Organisation Of Petroleum Exporting Countries
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In 22 Days, Iran Will Run Out Of Place To Store Oil It Produces. What's Next?
The looming storage crunch is threatening to accelerate production cuts in what was once the second-largest source of crude under the Organisation of Petroleum Exporting Countries (OPEC). P
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The Saudi-Pakistan Factor Behind UAE's Exit From OPEC
The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.
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Oil Minister Gives Two Main Reasons Behind Fuel Price Rise
Amid surging fuel prices in the country, Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan on Sunday termed "less fuel production by manufacturing countries to gain more profit" as one of the reasons behind the price hike.
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PM Modi's Views Taken Seriously While Deciding Oil Prices: Saudi Minister
The Organisation of Petroleum Exporting Countries or OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said on Thursday.
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Petrol Price In Delhi At Rs 74.08, Rs 81.93 In Mumbai, Highest In 5 Years
Petrol prices in Delhi touched a fresh high of Rs 74.08 per litre today, the highest in nearly five years.
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India Uses New-Found Clout To Grab Good Deals From World Oil Suppliers
India is aiming to drive harder bargains with global oil producers, including Saudi Arabia, during bilateral meetings at a conference of energy ministers this week, officials said, leveraging its strength as the world's third-biggest crude importer
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OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Organisation of Petroleum Exporting Countries (OPEC) was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
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Global Producers Must Price Oil 'Reasonably': Union Minister Dharmendra Pradhan
Reiterating New Delhi's decade-old demand, he said the Organisation of Petroleum Exporting Countries (OPEC) is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.
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OPEC Daily Basket Price Closes tad Lower
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $60.39 a barrel on Monday compared to $60.47 last Friday, the organisation's secretariat said.
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In 22 Days, Iran Will Run Out Of Place To Store Oil It Produces. What's Next?
The looming storage crunch is threatening to accelerate production cuts in what was once the second-largest source of crude under the Organisation of Petroleum Exporting Countries (OPEC). P
-
The Saudi-Pakistan Factor Behind UAE's Exit From OPEC
The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.
-
Oil Minister Gives Two Main Reasons Behind Fuel Price Rise
Amid surging fuel prices in the country, Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan on Sunday termed "less fuel production by manufacturing countries to gain more profit" as one of the reasons behind the price hike.
-
PM Modi's Views Taken Seriously While Deciding Oil Prices: Saudi Minister
The Organisation of Petroleum Exporting Countries or OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said on Thursday.
-
Petrol Price In Delhi At Rs 74.08, Rs 81.93 In Mumbai, Highest In 5 Years
Petrol prices in Delhi touched a fresh high of Rs 74.08 per litre today, the highest in nearly five years.
-
India Uses New-Found Clout To Grab Good Deals From World Oil Suppliers
India is aiming to drive harder bargains with global oil producers, including Saudi Arabia, during bilateral meetings at a conference of energy ministers this week, officials said, leveraging its strength as the world's third-biggest crude importer
-
OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Organisation of Petroleum Exporting Countries (OPEC) was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
-
Global Producers Must Price Oil 'Reasonably': Union Minister Dharmendra Pradhan
Reiterating New Delhi's decade-old demand, he said the Organisation of Petroleum Exporting Countries (OPEC) is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.
-
OPEC Daily Basket Price Closes tad Lower
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $60.39 a barrel on Monday compared to $60.47 last Friday, the organisation's secretariat said.
