Search For "opec production"
Crude prices to ease amid de-escalation of geo-political issues, supply su
Updated : 11 months, 1 week ago IST
Global crude oil prices are likely to see downside, weighed down by the de-escalation of the Israel-Iran conflict, soft demand and increasing supply, revealed a latest research report by ICICI Bank.
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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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Biden to release 15 million barrels from oil reserve, more possible
Updated : 3 years, 7 months ago IST
Washington [US], October 19 (ANI): President Joe Biden will announce the release of 15 million barrels of oil from the US strategic reserve on Wednesday as part of a response to recent production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC+) nations.
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Confident India will be able to navigate through OPEC+ production cut situ
Updated : 3 years, 8 months ago IST
Washington [US], October 8 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday (local time) said that India will navigate through the Organisation of Petroleum Exporting Countries Plus (OPEC+) decision to cut oil production from November by a steeper than expe
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