Page 4 - Opec Oil

Oil prices climb more than 1% to 7-year highs on supply disruption fears

Brent crude futures was at $95.65 a barrel by 0742 GMT, up $1.21, or 1.3%, after earlier hitting a peak of $96.16, the highest since October 2014

Opec weighs policy shift after US-led crude release pledge

Saudi Arabia, Russia consider pausing planned output hikes

What does OPEC's impasse mean for countries like India? Explained

As several key Indian states witness record petrol and diesel prices, OPEC’s failure to fix a target for oil production output could hit countries like India even more. Watch this video to understand implications for the Indian economy from Vandana Hari, Founder & CEO of Vanda Insights, a Singapore-based provider of oil markets macro-analysis.

OPEC+ seeks oil policy consensus as United Arab Emirates demands changes

The UAE on Thursday effectively blocked a deal agreed by top producers Saudi Arabia and Russia to ease oil cuts by 2 million barrels per day (bpd) by the end of 2021

Oil highest since 2018 with Iran deal elusive and OPEC talks due

WTI futures rise as much as 3.2%, Brent earlier topped $70

India to buy oil from cheapest supplier on favourable terms, says Pradhan

UAE, Kuwait and Nigeria -- some of the biggest suppliers of oil to India -- are all OPEC members

India calls Saudi Arabia's advice on tapping stored oil 'undiplomatic'

India, the world's third-biggest oil importer and consumer, has asked refiners to speed up diversification and cut reliance on Middle Eastern oil

Amid high oil prices, Saudi asks India to use cheap oil it bought last year

International oil prices rose after OPEC and its allies ignored India's plea to ease production control

Oil extends gains on prospect of OPEC+ sticking with supply cuts

The market had been expecting OPEC+ to ease production cuts by around 500,000 barrels per day (bpd) from April

Why costly diesel burns a bigger hole in your pocket than petrol

While consumers feel the petrol pinch directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use

Fully committed to OPEC+ oil cuts, not seeking any exemptions, says Iraq

Earlier on Wednesday, Oil Minister Ihsan Abdul Jabbar was quoted as saying that he has spoken about the exemption to key OPEC oil ministers in three separate meetings

End game for oil? OPEC prepares for an age of dwindling demand

OPEC faces a dramatic adjustment if consumption starts a permanent decline

Oil slides below $41 a barrel as US inventory rise revives glut worries

Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a report from the USEnergy Information Administration.

Brent is likely to find support in June in the range of $35-40/barrel

The speed at which the oil market rebounded to $40 per barrel has certainly grabbed attention, but it needs to walk before it can run

Amid falling global prices, US and Mexico agree to cut crude oil output

The OPEC nations have agreed to "a different limit reduction of about 23 per cent", said US President Donald Trump

OPEC+ debates biggest-ever oil cut as Covid-19 pandemic crushes demand

The oil market was dealt a heavy blow by the freefall in demand due to the coronavirus pandemic

Oil markets unbalanced despite additional OPEC cuts: International agency

The International Energy Agency said that most of that cut had already been implemented already

Opec, allies agree on 500,000-bpd additional production cut in Jan-Mar 2020

The countries involved pump over 40% of the world's oil, and their new combined cuts amount to 1.7 million bpd or 1.7% of global production

OPEC grapples with oil oversupply, negotiations over production cuts begin

The oil-producing nations will decide whether to stick with production cuts they've endured for the past three years, relax them or deepen them in the hopes of propping up prices

Oil price to rise? Millions of barrels of Iran oil piled up in China ports

The store of oil has the potential to push down global prices if Chinese refiners decide to draw on it