हिंदी में पढ़ें

OPEC

Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse

Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse

Mon, Mar 09, 2020

Saudi Arabia, the world`s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC`s supply cut agreement with Russia, two sources told Reuters on Sunday

Oil Price: OPEC, Russia moving closer to big oil cut as coronavirus hits demand

Oil Price: OPEC, Russia moving closer to big oil cut as coronavirus hits demand

Wed, Mar 04, 2020

Oil Price: A panel of OPEC and its allies recommended cutting oil output by an extra 1 million barrels per day (bpd) on Tuesday.

Oil prices jump 4% after reports of coronavirus drug breakthrough

Oil prices jump 4% after reports of coronavirus drug breakthrough

Thu, Feb 06, 2020

Oil prices jumped about 4% on Wednesday on media reports that scientists had found a drug breakthrough for the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand

TRENDING NOW

Oil sinks further as OPEC and Russia look to raise output

Oil sinks further as OPEC and Russia look to raise output

Mon, May 28, 2018

The Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia began withholding 1.8 million barrels per day (bpd) of supplies in 2017 to tighten the market and prop up prices that in 2016 fell to their lowest in more than a decade at less than $30 a barrel.

Oil slips further below $80 a barrel as focus on OPEC intensifies

Oil slips further below $80 a barrel as focus on OPEC intensifies

Thu, May 24, 2018

Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC will end an output deal that has been in place since the start of 2017 due to concerns about supplies from Venezuela and Iran.

Oil rises towards $80 as supply concerns mount

Oil rises towards $80 as supply concerns mount

Tue, May 22, 2018

Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

Petrol, diesel prices at record highs, Centre says solution soon

Petrol, diesel prices at record highs, Centre says solution soon

Mon, May 21, 2018

Union Petroleum Minister Dharmendra Pradhan today said the increase in fuel prices was due to reduced production of oil in Organisation of Petroleum Exporting Countries (OPEC) and hike in crude oil price in the international market.

Iran says oil export drop not expected if EU saves nuclear deal

Iran says oil export drop not expected if EU saves nuclear deal

Sat, May 19, 2018

"Every new decision in OPEC needs unanimity... I believe that the help of the European Union helps us... the level of our oil exports will not change," Zanganeh told reporters after a meeting with EU`s energy chief Miguel Arias Canete.

Oil prices set for sixth week of gains, India sounds alarm

Oil prices set for sixth week of gains, India sounds alarm

Fri, May 18, 2018

Rising prices have already raised the alarm among big oil-consuming countries. OPEC kingpin Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil just as major consumer India expressed frustration with rising prices. Saudi Energy Minister Khalid al-Falih called India`s Petroleum Minister Dharmendra Pradhan to assure him that supporting global economic growth was "one of the kingdom`s key goals", the Saudi Energy Ministry said.

Oil prices steady after Brent breaks through $80 for the first time since Nov 2014

Oil prices steady after Brent breaks through $80 for the first time since Nov 2014

Fri, May 18, 2018

Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.

Oil near multi-year highs as Iran sanctions tighten supply outlook

Oil near multi-year highs as Iran sanctions tighten supply outlook

Fri, May 11, 2018

The global oil market is finely balanced, with top exporter Saudi Arabia and No.1 producer Russia having led efforts to curb oil supply to prop up prices. Benchmark Brent crude was down 20 cents at $77.27 a barrel by 1330 GMT. On Thursday Brent hit $78, its highest since November 2014. U.S. light crude was down 10 cents at $71.26, having touched a 3-1/2 year high of $71.89 on Thursday.

Qatar says too early to exit OPEC oil cuts as investment still low

Qatar says too early to exit OPEC oil cuts as investment still low

Thu, Apr 05, 2018

OPEC and its allies led by Russia have reduced production since the start of 2017 to ease a global oil glut stemming from the U.S. shale oil boom that saw oil prices crashing to below $30 per barrel and investment in the oil sector falling by over $1 trillion in the past three years. OPEC`s production restraints have helped cut global oil stocks in industrialised nations from as high as 350 million barrels to as low as 50 million barrels, Sada said.

US to overtake Russia as world's biggest oil producer by 2019 latest: IEA

US to overtake Russia as world's biggest oil producer by 2019 latest: IEA

Tue, Feb 27, 2018

The soaring US production is upending global oil markets, coming at a time when a group of other major producers around Russia and the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) have been voluntarily withholding output in order to prop up prices.

Oil hits nearly three-week high as Saudi Arabia to keep output well below cap

Oil hits nearly three-week high as Saudi Arabia to keep output well below cap

Mon, Feb 26, 2018

US energy companies last week added one oil rig, the fifth weekly increase in a row, bringing the total count up to 799, the highest level since April 2015, Baker Hughes energy services firm said on Friday.

Saudi oil minister hopes OPEC, allies will ease output cuts in 2019

Saudi oil minister hopes OPEC, allies will ease output cuts in 2019

Sat, Feb 24, 2018

OPEC is reducing output by about 1.2 million barrels per day as part of a deal with Russia and other non-OPEC producers

Oil climbs with support from Libyan outage, Saudi comments

Oil climbs with support from Libyan outage, Saudi comments

Sat, Feb 24, 2018

Production in OPEC member Libya has been running at about 1 million bpd , although it remains volatile due to unrest

OPEC, non-OPEC allies to study long-term oil cooperation in June, says UAE

OPEC, non-OPEC allies to study long-term oil cooperation in June, says UAE

Tue, Feb 20, 2018

OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, the United Arab Emirates` energy minister told Reuters.

A year into OPEC's production cuts, Asia's oil markets have tightened

A year into OPEC's production cuts, Asia's oil markets have tightened

Thu, Feb 15, 2018

The main impact of OPEC withholding supplies has been to change the structure of the oil price curve.

Oil stable on weak dollar, economic growth, but pockets of oversupply linger

Oil stable on weak dollar, economic growth, but pockets of oversupply linger

Wed, Feb 14, 2018

The Saudi energy ministry said on Wednesday that Saudi Aramco`s crude output in March will be 100,000 barrels per day (bpd) below its February level while exports would be kept below 7 million bpd.

How soaring US oil exports to China are transforming the global oil game

How soaring US oil exports to China are transforming the global oil game

Fri, Feb 09, 2018

Bit by bit, the US petroleum industry is turning world oil markets inside out.

Oil prices fall as soaring US output mars OPEC bid to tighten markets

Oil prices fall as soaring US output mars OPEC bid to tighten markets

Thu, Feb 08, 2018

In fact, the OPEC-led restraint was arguably the biggest enabler for America`s production boom, handing over market share at higher oil prices.

Brent holds above $70 on strong demand, OPEC-led supply restraint

Brent holds above $70 on strong demand, OPEC-led supply restraint

Mon, Jan 29, 2018

Oil markets have been propped up by supply restraint lead by the Organization of the Petroleum Exporting Countries (OPEC) and Russia, which started in January last year and are scheduled to last through 2018.

Oil hits $71 for first time since 2014 on tighter supply and weak dollar

Oil hits $71 for first time since 2014 on tighter supply and weak dollar

Thu, Jan 25, 2018

The Organization of the Petroleum Exporting Countries and allies including Russia began to curb supplies in 2017.

Load More

LIVE TV

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x