Search For "opec"
Oil prices end below USD 100 per barrel on Russia-Ukraine diplomacy effort
Updated : 4 years ago IST
New York, March 16 (ANI/Sputnik): Oil prices tumbled more than 6 per cent, adding to Monday's drop of more than 5 per cent, as both the New York- and London-traded benchmarks settled below the key USD 100 per barrel mark for the first time since the start of Russia's "special military operat
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Oil prices continue to tumble on Russia-Ukraine diplomacy efforts, surge i
Updated : 4 years ago IST
New York [US], March 15 (ANI/Sputnik): Oil prices extended their tumble on Tuesday, falling more than 5 per cent for the second day in a row based on international efforts to mediate over the Russia-Ukraine conflict and on renewed COVID-19 measures implemented by China after an unexpected su
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UAE remains fully committed to Declaration of Cooperation 'OPEC+': Ministr
Updated : 4 years, 4 months ago IST
Abu Dhabi [UAE], November 25 (ANI/WAM): The Ministry of Energy and Infrastructure has affirmed that the UAE remains fully committed to the Declaration of Cooperation (OPEC+) and reiterates that any decisions will be taken collectively by the OPEC+ group in its next Ministerial meeting.
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Trump blasts Biden's decision to release oil from US strategic reserves
Updated : 4 years, 4 months ago IST
Washington [US], November 23 (ANI/Sputnik): Former US President Donald Trump on Tuesday slammed President Joe Biden's decision to release barrels of oil from the country's strategic reserves and warned that Washington would now be at the mercy of OPEC.
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Brazil currently has no immediate plans to join OPEC
Updated : 4 years, 4 months ago IST
Brasilia [Brazil], November 17 (ANI/Sputnik): Brazil does not plan to join the Organisation of the Petroleum Exporting Countries (OPEC) at the moment, but is determined to interact with it in the format of cooperation, Brazilian Minister of Mines and Energy Bento Costa Lima Albuquerque said
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World oil demand growth revised by some 0.16 mn bpd: OPEC
Updated : 4 years, 4 months ago IST
Vienna [Austria], November 11 (ANI/Sputnik): OPEC on Thursday revised the world oil demand growth forecast and lowered it by some 0.16 million barrels per compared to October's assessment and it now stands at 5.7 million barrels per day.
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OPEC maintains 2021, 2022 forecasts for Russia's liquids production unchan
Updated : 4 years, 4 months ago IST
Moscow [Russia], November 11 (ANI/Sputnik): The Organization of the Petroleum Exporting Countries (OPEC) maintained its forecasts for Russia's oil and condensate production in 2021 and 2022 unchanged at 10.78 million barrels per day (mb/d) and 11.78 mb/d respectively.
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OPEC+ committee advises alliance not to accelerate oil production increase
Updated : 4 years, 4 months ago IST
Vienna [Austria], November 4 (ANI/Sputnik): The OPEC+ committee recommended the alliance not to accelerate the increase in oil production, and to boost it in December by 4,00,000 barrels per day, a source in one of the delegations told Sputnik.
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High fuel prices not good for both oil producer, consumer countries: India
Updated : 4 years, 4 months ago IST
New Delhi [India], November 3 (ANI): Stating that higher fuel prices are not good for both Oil producing and Oil consuming countries, Indian Oil Corporation Ltd (IOCL) Chairman SM Vaidya on Wednesday said that the Organisation of Petroleum Exporting Countries (OPEC) should increase the produ
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OPEC predicts this year's global oil demand will make up 65% of loss in 20
Updated : 4 years, 5 months ago IST
Washington [US], October 15 (ANI/Sputnik): Global oil demand is expected to make a significant recovery, reaching 96.7 million barrels per day (mb/d) and recovering 65% of demand lost in 2020, OPEC Secretary-General Mohammad Sanusi Barkindo said on Thursday.
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Brent crude to hit USD 90 a barrel by end of year
Updated : 4 years, 5 months ago IST
Washington [US], September 28 (ANI): The price of Brent crude oil jumped above USD 80 on Tuesday for the first time in almost three years.
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Soaring fuel prices brought miseries to people in Ludhiana
Updated : 4 years, 8 months ago IST
Ludhiana (Punjab) [India], July 8 (ANI): As the fuel prices across the country is soaring, Ludhiana is no exception. People are facing various problems due to rising petrol and diesel prices and have to often mend their ways of living to adjust their cost so that it does not burn a hole in t
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