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Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
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Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
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"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
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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.
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US vs Saudi Over Oil Supply Cut, Riyadh Rejects Charges Of Backing Russia
The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington accusing Riyadh of knowingly boosting Russian interests.
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Oil Falls On Lackluster U.S. Summer Gasoline Demand
Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.
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Tata Motors Plans to Sell About 50,000 EVs in FY23, Double It in Next Fiscal Year
Tata Motors has set a target to sell about 50,000 electric vehicles (EVs) in the FY23, and double it in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting. The company's performance is expected to improve in this fiscal year as the overall supply situation is gradually become stable.
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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.
-
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.
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Europe Can Learn Lessons From 1970s Oil Shock As Rationing Looms
With Russia threatening to cut off the supply of vital gas and oil, European governments are dusting off rationing plans that bring back memories of the 1973 energy crisis
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Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15 per cent, while meeting the normal monthly requirements of Indian refiners
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Russia, Saudi Arabia To Extend OPEC Production Cut Deal: Vladimir Putin
Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.
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Saudi Arabia Pumps Record Amount Of Oil As Trump Piles On Pressure
Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as US President Donald Trump piled pressure on the kingdom to refrain from production cuts at an OPEC meeting next week.
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Trump Administration Split Amid India, China Resistance To Iran Sanctions
Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...
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Iran Replaces Saudi Arabia As 2nd Largest Oil Supplier To India
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister Dharmendra Pradhan said today, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.
-
Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
-
Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
-
"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
-
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.
-
US vs Saudi Over Oil Supply Cut, Riyadh Rejects Charges Of Backing Russia
The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington accusing Riyadh of knowingly boosting Russian interests.
-
Oil Falls On Lackluster U.S. Summer Gasoline Demand
Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.
-
Tata Motors Plans to Sell About 50,000 EVs in FY23, Double It in Next Fiscal Year
Tata Motors has set a target to sell about 50,000 electric vehicles (EVs) in the FY23, and double it in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting. The company's performance is expected to improve in this fiscal year as the overall supply situation is gradually become stable.
-
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.
-
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.
-
Europe Can Learn Lessons From 1970s Oil Shock As Rationing Looms
With Russia threatening to cut off the supply of vital gas and oil, European governments are dusting off rationing plans that bring back memories of the 1973 energy crisis
-
Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15 per cent, while meeting the normal monthly requirements of Indian refiners
-
Russia, Saudi Arabia To Extend OPEC Production Cut Deal: Vladimir Putin
Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.
-
Saudi Arabia Pumps Record Amount Of Oil As Trump Piles On Pressure
Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as US President Donald Trump piled pressure on the kingdom to refrain from production cuts at an OPEC meeting next week.
-
Trump Administration Split Amid India, China Resistance To Iran Sanctions
Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...
-
Iran Replaces Saudi Arabia As 2nd Largest Oil Supplier To India
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister Dharmendra Pradhan said today, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.
