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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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Oil Nears $90 For First Time In 2023, Fuel Price Unlikely To Change In India
Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.
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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.
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Oil Prices Rise To Near $97 After Saudi Says OPEC (Oil Producers) Could Cut Output
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.
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India, Japan Planning To Release Crude Oil On US Request: Report
The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude
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India Tells OPEC Nations High Oil Prices Hurting Economic Recovery
India has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery
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OPEC+ Crisis Deepens As Saudi Arabia Refuses To Budge
Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month.
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India Again Urges OPEC To Phase Out Oil Output Cuts
Earlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.
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State-Run Refiners Plan To Cut Oil Imports From Saudi As Stand-Off Escalates: Report
India, the world's third-biggest oil importer and consumer, imports more than 80 per cent of its oil needs and relies heavily on the Middle East.
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US Becomes India's Second Biggest Oil Supplier, Saudi Plunges Fourth Spot: Report
Iraq continued to be the top oil seller to India despite a 23 per cent decline in purchases to a five-month low of 867,500 bpd, the data showed.
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Refiners Asked To Cut Reliance On Middle East Oil After OPEC+ Decision: Report
Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April.
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India's Economy Will Improve, Our Investment Plans There On Track: Saudi Arabia
Saudi Arabia, the world's largest oil exporter, on Sunday said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis.
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Oil Climbs On Positive China Data, Hopes For US Stimulus Package
Saudi Arabian Aramco CEO Amin Nasser said on Sunday that he sees oil demand rebounding in Asia
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Reuters Story On U.S. Crude Shipment To Saudi Arabia Is Incorrect And Withdrawn
The August 6 story headlined, "U.S. sends first shipment of crude to Saudi Arabia in over a decade," is incorrect and withdrawn. The U.S. Census Department, which originally reported a shipment of crude oil to Saudi Arabia from the United States in June, said the party that filed with the Census Department mistakenly identified the destination of t...
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Saudi Arabia Says It Will Cut June Oil Output By An Extra 1 Million Barrels A Day
Global oil demand has slumped by about 30 percent as the coronavirus pandemic has curtailed movement across the world
-
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.
-
Oil Nears $90 For First Time In 2023, Fuel Price Unlikely To Change In India
Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.
-
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 Prices Rise To Near $97 After Saudi Says OPEC (Oil Producers) Could Cut Output
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.
-
India, Japan Planning To Release Crude Oil On US Request: Report
The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude
-
India Tells OPEC Nations High Oil Prices Hurting Economic Recovery
India has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery
-
OPEC+ Crisis Deepens As Saudi Arabia Refuses To Budge
Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month.
-
India Again Urges OPEC To Phase Out Oil Output Cuts
Earlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.
-
State-Run Refiners Plan To Cut Oil Imports From Saudi As Stand-Off Escalates: Report
India, the world's third-biggest oil importer and consumer, imports more than 80 per cent of its oil needs and relies heavily on the Middle East.
-
US Becomes India's Second Biggest Oil Supplier, Saudi Plunges Fourth Spot: Report
Iraq continued to be the top oil seller to India despite a 23 per cent decline in purchases to a five-month low of 867,500 bpd, the data showed.
-
Refiners Asked To Cut Reliance On Middle East Oil After OPEC+ Decision: Report
Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April.
-
India's Economy Will Improve, Our Investment Plans There On Track: Saudi Arabia
Saudi Arabia, the world's largest oil exporter, on Sunday said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis.
-
Oil Climbs On Positive China Data, Hopes For US Stimulus Package
Saudi Arabian Aramco CEO Amin Nasser said on Sunday that he sees oil demand rebounding in Asia
-
Reuters Story On U.S. Crude Shipment To Saudi Arabia Is Incorrect And Withdrawn
The August 6 story headlined, "U.S. sends first shipment of crude to Saudi Arabia in over a decade," is incorrect and withdrawn. The U.S. Census Department, which originally reported a shipment of crude oil to Saudi Arabia from the United States in June, said the party that filed with the Census Department mistakenly identified the destination of t...
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Saudi Arabia Says It Will Cut June Oil Output By An Extra 1 Million Barrels A Day
Global oil demand has slumped by about 30 percent as the coronavirus pandemic has curtailed movement across the world
