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...

Oil Marketing companies likely to cut petrol-diesel prices

Oil marketing companies (OMC) are likely to reduce prices of petrol and diesel, according to government sources.

OPEC Plus to continue oil output cuts as prices remain unchanged

OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-term guidance for...

Oil prices surge after OPEC+ announce to cut output

By 1:12 am (Local Time), Brent was trading at USD 85.41 per barrel (6.46 per cent). The price of futures contracts...

OPEC Plus announces oil output cuts of around 1.16 mbpd

Riyadh, Saudi Arabia's capital and main financial hub said it would cut output by 500,000 barrels per day, or...

Putin on phone with Saudis ahead of OPEC+ committee meeting

Russian President Vladimir Putin on Monday had a telephone conversation with the Crown Prince of Saudi Arabia...

Biden to release 15 million barrels from oil reserve

Washington [US], October 19 (ANI): President Joe Biden will announce the release of 15 million barrels of oil from...