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OPEC+ countries agree production adjustment of 411,000 barrels per day i
Updated : 1 year ago IST
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31 to review global market conditions and outlook.
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Constrained milk, wheat supplies amid volatile crude market raise inflatio
Updated : 3 years, 1 month ago IST
Constrained supplies of milk and wheat, coupled with a volatile international crude oil market with OPEC+ countries deciding to cut crude oil production from May 2023 are factors that may, going forward, influence the inflation trajectory in India, Ministry of Finance's Monthly Economic R
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Relationship with India is solid, says OPEC Secretary General
Updated : 3 years, 4 months ago IST
In an exclusive interaction with ANI, OPEC Secretary General Haitham Al Ghais said that reduced oil import by India with OPEC countries doesn't affect the relationship between OPEC+ countries and India.
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OPEC+ to raise daily crude production by just 100,000 barrel in September
Updated : 3 years, 10 months ago IST
Vienna [Austria], August 4 (ANI): The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC participating countries have decided to raise crude oil production level by just 100,000 barrels per day for the month of September.
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US believes OPEC can expand oil production, expects more steps soon
Updated : 3 years, 10 months ago IST
Washington [US], July 17 (ANI/Sputnik): The United States believes that the OPEC countries have the opportunity to increase oil production and expects that they will take steps in this direction in the upcoming weeks, US Senior Adviser for Energy Security Amos Hochstein said on Sunday.
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OPEC+ agrees to increase output by 500,000 barrels a day in January
Updated : 5 years, 6 months ago IST
Vienna [Austria], December 4 (ANI/Xinhua): The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided at a meeting on Thursday to increase oil production by 500,000 barrels per day (bpd) in January 2021.
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Dharmendra Pradhan invites OPEC countries to invest in India, discusses r
Updated : 5 years, 7 months ago IST
New Delhi [India], November 5 (ANI): Union Minister Dharmendra Pradhan on Thursday urged OPEC countries to take a deep look at the rapidly changing global oil and gas sector due to COVID-19 and revisit the ongoing exchanges so that energy challenges, particularly in the oil sector, can be
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Pradhan to raise fuel hike issue at OPEC meeting
Updated : 7 years, 11 months ago IST
New Delhi (India), June 18 (ANI): Union Petroleum Minister Dharmendra Pradhan on Monday said India will raise the issue of the recent fuel price hike at the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) countries in Vienna.
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