Organisation Of Petroleum Exporting Countries Opec
Business  /  Published 03.12.21

Oil cartel sticks to old output hike plan

Opec and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves and the new Omicron coronavirus variant wou...
By Reuters in London

Business  /  Published 24.11.21

India, US dip into crude oil reserves

India on Tuesday said it would release 5 million barrels of crude from its strategic reserves and soon after, the US said it would release 50 million barrels from its stockpile, kicking off an unprece...
By Our Special Correspondent in New Delhi

Business  /  Published 23.11.21

Joint action to check oil price

India is working on ways to release crude oil from its strategic storages in tandem with other major economies to dampen prices, a top government official said on Monday. The US had last week made th...
By PTI in New Delhi

Business  /  Published 19.11.21

India mulls US plan to tame crude prices

India is studying a rare Biden- administration request to release crude oil from its strategic reserves in a co-ordinated manner with other major consuming countries to keep a lid on prices. The US h...
By R. Suryamurthy in New Delhi

Business  /  Published 05.10.21

Oil prices hike on Opec move

Oil prices jumped Monday after Opec and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day ...
By AP in Frankfurt


Business  /  Published 25.06.21

Pradhan price plea to Opec

India on Thursday pressed oil cartel Opec for an “affordable” oil price within a “reasonable band”. It also urged the producers to phase out production cuts. Opec nations such...
By PTI in New Delhi

World  /  Published 24.02.21

Saudi face of 1973 oil embargo dead

Saudi Arabia’s Sheikh Zaki Yamani, the embodiment of the ascent of Arab petroleum power and the face of the 1973 oil embargo that brought the West to its knees, died in London, state media repor...
By Reuters in Dubai

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 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


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