Tag: OPEC
17 Results
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Oil prices claw back ground after biggest fall since 1991 Gulf War
Saudi Arabia is aiming to boost its crude oil output of over 10 million barrels per day in April after the current supply deal between OPEC Russia ie OPEC+ expires in March.
March 10, 2020 -
Sensex tanks over 2400 points amid Coronavirus fears; Reliance suffers worst fall in 10 years
Stocks of Reliance Industries nosedived 11 per cent in its worst single-day fall in at least 10 years as it fell to Rs 1,094.95 per share.
March 9, 2020 -
Asia stocks dive down amid panic selling on fear of coronavirus, plunge in oil prices
Oil markets were the main drivers of decline, as the oil prices plunged about 20 per cent on Monday.
March 9, 2020 -
Oil companies’ shares slip on OPEC output cut buzz
The demand for crude oil and refined products has fallen because of the low seasonal demand.
December 6, 2019 -
US to ensure adequate oil supplies in global market: Mike Pompeo
The Trump administration announced on April 22 that the US sanctions would be reimposed on all countries that import Iranian oil since May 2, leading to turbulence in global oil markets.
April 30, 2019 -
Rupee weakened against US dollar in choppy weekly trade
In what could translate into further trouble for the domestic currency, analysts see an upward move of 6 to 7 per cent in the Brent crude prices in the coming week.
February 17, 2019 -
Petrol, diesel see sharp price rise on Sunday
State-run oil marketing companies increased petrol rates by 49-60 paise per litre on Sunday, while diesel prices were raised by 59-75 paise across the four major metros.
January 13, 2019 -
Sensex down 100 points despite declining crude oil prices
All sectors, except consumer durables and capital goods, traded in red.
December 26, 2018 -
As Opec’s power wanes, Saudis tie up with Russia
OPEC is in the midst of a major crisis made more evident by Qatar’s announcement that it would be leaving OPEC, partly to protest Saudi dominance over the group.
December 17, 2018 -
India to wait and watch impact of oil producers’ output cut: Dharmendra Pradhan
The output cut decision, which was spearheaded by Russia, will come into effect on January 1.
December 11, 2018 -
Opec minus Qatar
News of the country leaving Opec is unnerving for the oil market and the market participants are yet to digest the full import of this development.
December 8, 2018 -
OPEC will take PM Modi’s views seriously while deciding oil prices: Saudi minister
India is the world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its energy needs.
December 7, 2018 -
Qatar to pull out of OPEC by January
Plans to focus on developing and increasing its natural gas production
December 3, 2018 -
Qatar to quit OPEC in January, says decision taken to focus on natural gas production
Qatar has been in OPEC for 57 years, but the Gulf state's new energy minister said that the country's impact on OPEC production decisions was small.
December 3, 2018 -
Wrong to blame OPEC for soaring fuel prices: Yashwant Sinha
"This is the first time in over four years that this government is facing a minor problem on the economic front. But they are unable to handle the crisis and coming out with all sorts of justifications," said Sinha.
September 11, 2018 -
Oil prices rise as crude output cut extended
Oil prices rebounded as the OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC oil producers agreed to extend the production cut till the end of 2018. The West Texas Intermediate for January delivery on Thursday increased $0.10 to settle at $57.40 dollars a barrel on the New York Mercantile Exchange, while Brent crude for …
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December 1, 2017 -
Oil prices rise ahead of OPEC meeting
Oil prices climbed on Tuesday as investors were awaiting the closely-watched OPEC (Organisation of the Petroleum Exporting Countries) meeting next week, a media report said. OPEC and other key oil producers will meet on November 30 to discuss whether to extend the current price-supporting curbs on crude output, Xinhua news agency reported. In a bid …
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November 22, 2017