Business  /  Published 12.08.20

Opec sees steep decline in demand, recovery uncertain

World oil demand will fall more steeply in 2020 than previously forecast because of the coronavirus and there are doubts about next year’s recovery, Opec forecast on Wednesday, potentially makin...
By Reuters in London

Business  /  Published 11.12.18

Close vigil on Opec

The impact of the recent decision by oil cartel Opec to cut output will be felt only in January, the government said on Tuesday.“Let us wait and watch to see what happens next… Any kind of rationi...
By Our Special Correspondent in New Delhi

World  /  Published 03.12.18

Qatar to leave Opec, focus on natural gas

The tiny, wealthy Persian Gulf state of Qatar will withdraw from Opec in January, the country’s energy minister said on Monday.The minister, Saad Sherida al-Kaabi, said the move would allow Qatar to...
By Ben Hubbard and Stanley Reed/New York Times News Service in Beirut

Business  /  Published 15.10.18

High prices are hurting, PM tells oil majors

The Prime Minister on Monday warned global oil producers that high crude prices were hurting world economic growth and could slow down demand for their produce.While brainstorming with the chief execu...
By Our Special Correspondent in New Delhi

Business  /  Published 10.04.20

Saudi, Russia agree on oil output cut

Top oil nations were finalising a deal at G20 talks on Friday for big output cuts to lift prices slammed by the coronavirus crisis with Russia and Saudi Arabia taking a lion’s share and signs the Un...
By Reuters in Moscow

Business  /  Published 20.05.19

Oil drill in South America

 India is exploring the possibility of picking up stakes in explored oil and gas blocks in South America.The country is also planning to join hands with another energy guzzler China to collective...
By R. Suryamurthy in New Delhi

Business  /  Published 02.06.20

Consensus to extend oil output cut

Opec and Russia are moving closer to a compromise on extending current oil output cuts and are discussing a proposal to roll over supply curbs for one to two months, three Opec+ sources told Reuters o...
By Reuters in Moscow

Business  /  Published 08.06.20

Oil slips despite cuts

Oil slipped on Monday after Saudi Arabia said an extension of output cuts by Opec+ nations would not include extra voluntary cuts by a trio of Gulf producers.Brent crude was down 14 cents, or 0.3 per ...
By Reuters and PTI in London

Business  /  Published 22.11.18

Oil fall raises duty hike spectre

The government is planning to garner the windfall benefits of a slide in global crude prices by hiking excise duty to shore up its revenue to meet a shortfall in receipts from divestment and GST colle...
By R. Suryamurthy in New Delhi

Business  /  Published 07.06.20

Oil cartel extends output cry till July

Opec, Russia and allies agreed on Saturday to extend record oil production cuts till the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost...
By Reuters in Moscow


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