Crude oil prices plunge by 541 points

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

OPEC+ extends major oil production cuts until 2025

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support...

Asian crude buyers unlikely to face supply squeeze: S&P GCI

The recent decisions by OPEC+ and Russia to extend production cuts have provided a semblance of clarity in the...

South Korean refiners optimistic about refining margins

According to S&P Global Commodity Insights, despite Saudi Arabia's commitment to production cuts in the first...

UAE to voluntarily cut oil output by 144,000 bpd: Energy Minister

"This voluntary initiative is a precautionary measure taken to ensure market balance and comes in alignment with the...

Biden announces release of 15 mn barrels of oil from reserve

Washington [US], October 20 (ANI): US President Joe Biden has announced the release of 15 million barrels of oil...

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...

Indian economy not going to be impacted by OPEC+ output cut

New Delhi [India], October 6 (ANI): After OPEC+ agreed to steep oil production cuts on Wednesday, curbing supply...

Pradhan urges OPEC to phase out production cuts sooner,...

New Delhi [India], June 24 (ANI): In a high-level consultation meeting on Thursday, Union Minister of Petroleum and...

India calls for ease of crude oil production cuts

New Delhi [India], April 2 (ANI): Calling for the market-determined price of crude oil, the Ministry of External...

Situation on global oil market undoubtedly improved in recent...

Moscow [Russia], March 4 (ANI/Sputnik): The situation on the global oil market has undoubtedly improved in the last...

Petroleum Minister appeals to oil-producing countries to ease...

New Delhi [India], February 17 (ANI): In his address at the IEA-IEF-OPEC Symposium on Energy Outlooks on...