Crude Oil Output

Opec+ delays online meet on oil production, supply curbs to Dec 5

The group is set to discuss whether to proceed with reviving supplies, beginning with an increase of 180,000 barrels a day in January

Opec+ discusses to delay planned oil output hike amid low prices: Report

Last week, the group looked set to proceed with a 180,000 barrel per day (bpd) hike in October, but market volatility and a weak demand outlook have raised concern

Russia says to deepen crude oil output cuts while easing export limits

An industry source said that Russia is being forced to reduce production by the new sanctions, adding: 'There is no need to produce more than Russia can sell'

State refiners may face margin pressure as cheap Russian oil imports dip

Reduction in discounted Russian supplies will affect gross refining margins, as cheaper crude contributes to the profits of Indian Oil, Bharat Petroleum and Hindustan Petroleum

LIVE: No final decision taken yet on INDIA bloc PM face, says Cong chief

Catch all the latest updates from across the globe here

Oil prices rise on Saudi Arabia plan to deepen output cuts from July

OPEC+ meeting and Saudi cuts could boost prices, say analysts

In surprise move, Opec+ cuts daily oil output by over 1 million barrel

The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fuelled in part by the war in Ukraine

Crude oil output to go up substantially from next year: Petroleum Secy

Pankaj Jain's comments follows contracts signed by govt for 34 oil exploration blocks; minister Hardeep Singh Puri asserts energy crisis in Europe far worse than India

MRPL hits highest level since Oct 2018, rallies 34% in four trading days

For Q4FY22, MRPL reported standalone net profit of Rs 3,008 crore as against profit of Rs 268 crore in Q4FY21.

India's crude oil output slips 6.3% in May, gas production jumps

Crude oil production at 2.43 million tonne in May was 6.32 per cent lower than 2.6 million tonne output in the same month last year

OPEC and allies agree to gradually boost crude oil output from May to July

The OPEC oil cartel and allied countries said that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal

Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady

OPEC+ deadlocked over raising oil output, to resume talks on Tuesday

OPEC+ will resume talks after reaching a deadlock over February oil output levels as Saudi argued against pumping more due to new lockdowns while Russia led calls for higher production

Oil prices touch multi-month highs as OPEC+ expected to hold output

Oil prices touched multi-month highs on expectations that OPEC and allied producers may cap output at current levels in February as the pandemic keeps worries about first-half demand elevated

Economic recovery fizzling out? Core sector output shrinks 2.6% in November

Impact on IIP likely even as some economists believe consumer goods might tone it down to some extent. Core sector accounts for 40.27% of IIP

OPEC+ agrees to increase output by 500,000 barrels a day in Jan 2021

The Organization of the Petroleum Exporting Countries and non-OPEC countries decided at a meeting to increase oil production by 500,000 barrels per day in January 2021

66% energy execs believe US oil production has peaked: Dallas Fed survey

The Dallas Fed did not say if the peak was considered temporary or permanent as major oil firms have been discussing

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

Here's why your fuel bill hasn't fallen much despite tumbling crude prices

Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.

Saudi Arabia increases oil output to a record high of 12.3 mbpd

The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday