opec

What the fresh march higher in oil means for world markets

U.S. oil stocks have jumped almost 13% so far this year, outperforming the broader S&P 500's 6% ...

auto | 6 months ago

Hardeep Puri holds talks with OPEC Secy-General; discusses volatility in global oil markets

Union Minister Hardeep Singh Puri Union Minister Hardeep Singh Puri held a telephonic conversation w...

auto | 6 months ago

Reliance renews bid for US license to import Venezuelan oil

The U.S. in April did not renew a general license for Venezuela to export oil and fuel to its chosen...

auto | 5 months ago

OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say

Demand for crude from the wider group is now more relevant, one of the sources said, because the DoC...

auto | 5 months ago

OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say

Demand for crude from the wider group is now more relevant, one of the sources said, because the DoC...

auto | 5 months ago

Oil prices stable as markets believe major stakeholders don't want hostilities to escalate: Hardeep Singh Puri

The members of the Organization of Petroleum Exporting Countries (OPEC) and their allies supply much...

auto | 5 months ago

What is OPEC+ and how does it affect oil prices?

OPEC formed the so-called OPEC+ coalition with 10 of the world's leading non-OPEC oil exporters, inc...

auto | 4 months ago

What is OPEC+ and how does it affect oil prices?

OPEC formed the so-called OPEC+ coalition with 10 of the world's leading non-OPEC oil exporters, inc...

auto | 4 months ago

Why does OPEC+ often clash over oil production capacity?

Top OPEC+ member Russia has also seen its production capacity impacted by the war in Ukraine and Wes...

auto | 4 months ago

Oil climbs on optimistic demand outlook

"Crude oil edged higher as OPEC maintained its forecasts for strengthening demand," ANZ analysts sai...

auto | 4 months ago

Oil perks up on inventory drawdown forecasts for this year

On Tuesday, the EIA raised its 2024 world oil demand growth forecast to 1.10 million bpd, while OPEC...

auto | 4 months ago

Oil climbs on optimistic demand growth estimates for 2024

Elsewhere, Russia pledged to meet its output obligations under the OPEC+ pact after saying it exceed...

auto | 4 months ago

US Senate committee probes oil producers on price collusion with OPEC

Senator Sheldon Whitehouse, a Democrat and the chairman of the Budget committee, called for the prob...

auto | 3 months ago

Sharp cut in windfall tax on crude petroleum, effective today

The organization expected in its recent assessment that oil demand in 2024 will stand at around 135,...

auto | 2 months ago

Oil prices fall more than 1% on China worries

The Organization of the Petroleum Exporting Countries (OPEC) on Monday trimmed its demand outlook fo...

auto | 2 months ago

OPEC+ has limited scope to increase supplies to oil market : BP chief economist

OPEC+, a grouping of nearly two dozen countries led by Saudi Arabia and Russia, has kept its product...

auto | 2 months ago