Wed, Apr 05, 2023
Several OPEC+ members have decided to voluntarily cut their oil production by more than a million barrels per day. Russia has also extended a cut of 500,000 barrels per day. But despite of the fresh oil cuts, Russia is going to benefit greatly from it.
More >
Fri, Dec 02, 2022
There will be an important meeting of OPEC+ countries on December 4. What will happen in OPEC+ meeting? Will there be a decision on reducing oil production? How much price will be fixed for Russian oil? Why world's eyes on this meeting? Watch Commodities Live to know experts opinion.
Wed, Oct 19, 2022
The White House press secretary said President Joe Biden is going to re-evaluate his relationship with Saudi Arabia.
Thu, Oct 06, 2022
OPEC+`s meeting on Oct 5 marked the group`s first in-person gathering at the ministerial level since March 2020, when COVID-19 restrictions moved the meeting online.
OPEC+`s meeting on Wednesday marked the group`s first in-person gathering at the ministerial level since March 2020, when Covid-19 restrictions moved the meeting online.
Tue, Oct 04, 2022
As recently as this summer, Western states were imploring Arab oil producers to raise output due to high oil prices, calls that were largely rebuffed.
Mon, Sep 05, 2022
Will there be profit booking in the market today? Why the sharp fall in the US market? What are the important events this week? What will happen at the OPEC+ meeting today? Crude oil should come below which level? Know from Anil Singhvi.
Tue, Aug 23, 2022
Crude oil prices reached 1- week high as Saudi Arabia has warned of cutting crude oil production, which has spurred the crude oil prices again. In the international market, Brent crude rose 97.45 dollar per barrel in early trade, while WTI crude was down by 90.23 dollar per barrel. Will the price of crude oil increase further? Watch Commodities Live to know expert's opinion.
Tue, Feb 27, 2018
The soaring US production is upending global oil markets, coming at a time when a group of other major producers around Russia and the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) have been voluntarily withholding output in order to prop up prices.
Mon, Dec 11, 2017
Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase in American production, potentially undermining efforts led by OPEC to tighten markets.
Tue, May 09, 2017
Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.
Tue, Apr 18, 2017
Crude oil prices were mixed in thin trading on Tuesday after the Easter holiday break shut many markets for as long as four days and a U.S. government report indicated rising production, which may keep a cap on prices after recent gains.
Thu, Mar 23, 2017
Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.94 per barrel at 0146 GMT, up 30 cents, or 0.59 percent, from their last close. That came after Brent briefly dipped below $50 a barrel the previous session for the first time since November.
Mon, Mar 13, 2017
In the first 11 months of this fiscal year, between April and February, India imported about 542,400 bpd from Iran
Wed, Jan 18, 2017
OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.
Mon, Dec 05, 2016
The production from the Ratna and R-Series oilfield will be 10,000 barrels per day initially. The government had cancelled the contract of awarding it to Essar Oil.
Wed, Nov 30, 2016
OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action.
Thu, Sep 29, 2016
Russia is aiming to keep its oil production at near-record levels despite OPEC's decision to modestly reduce its output, Russian Energy Minister Alexander Novak said on Thursday.
Oil prices extended gains after rising nearly 6% on Wednesday after OPEC struck a deal to limit crude output.
Mon, Sep 26, 2016
Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.
Sun, Sep 04, 2016
Asia`s net oil imports surpassed the total amount of oil consumed in North America in 2015 and are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade.
Thu, Jun 02, 2016
Tehran, which only recently returned to world oil markets after Western sanctions were lifted, has opposed any attempt to limit output to support weak crude prices.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
