pressed oil cartel Organization of the Petroleum Exporting Countries (OPEC) to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination.
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OPEC's Crude Oil Production Cuts May Push Petrol, Diesel Prices Up
OPEC members agreed in November to cut crude oil production by 1.2 million barrels per day for six months beginning from 2017.
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Brazil Set To Join OPEC From Next Year
Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday.
-
India's OPEC Imports At All-Time Low As Russian Oil Provides Alternative
Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed.
-
Joe Biden "Disappointed" With Oil Producers OPEC+ Output Cut Move
President Joe Biden is "disappointed" with the OPEC+ cartel's decision to slash oil production output, saying it will hurt the world economy, the White House said Wednesday.
-
OPEC Head Mohammad Barkindo Dies At 63 In 'Shock' To Oil Cartel
OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.
-
Oil Prices: Truce, Finally, Between US And Saudi Arabia
The US and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand.
-
Oil And Dollars: 3 Reasons Why UAE Is Risking A Falling-Out With OPEC+
The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic.
-
Oil Prices Need To Be "Little Bit Sober", India Tells OPEC
Ahead of a meeting of oil producers' cartel OPEC, India said today that the current oil prices are "very challenging" and rates need to be a "little bit sober" lest they impact a consumption-led recovery of the global economy.
-
India-Led Solar Alliance Will Outshine OPEC, Says PM Modi
An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, Prime Minister Narendra Modi predicted on Tuesday, as he opened the International Solar Alliance or ISA's first assembly with UN chief Antonio Guterres.
-
Donald Trump Accuses OPEC Of "Rip-Off", Calls For Lower Prices
US President Donald Trump accused members of the OPEC oil cartel of "ripping off" the world on Tuesday as he called for a lowering of fuel prices.
-
OPEC "Monopoly" Must Lower Oil Prices Now, Says Donald Trump
President Donald Trump on Thursday issued a fresh call on the OPEC oil cartel to lower crude prices, saying the United States was providing Middle Eastern energy giants with security.
-
"Saudi Arabia, UAE Turning OPEC Into A US Tool," Says Iran
Oil cartel OPEC has "not much credit" left as some members are turning it into "a tool for the US", a senior Iranian official said in comments published Saturday.
-
Donald Trump Tweets, Saudis Scramble: Here's How The US Steers OPEC
The U.S. isn't a member of OPEC, a cartel that's anathema to the free-market capitalism of the world's biggest economy. Yet presidents have long pressured its top producer Saudi Arabia to adjust oil production policies, usually to lower gasoline prices.
-
OPEC Sees Balanced Oil Market Only By Year-End Due To Production Glut
The oil producers' cartel has revised its crude oil production output forecast thrice since November.
-
OPEC Should Go For 'Responsible Pricing', Says Petroleum Minister
India today pressed oil cartel Organization of the Petroleum Exporting Countries (OPEC) to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination.
-
OPEC's Crude Oil Production Cuts May Push Petrol, Diesel Prices Up
OPEC members agreed in November to cut crude oil production by 1.2 million barrels per day for six months beginning from 2017.
