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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
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Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
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War Of Words That Rocked US-Saudi Rapport Cools As Oil Steadies
The US and Saudi Arabia are looking beyond last year's oil spat to focus on billions of dollars-worth of defense and aviation deals and potential nuclear cooperation.
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Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
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Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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Nirmala Sitharaman Speaks On Adani Row, Jobs, Oil And Crypto
Finance Minister Nirmala Sitharaman said India could buy Russian crude oil near or past the price cap imposed by the G-7 if the recent OPEC+ output cut increases energy costs.
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Russia To Slash Crude Oil Output By 5% Over West's Price Cap
Russia will slash its crude oil output by five percent next month, Deputy Prime Minister Alexander Novak announced Friday, in response to a price cap imposed by Western countries.
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Core Sector Production Rises At 3-Month High Of 7.4%
Crude oil output, however, contracted by 1.2 per cent in December last year.
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India To See $58 Billion Investment In Producing Oil, Gas; Chevron, Exxon Keen To Invest: Minister
India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic output to help cut down reliance on costly imports.
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Core Sector Output Rises 5.4 % In November On Better Show By Coal, Steel
Crude oil, natural gas and refinery products, however, recorded negative growth in November this year. The production growth of eight key sectors slowed down to 0.9 per cent in October.
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Oil Prices Up On Russia Supply Concerns, Arctic Storm Impact Eyed
Russia may cut oil output by 5%-7% in early 2023 as it responds to price caps on its crude andoilproducts by halting sales to the countries which support them, the RIA news agency reported.
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Core Sector Output Growth Slows To 0.1% In October
In October, crude oil, natural gas, refinery products, and cement output recorded negative growth rate.
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Joe Biden To Act "Methodically" In Re-Evaluating Saudi Relationship Over Oil
A day after OPEC+ oil producers last week announced output cuts over US objections, Joe Biden had vowed to impose "consequences" on Saudi Arabia for siding with Russia in supporting the cuts.
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US vs Saudi Over Oil Supply Cut, Riyadh Rejects Charges Of Backing Russia
The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington accusing Riyadh of knowingly boosting Russian interests.
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"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
-
Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
-
Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
-
War Of Words That Rocked US-Saudi Rapport Cools As Oil Steadies
The US and Saudi Arabia are looking beyond last year's oil spat to focus on billions of dollars-worth of defense and aviation deals and potential nuclear cooperation.
-
Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
-
Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
-
Nirmala Sitharaman Speaks On Adani Row, Jobs, Oil And Crypto
Finance Minister Nirmala Sitharaman said India could buy Russian crude oil near or past the price cap imposed by the G-7 if the recent OPEC+ output cut increases energy costs.
-
Russia To Slash Crude Oil Output By 5% Over West's Price Cap
Russia will slash its crude oil output by five percent next month, Deputy Prime Minister Alexander Novak announced Friday, in response to a price cap imposed by Western countries.
-
Core Sector Production Rises At 3-Month High Of 7.4%
Crude oil output, however, contracted by 1.2 per cent in December last year.
-
India To See $58 Billion Investment In Producing Oil, Gas; Chevron, Exxon Keen To Invest: Minister
India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic output to help cut down reliance on costly imports.
-
Core Sector Output Rises 5.4 % In November On Better Show By Coal, Steel
Crude oil, natural gas and refinery products, however, recorded negative growth in November this year. The production growth of eight key sectors slowed down to 0.9 per cent in October.
-
Oil Prices Up On Russia Supply Concerns, Arctic Storm Impact Eyed
Russia may cut oil output by 5%-7% in early 2023 as it responds to price caps on its crude andoilproducts by halting sales to the countries which support them, the RIA news agency reported.
-
Core Sector Output Growth Slows To 0.1% In October
In October, crude oil, natural gas, refinery products, and cement output recorded negative growth rate.
-
Joe Biden To Act "Methodically" In Re-Evaluating Saudi Relationship Over Oil
A day after OPEC+ oil producers last week announced output cuts over US objections, Joe Biden had vowed to impose "consequences" on Saudi Arabia for siding with Russia in supporting the cuts.
-
US vs Saudi Over Oil Supply Cut, Riyadh Rejects Charges Of Backing Russia
The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington accusing Riyadh of knowingly boosting Russian interests.
-
"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
