Oil Production Cuts
- All
- News
- Videos
-
Oil Nears $90 For First Time In 2023, Fuel Price Unlikely To Change In India
Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.
-
Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
-
Russia's Putin Warns Of Production Cuts Over $60 Oil Price Cap
President Vladimir Putin warned Friday that Russia could reduce oil production in response to a $60 price cap on its oil exports agreed by Western nations over Moscow's Ukraine offensive.
-
India Pushes Refiners To Diversify Purchases After Production Cut By OPEC (Oil Producers)
Indian state fuel retailers have not raised pump prices since April.
-
"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
-
Joe Biden "Disappointed" With Oil Producers OPEC+ Output Cut Move
President Joe Biden is "disappointed" with the OPEC+ cartel's decision to slash oil production output, saying it will hurt the world economy, the White House said Wednesday.
-
Nifty, Sensex Fall To Start October On A Cautious Note As Oil Prices Surge
Stock Market India: Equity benchmarks opened in the red on the first trading day of October, tracking a fall in Asian equities after a surge in oil on expectations oil producers would likely cut production, raising higher inflation worries.
-
Oil Prices Slip As Dollar Soars To New Record High
Oil prices fell more 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian.
-
Crude Prices Jump Nearly 4% As Oil Producers Agree On A Small Output Cut
Oil prices rose about 4 per cent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.
-
Adani Wilmar Cuts Edible Oil Prices By Up To Rs 30 Per Litre
Edible oil firm Adani Wilmar, which sells its products under Fortune brand, on Monday announced reduction in cooking oil prices by up to Rs 30 per litre amid fall in global prices.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Opinion: India Gorges On Cheap Russian Crude, But There's A Big Risk
Indian oil refiners are sucking up cheap Russian crude, but the risk is that their exports of refined products will eventually attract sanctions from countries determined to cut Russian energy out of global markets.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Biden Says Weighs Reducing Tariffs On China, Asking OPEC To Pump More Oil
Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production
-
Major Edible Oil Brands Cut MRP By 10-15% To Give Consumers Relief
Edible oil companies, including Adani Wilmar and Ruchi Soya, have cut down MRP of their products by 10 to 15 per cent to provide relief to consumers
-
Oil Nears $90 For First Time In 2023, Fuel Price Unlikely To Change In India
Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.
-
Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
-
Russia's Putin Warns Of Production Cuts Over $60 Oil Price Cap
President Vladimir Putin warned Friday that Russia could reduce oil production in response to a $60 price cap on its oil exports agreed by Western nations over Moscow's Ukraine offensive.
-
India Pushes Refiners To Diversify Purchases After Production Cut By OPEC (Oil Producers)
Indian state fuel retailers have not raised pump prices since April.
-
"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
-
Joe Biden "Disappointed" With Oil Producers OPEC+ Output Cut Move
President Joe Biden is "disappointed" with the OPEC+ cartel's decision to slash oil production output, saying it will hurt the world economy, the White House said Wednesday.
-
Nifty, Sensex Fall To Start October On A Cautious Note As Oil Prices Surge
Stock Market India: Equity benchmarks opened in the red on the first trading day of October, tracking a fall in Asian equities after a surge in oil on expectations oil producers would likely cut production, raising higher inflation worries.
-
Oil Prices Slip As Dollar Soars To New Record High
Oil prices fell more 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian.
-
Crude Prices Jump Nearly 4% As Oil Producers Agree On A Small Output Cut
Oil prices rose about 4 per cent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.
-
Adani Wilmar Cuts Edible Oil Prices By Up To Rs 30 Per Litre
Edible oil firm Adani Wilmar, which sells its products under Fortune brand, on Monday announced reduction in cooking oil prices by up to Rs 30 per litre amid fall in global prices.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Opinion: India Gorges On Cheap Russian Crude, But There's A Big Risk
Indian oil refiners are sucking up cheap Russian crude, but the risk is that their exports of refined products will eventually attract sanctions from countries determined to cut Russian energy out of global markets.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Biden Says Weighs Reducing Tariffs On China, Asking OPEC To Pump More Oil
Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production
-
Major Edible Oil Brands Cut MRP By 10-15% To Give Consumers Relief
Edible oil companies, including Adani Wilmar and Ruchi Soya, have cut down MRP of their products by 10 to 15 per cent to provide relief to consumers
