Opec Oil Production
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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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India Pushes Refiners To Diversify Purchases After Production Cut By OPEC (Oil Producers)
Indian state fuel retailers have not raised pump prices since April.
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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
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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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Crude Prices Jump Nearly 4% As Oil Producers Agree On A Small Output Cut
Oil prices rose about 4 per cent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.
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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 Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.
-
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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Biden Says Weighs Reducing Tariffs On China, Asking OPEC To Pump More Oil
Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production
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Oil Prices Recover In A Volatile Session After Over 5% Crash Previously
Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.
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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 Extends Rally, Rises Over 1% On U.S. Fuel Demand Recovery
Refiners have ramped up production to 92.4% of operable capacity, the highest since late June, helping send U.S. crude inventories to the lowest since January 2020.
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Petrol, Diesel Prices Kept Unchanged On Friday
Petrol, Diesel Price: Oil prices rose about 1 per cent on Thursday after preliminary news that OPEC+ reached a deal to gradually ease production cuts from May.
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Government Says OPEC+ Decision To Hit Economic Recovery
Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.
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Government Asks OPEC+ To Fulfill Promise Of Price Stability: Oil Minister
Oil prices have recovered from last year's price crash spurred by the pandemic, helped by production cuts by the OPEC+ group.
-
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.
-
India Pushes Refiners To Diversify Purchases After Production Cut By OPEC (Oil Producers)
Indian state fuel retailers have not raised pump prices since April.
-
"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
-
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.
-
Crude Prices Jump Nearly 4% As Oil Producers Agree On A Small Output Cut
Oil prices rose about 4 per cent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.
-
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 Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.
-
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.
-
Biden Says Weighs Reducing Tariffs On China, Asking OPEC To Pump More Oil
Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production
-
Oil Prices Recover In A Volatile Session After Over 5% Crash Previously
Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.
-
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 Extends Rally, Rises Over 1% On U.S. Fuel Demand Recovery
Refiners have ramped up production to 92.4% of operable capacity, the highest since late June, helping send U.S. crude inventories to the lowest since January 2020.
-
Petrol, Diesel Prices Kept Unchanged On Friday
Petrol, Diesel Price: Oil prices rose about 1 per cent on Thursday after preliminary news that OPEC+ reached a deal to gradually ease production cuts from May.
-
Government Says OPEC+ Decision To Hit Economic Recovery
Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.
-
Government Asks OPEC+ To Fulfill Promise Of Price Stability: Oil Minister
Oil prices have recovered from last year's price crash spurred by the pandemic, helped by production cuts by the OPEC+ group.
