UAE exits OPEC: short-term pain, long-term gain as global oil shi

The United Arab Emirates' (UAE) decision to exit the Organization of the Petroleum Exporting Countries (OPEC) may...

UAE OPEC exit to boost supply,give Asia some bargaining power

Chief Economist and Head of Economic Research at the Gulf Research Centre, John Sfakianakis, on Thursday said that...

UAE’s OPEC exit “fully aligned” with US: Expert

Chief Economist and Head of Economic Research at the Gulf Research Centre, John Sfakianakis, on Thursday said that...

‘Game changer’ for energy, geopolitics: Former envoy

Former diplomat Ashok Sajjanhar on Wednesday called the reported exit of the United Arab Emirates from the...

UAE’s decision reflects policy-driven evolution, says Energy mini

The United Arab Emirates announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC)...

OPEC+ hikes oil production quotas, expresses concern over attacks

The Organisation of the Petroleum Exporting Countries (OPEC) have decided to implement a production adjustment of...

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...