Organisation Of Petroleum Exporting Countries Opec
Business  /  Published 06.10.22

Oil cartel lowers output

The cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago on fears of a global economic recession, rising US interest rates and a stronger dollar...
By Reuters in Vienna, London

Business  /  Published 22.03.22

EU sanction threat fires up crude price

With little sign of the conflict easing, the focus returned to whether the market would be able to replace Russian barrels hit by sanctions...
By Reuters, PTI in Mumbai, London

Business  /  Published 03.12.21

Oil cartel sticks to old output hike plan

Benchmark Brent crude fell more than $1 after the deal was reported, before recovering some ground to trade around$70 a barrel....
By Reuters in London

Business  /  Published 24.11.21

India, US dip into crude oil reserves

Benchmark Brent was trading above $80 a barrel on Tuesday, up from levels before the announcement but still well below last month’s three-year high of more than $86...
By Our Special Correspondent in New Delhi

Business  /  Published 23.11.21

Joint action to check oil price

The US had last week made the unusual request to some of the world’s largest oil-consuming nations to consider releasing crude stockpiles...
By PTI in New Delhi


Business  /  Published 19.11.21

India mulls US plan to tame crude prices

Sources said India, which imports about 80% of its crude, may agree to the US request as rising prices can significantly impact the recovery from the pandemic...
By R. Suryamurthy in New Delhi

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 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

World  /  Published 24.02.21

Saudi face of 1973 oil embargo dead

Sheikh Zaki Yamani was among the 11 Opec ministers taken hostage in Vienna by a Venezuelan assassin Carlos the Jackal ...
By Reuters in Dubai

Business  /  Published 11.12.18

Close vigil on Opec

Effects will be felt only in January, oil minister Dharmendra Pradhan says...
By Our Special Correspondent in New Delhi


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