Organisation Of Petroleum Exporting Countries
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Oil Minister Gives Two Main Reasons Behind Fuel Price Rise
Amid surging fuel prices in the country, Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan on Sunday termed "less fuel production by manufacturing countries to gain more profit" as one of the reasons behind the price hike.
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Cheap Oil Prices Likely To Reduce Inflationary Pressures in India: Government Adviser
A fall in global crude oil prices will likely reduce India's inflationary pressures, a senior government adviser said on Monday, paving the way for further central bank easing as the coronavirus outbreak hits economic activity. Saudi Arabia slashed its oil prices over the weekend after the Organisation of the Petroleum Exporting Countries (OPEC) fa...
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PM Modi's Views Taken Seriously While Deciding Oil Prices: Saudi Minister
The Organisation of Petroleum Exporting Countries or OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said on Thursday.
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Crude Oil Prices Dip As Donald Trump Says He Will Not Accept High Oil Prices
US President Donald Trump gave no details on what action his administration might take regarding oil or OPEC
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Petrol Price In Delhi At Rs 74.08, Rs 81.93 In Mumbai, Highest In 5 Years
Petrol prices in Delhi touched a fresh high of Rs 74.08 per litre today, the highest in nearly five years.
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India Uses New-Found Clout To Grab Good Deals From World Oil Suppliers
India is aiming to drive harder bargains with global oil producers, including Saudi Arabia, during bilateral meetings at a conference of energy ministers this week, officials said, leveraging its strength as the world's third-biggest crude importer
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Crude Oil Prices Hit Past $61, Highest in Two Years, as Opec Sticks To Supply Cuts
Brent crude futures were up 55 cents at $61.49 per barrel at 5.40pm, having hit a session peak of $61.70 earlier, the highest since July 2015.
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India To OPEC: Stop Charging Premium From Asian Buyers
India plans to leverage its massive oil demand at the OPEC meeting for better discounts and longer credit period.
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OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Organisation of Petroleum Exporting Countries (OPEC) was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
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Asian Stocks Fragile as Commodity Rout Stokes Demand Worries
Asian stock markets risked slipping to two-month lows on Wednesday as crumbling oil prices took a toll on energy and resource shares, with cooling demand from China putting more pressure on resources-reliant economies.
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US Crude Climbs on Weaker Dollar Ahead of OPEC Meeting
Crude prices have been choppy ahead of a policy meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
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Global Producers Must Price Oil 'Reasonably': Union Minister Dharmendra Pradhan
Reiterating New Delhi's decade-old demand, he said the Organisation of Petroleum Exporting Countries (OPEC) is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.
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OPEC Daily Basket Price Closes tad Lower
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $60.39 a barrel on Monday compared to $60.47 last Friday, the organisation's secretariat said.
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Oil Prices Steady but Indications Rally Running Out of Steam
Robust demand in Asia as well as due to the driving season in the United States is being met by near record output, especially from the Organisation Of Petroleum Exporting Countries (OPEC), although U.S. production seems to have been peaked, at least temporarily.
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Oil Price Recovery Not Backed by Fundamentals: OPEC
A recovery in oil prices which began last month is not justified by fundamentals as there remains a supply glut in the market, the Organisation of the Petroleum Exporting Countries (OPEC) said on Monday in its monthly report.
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Oil Minister Gives Two Main Reasons Behind Fuel Price Rise
Amid surging fuel prices in the country, Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan on Sunday termed "less fuel production by manufacturing countries to gain more profit" as one of the reasons behind the price hike.
-
Cheap Oil Prices Likely To Reduce Inflationary Pressures in India: Government Adviser
A fall in global crude oil prices will likely reduce India's inflationary pressures, a senior government adviser said on Monday, paving the way for further central bank easing as the coronavirus outbreak hits economic activity. Saudi Arabia slashed its oil prices over the weekend after the Organisation of the Petroleum Exporting Countries (OPEC) fa...
-
PM Modi's Views Taken Seriously While Deciding Oil Prices: Saudi Minister
The Organisation of Petroleum Exporting Countries or OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said on Thursday.
-
Crude Oil Prices Dip As Donald Trump Says He Will Not Accept High Oil Prices
US President Donald Trump gave no details on what action his administration might take regarding oil or OPEC
-
Petrol Price In Delhi At Rs 74.08, Rs 81.93 In Mumbai, Highest In 5 Years
Petrol prices in Delhi touched a fresh high of Rs 74.08 per litre today, the highest in nearly five years.
-
India Uses New-Found Clout To Grab Good Deals From World Oil Suppliers
India is aiming to drive harder bargains with global oil producers, including Saudi Arabia, during bilateral meetings at a conference of energy ministers this week, officials said, leveraging its strength as the world's third-biggest crude importer
-
Crude Oil Prices Hit Past $61, Highest in Two Years, as Opec Sticks To Supply Cuts
Brent crude futures were up 55 cents at $61.49 per barrel at 5.40pm, having hit a session peak of $61.70 earlier, the highest since July 2015.
-
India To OPEC: Stop Charging Premium From Asian Buyers
India plans to leverage its massive oil demand at the OPEC meeting for better discounts and longer credit period.
-
OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Organisation of Petroleum Exporting Countries (OPEC) was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
-
Asian Stocks Fragile as Commodity Rout Stokes Demand Worries
Asian stock markets risked slipping to two-month lows on Wednesday as crumbling oil prices took a toll on energy and resource shares, with cooling demand from China putting more pressure on resources-reliant economies.
-
US Crude Climbs on Weaker Dollar Ahead of OPEC Meeting
Crude prices have been choppy ahead of a policy meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
-
Global Producers Must Price Oil 'Reasonably': Union Minister Dharmendra Pradhan
Reiterating New Delhi's decade-old demand, he said the Organisation of Petroleum Exporting Countries (OPEC) is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.
-
OPEC Daily Basket Price Closes tad Lower
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $60.39 a barrel on Monday compared to $60.47 last Friday, the organisation's secretariat said.
-
Oil Prices Steady but Indications Rally Running Out of Steam
Robust demand in Asia as well as due to the driving season in the United States is being met by near record output, especially from the Organisation Of Petroleum Exporting Countries (OPEC), although U.S. production seems to have been peaked, at least temporarily.
-
Oil Price Recovery Not Backed by Fundamentals: OPEC
A recovery in oil prices which began last month is not justified by fundamentals as there remains a supply glut in the market, the Organisation of the Petroleum Exporting Countries (OPEC) said on Monday in its monthly report.
