Oil Supply Cut
- All
- News
- Videos
-
Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
-
"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
-
Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
-
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.
-
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.
-
Oil Prices Surge To Above $101 Per Dollar; Up $10 Since Last Week's Lows
Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery.
-
Oil Climbs To Near $98 Per Barrel As Tight Supply Moves Back Into Focus
Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop in US crude inventories.
-
Oil Falls On Lackluster U.S. Summer Gasoline Demand
Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.
-
EU Tells Members To Cut Gas Usage By 15% On New Russia Supply Warning
The European Union (EU) told member states on Wednesday to cut gas usage by 15 per cent until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further and might even stop.
-
How Will Import Duty Cut On Edible Oil Boost Supply, Asks Government
Amid demands for reducing import duty on oil varieties, the government has asked edible oil associations to explain how will that help boost domestic availability.
-
Tata Motors Plans to Sell About 50,000 EVs in FY23, Double It in Next Fiscal Year
Tata Motors has set a target to sell about 50,000 electric vehicles (EVs) in the FY23, and double it in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting. The company's performance is expected to improve in this fiscal year as the overall supply situation is gradually become stable.
-
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.
-
Petrol Dealers Urge Oil Companies To Restore Diesel Supply
The Consortium of Indian Petroleum Dealers (CIPD) has requested the oil marketing companies to restore normal supply of diesel
-
Oil Prices Climb But Takes A Breather In Narrow range
Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.
-
Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
-
"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
-
Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
-
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.
-
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.
-
Oil Prices Surge To Above $101 Per Dollar; Up $10 Since Last Week's Lows
Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery.
-
Oil Climbs To Near $98 Per Barrel As Tight Supply Moves Back Into Focus
Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop in US crude inventories.
-
Oil Falls On Lackluster U.S. Summer Gasoline Demand
Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.
-
EU Tells Members To Cut Gas Usage By 15% On New Russia Supply Warning
The European Union (EU) told member states on Wednesday to cut gas usage by 15 per cent until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further and might even stop.
-
How Will Import Duty Cut On Edible Oil Boost Supply, Asks Government
Amid demands for reducing import duty on oil varieties, the government has asked edible oil associations to explain how will that help boost domestic availability.
-
Tata Motors Plans to Sell About 50,000 EVs in FY23, Double It in Next Fiscal Year
Tata Motors has set a target to sell about 50,000 electric vehicles (EVs) in the FY23, and double it in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting. The company's performance is expected to improve in this fiscal year as the overall supply situation is gradually become stable.
-
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.
-
Petrol Dealers Urge Oil Companies To Restore Diesel Supply
The Consortium of Indian Petroleum Dealers (CIPD) has requested the oil marketing companies to restore normal supply of diesel
-
Oil Prices Climb But Takes A Breather In Narrow range
Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.
