Search For "petroleum exporting countries"
Oil Marketing companies likely to cut petrol-diesel prices: Sources
Updated : 2 years, 9 months ago IST
Oil marketing companies (OMC) are likely to reduce prices of petrol and diesel, according to government sources.
Read More
OPEC Plus will continue oil output cuts as prices remain unchanged
Updated : 2 years, 9 months ago IST
OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-term guidance for the market, and in line with the successful approach of being precautious, proactive and preemptive," in a press release, The Hill reported.
Read More
Oil prices surge after OPEC+ announce to cut output
Updated : 2 years, 11 months ago IST
By 1:12 am (Local Time), Brent was trading at USD 85.41 per barrel (6.46 per cent). The price of futures contracts of WTI crude oil for May 2023 delivery went up by 6.21 per cent, to USD 80.37 per barrel.
Read More
OPEC Plus announces oil output cuts of around 1.16 mbpd
Updated : 2 years, 11 months ago IST
Riyadh, Saudi Arabia's capital and main financial hub said it would cut output by 500,000 barrels per day, or BDP, from May until the end of 2023, state media reported.
Read More
Putin holds telephonic conversation with Saudis ahead of OPEC+ committee m
Updated : 3 years, 1 month ago IST
Russian President Vladimir Putin on Monday had a telephone conversation with the Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud.
Read More
Biden to release 15 million barrels from oil reserve, more possible
Updated : 3 years, 4 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.
Read More
Biden to "reevaluate" ties with Saudi Arabia after OPEC cut oil production
Updated : 3 years, 5 months ago IST
Washington [US], October 12 (ANI): After cut in oil production quotas by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the White House said that US President Joe Biden will now work with Congress to 're-evaluate' relationship with Saudi Arabia.
Read More
Confident India will be able to navigate through OPEC+ production cut situ
Updated : 3 years, 5 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
Read More
White House says OPEC+ 'aligning' with Russia as member countries announce
Updated : 3 years, 5 months ago IST
Washington [US], October 6 (ANI): The White House on Wednesday (local time) expressed disappointment over the announcement of a cut in oil production quotas by Organization of the Petroleum Exporting Countries (OPEC) and its allies.
Read More
OPEC+ to hold in-person meet next week
Updated : 3 years, 5 months ago IST
Vienna [Austria], October 1 (ANI): Organization of the Petroleum Exporting Countries (OPEC) Plus is set to hold its meeting in Vienna next week, the first time since the COVID-19 pandemic began in 2020.
Read More
Oil prices rise over 1% after falling to 9-month low the previous day
Updated : 3 years, 5 months ago IST
New Delhi [India], September 27 (ANI): Oil prices rose more than 1 per cent on Tuesday after declining to nine-month low a day earlier, amid the hint that the Organization of the Petroleum Exporting Countries (Opec+) -- the producer alliance -- may go for output reductions to prevent further
Read More
OPEC+ to raise daily crude production by just 100,000 barrel in September
Updated : 3 years, 7 months ago IST
Vienna [Austria], August 4 (ANI): The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC participating countries have decided to raise crude oil production level by just 100,000 barrels per day for the month of September.
Read More