World requires more energy in decades to come: OPEC Sec Gen

Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), has affirmed...

India drives consumption growth

"With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country...

Today there's more oil in market than takers: Hardeep Puri

"India has diversified its sources of Oil supply, earlier we were importing crude oil from 27 countries now we...

Hardeep Singh Puri holds key talks with OPEC chief

Union Minister Hardeep Singh Puri met with HE Haitham Al-Ghais, Secretary General of Organization of the Petroleum...

Sharp cut in windfall tax on crude petroleum, effective today

The windfall tax on petroleum crude will be reduced to Rs 2,100 per metric ton from Rs 4,600 per ton, according to...

OPEC cuts oil demand forecast for 2024 on weak intake from China

The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand...

Crude oil prices plunge by 541 points

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, revealed that...

UAE continues to demonstrate robust growth in non-oil sectors: OP

The Organisation of the Petroleum Exporting Countries (OPEC) said today that the "UAE continues to demonstrate...

Oil demand will grow 2.25 million bpd: OPEC

In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to its forecast for relatively...

Crude oil prices can hit USD 100 a barrel in 2024

According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating...

Russia to carry on voluntary oil export cuts by 300,000 barrels a

Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until 2023 end, reported Russian...

UAE’s economy to continue its robust performance in 2023: OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) forecast that the UAE’s economy will continue its...