Organization Of The Petroleum Exporting Countries Opec
Business  /  Published 19.07.21

Opec's output hike from Aug

Major oil producers reached a deal on production increases on Sunday, as the United Arab Emirates and Saudi Arabia resolved a dispute that had blocked an agreement this month. The pact clears the way...
By Stanley Reed in New York

Business  /  Published 06.07.21

Opec+ calls off output talks

Opec+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates balked at a proposed eight-month extension to output curbs, meaning no deal to boost produc...
By Reuters in Dubai

Business  /  Published 02.06.21

Opec to ease curbs

Opec+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July as they sought to balance expectations of a recovery in demand against a possible incr...
By Reuters in London

Business  /  Published 18.03.21

India to rely less on Saudi oil imports

Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter in May, in an escalating stand-off with Riyadh following Opec’s decision to ignore calls from New Delhi...
By Reuters in New Delhi

Business  /  Published 06.03.21

Crude price flare-up feared

By Our Bureau in New Delhi

Business  /  Published 06.03.21

Centre feels the heat

The Modi government is coming under increasing pressure to cut duties after Opec and allies decided to play hardball on output cuts. Finance minister Nirmala Sitharaman on Thursday admitted there was...
By Our Special Correspondent in New Delhi

Business  /  Published 05.03.21

Opec extends output cut

Members of oil producer cartel Opec and allied countries have agreed to leave most of their existing oil production cuts in place as the spread of new coronavirus variants prolongs concerns about econ...
By Our Bureau, Agencies in Moscow, Dubai

Business  /  Published 03.03.21

Centre mulls fuel duty cut

By Reuters in New Delhi

Business  /  Published 01.12.20

Oil output cut stays

Opec members have reached a consensus on the need to extend existing oil production cuts for three months from January and will work on convincing their allies in the wider Opec+ group to support such...
By Reuters in Moscow, London, Dubai


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