Page 2 - Oil Crisis

WEF 2022: Aramco CEO warns of global oil crunch due to lack of investment

Amin Nasser said on Monday he was sticking to the target of expanding capacity to 13 million barrels per day from the current 12 million by 2027, despite calls to do it faster

New gas pipeline boosts European Union's bid to ease Russian supply

The Greek-Bulgaria border is where the European Union is redrawing the region's energy map to ease its heavy reliance on Russian natural gas

Oil rises near seven-year high as OPEC+ sticks to output plan amid pressure

A source told Reuters that OPEC+ agreed to increase oil production by 400,000 bpd from March after a short meeting

Oil falls as looming US rate hikes spook investors

Oil prices fell on Thursday as the US dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world's biggest oil user

Oil prices edge up on Russia-Ukraine tension; Fed, EIA data eyed

Oil prices hit seven-year high last week on worries that supplies could tighten due to Ukraine-Russia tensions

Syria blames US sanctions on Iran for severe fuel crisis paralysing country

The minister, Bassam Tomeh told state TV in an interview aired late Wednesday that oil supplies have been delayed because of the situation

Govt plans another excise hike on petroleum products to offset revenue loss

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted

Letter to BS: Trade tensions, oil crisis likely to hit Indian markets

The Indian economy is more capitalist oriented and invites foreign investment into the same

Modi urges global oil majors to review payment terms to give rupee relief

India, which imports more than 80% of its oil has been under pressure as crude oil prices have surged and its rupee currency has lost value

Fuel price rise: PM Modi holds review meeting with Jaitley, Pradhan

The meeting assumes significance as the US sanction against Iran kicks-in on November 4