Business  /  Published 05.10.21

Oil prices hike on Opec move

Oil producing countries stayed with their gradual approach to restore output slashed during pandemic, agreeing to add only 400,000 barrels per day in November...
By AP in Frankfurt

Business  /  Published 28.09.21

Crude rates seen at $90 by year-end

Brent futures hit a near three-year high last week as global output disruptions have forced energy companies to pull large amounts of crude out of inventories...
By Reuters in Bangalore

Business  /  Published 20.07.21

No plan for Covid bond

Niti Aayog vice-chairman Rajiv Kumar, Former RBI governor D. Subbarao, and the PHD Chamber of Commerce and Industry had all proposed such bonds...
By Our Special Correspondent in New Delhi

Business  /  Published 19.07.21

Opec's output hike from Aug

Till December 2021, the group will increase supply by a further 2 million bpd or 0.4 million bpd a month...
By Stanley Reed in New York

Business  /  Published 07.07.21

Crude surge adds to worries

If the rising prices are passed on to consumers by state-owned oil firms, it would add to inflationary pressure and slow down economic recovery...
By R. Suryamurthy in New Delhi


Business  /  Published 06.07.21

Opec+ calls off output talks

Saudi energy minister Prince Abdulaziz bin Salman on Sunday called for 'compromise and rationality' to secure a deal after two days of failed discussions last week...
By Reuters in Dubai

Business  /  Published 25.06.21

Pradhan price plea to Opec

Dharmendra Pradhan with Mohammad Sanusi Barkindo iterated concerns over the rates, which have shot up above $75 per barrel — the highest since April 2019...
By PTI in New Delhi

Business  /  Published 02.06.21

Opec to ease curbs

Benchmark Brent crude hit $71 a barrel, its highest since March, on Tuesday...
By Reuters in London

Business  /  Published 04.05.21

Fall in Opec imports

Total crude imports by the world’s third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8 per cent from a year earlier...
By Reuters in New Delhi

Business  /  Published 02.04.21

Opec to ease output cuts

The group, which has been implementing deep cuts since oil prices collapsed in 2020, agreed to ease production cuts by 350,000 barrels per day (bpd)...
By Reuters in Moscow, London, Dubai


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