scorecardresearch
Follow Us:
Wednesday, October 20, 2021

OPEC

OPEC NEWS

Explained: Why global fuel prices are up, how India is impacted

October 20, 2021 12:34 pm

High crude oil prices have contributed to the prices of petrol and diesel regularly setting new record highs across India in 2021.

Explained: How OPEC+ deal to withdraw output cut impacts India

July 20, 2021 7:55 am

OPEC+ has decided to increase overall production by 4,00,000 barrels per day every month till the remaining portion of the group's 10 million barrel per day production cut announced in April 2020 is completely phased out.

OPEC, allies raise limits for 5 countries to end oil dispute

July 18, 2021 9:53 pm

The disagreement, sparked by a demand by the UAE to increase its own production, temporarily upended an earlier meeting of the cartel.

Oil holds gain above $75 after OPEC+ squabble delays output deal

July 02, 2021 9:17 am

OPEC+ is likely to agree on Friday to restore more production, Neil Beveridge, a senior analyst at Sanford C Bernstein in Hong Kong, said.

Govt seeks ‘affordable’ price, production cut phase-out from OPEC

June 25, 2021 6:14 am

OPEC nations such as Saudi Arabia have mostly been India’s principal oil source.

Explained: Why has Saudi Arabia raised oil shipping costs to Asia?

April 08, 2021 9:32 am

Saudi Arabia will, however, continue to be one of the largest sources for the import of crude oil for India due to its geographical proximity and India’s large crude oil requirements.

Saudi wants OPEC+ to extend oil cuts into May-June: Source

March 30, 2021 9:36 am

The cuts involve OPEC led by Saudi Arabia as well as non-OPEC producers led by Russia. Together their cuts currently stand at just over 7 million barrels per day plus an additional 1 million bpd voluntary reduction by Saudi Arabia.

Oil prices surge as OPEC+ extends output cuts into April

March 05, 2021 10:36 am

Brent crude futures for May rose 60 cents, or 0.9%, to $67.34 a barrel at 0337 GMT, and was on track for a near 2% gain in the week. US West Texas Intermediate (WTI) crude futures were up 56 cents, or 0.9%, to $64.39 per barrel.

OPEC cartel, allies face decision on increasing oil output

March 04, 2021 6:36 pm

Their online meeting on Thursday takes place against the background of more confidence that prices have steadied, offset by concern that that the spread of new variants of the coronavirus could easily hurt demand.

OPEC VIDEOS

Fuel prices at an all-time high: News in Numbers

June 22, 2020 6:17 pm

How the government is explaining the rise in petrol and diesel prices. Take a look in today’s News in Numbers.