Search For "petroleum exporting countries"
World requires more energy in decades to come: OPEC Secretary-General
Updated : 8 months ago IST
Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), has affirmed that the world will need more energy in the coming decade and stressed the need to ensure oil supplies are delivered in a stable and secure manner.
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India will drive global oil consumption growth: Phillip Capital
Updated : 12 months ago IST
"With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs," said the report.
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Today there's more oil in market than takers: Union Minister Hardeep Puri
Updated : 1 year, 1 month ago IST
"India has diversified its sources of Oil supply, earlier we were importing crude oil from 27 countries now we are importing from 39 countries. If I can buy some from some source and I can buy it at a cheaper price, we are the winners," the Union Minister said in a BBC interview.
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Union Minister Hardeep Puri holds key talks with OPEC chief, eyes balanced
Updated : 1 year, 4 months ago IST
Union Minister Hardeep Singh Puri met with HE Haitham Al-Ghais, Secretary General of Organization of the Petroleum Exporting Countries (OPEC) on Moday at the ADIPEC conference in Abu Dhabi to discuss India's partnership with OPEC.
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Sharp cut in windfall tax on crude petroleum, effective today
Updated : 1 year, 6 months ago IST
The windfall tax on petroleum crude will be reduced to Rs 2,100 per metric ton from Rs 4,600 per ton, according to an official gazette notification. The new rate will be effective from Saturday, August 17, 2024.
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OPEC cuts oil demand forecast for 2024 due to weak intake from China
Updated : 1 year, 7 months ago IST
The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China.
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Crude oil prices plunge by 541 points despite OPEC+ extending production c
Updated : 1 year, 9 months ago IST
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, revealed that they would continue to enforce substantial oil production cuts totalling 5.86 million bpd.
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UAE continues to demonstrate robust growth in non-oil sectors: OPEC
Updated : 1 year, 10 months ago IST
The Organisation of the Petroleum Exporting Countries (OPEC) said today that the "UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand".
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Oil demand will grow 2.25 million bpd: OPEC
Updated : 1 year, 11 months ago IST
In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024
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Crude oil prices can hit USD 100 a barrel in 2024 if OPEC maintains cuts:
Updated : 1 year, 11 months ago IST
According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists i
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Russia to carry on voluntary oil export cuts by 300,000 barrels a day unti
Updated : 2 years, 4 months ago IST
Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until 2023 end, reported Russian news agency TASS.
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UAE’s economy to continue its robust performance in 2023: OPEC monthly rep
Updated : 2 years, 7 months ago IST
The Organisation of the Petroleum Exporting Countries (OPEC) forecast that the UAE’s economy will continue its robust performance in 2023, after recording a growth of 7.9 per cent year-on-year in 2022
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