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Page 5 - Opec Oil

Russia, Saudi agree to extend oil cuts for as long as 6 to 9 months: Putin

The current deal removed 1.2 million barrels a day of OPEC+ production, helping to send oil prices higher

Russia, Saudi agree to extend oil cuts for as long as 6 to 9 months: Putin
Updated On : 29 Jun 2019 | 10:28 PM IST

Bill allowing US to sue Opec for inflating oil prices clears key hurdle

The law would amend the Sherman Antitrust Act of 1890, the law used more than a century ago to break up the oil empire of John Rockefeller

Bill allowing US to sue Opec for inflating oil prices clears key hurdle
Updated On : 08 Feb 2019 | 11:26 AM IST

Opec, allies struggle to pump more oil as US sanctions derail Iran supply

OPEC and its allies were considering the possibility of raising crude supplies by a further 500,000 bpd as US sanctions on Iran bite into Tehran's exports

Opec, allies struggle to pump more oil as US sanctions derail Iran supply
Updated On : 22 Sep 2018 | 10:17 PM IST

Donald Trump presses Opec to reduce oil prices as Brent nears $80

Saudi Arabia has markedly increased oil exports to America, a sign Opec's leading producer is responding to pressure from Trump

Donald Trump presses Opec to reduce oil prices as Brent nears $80
Updated On : 21 Sep 2018 | 1:26 AM IST

India to work with China against OPEC's 'Asian Premium': Pradhan

Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil, and India has been voicing its dissent against this practice

India to work with China against OPEC's 'Asian Premium': Pradhan
Updated On : 15 Apr 2018 | 5:46 PM IST

Opec should go for 'responsible pricing': Oil minister Dharmendra Pradhan

Pradhan reiterated that the OPEC should work towards 'responsible pricing'

Opec should go for 'responsible pricing': Oil minister Dharmendra Pradhan
Updated On : 08 Oct 2017 | 9:16 PM IST

India seeks alternatives to OPEC, shifts towards North American oil boom

OPEC should work responsible price, Asia should be treated equally, says Dharmendra Pradhan

India seeks alternatives to OPEC, shifts towards North American oil boom
Updated On : 23 May 2017 | 12:05 PM IST

A firm that nearly sank in 2015 is reviving activity in largest US oilfield

US oil output has jumped to 9.31 million bpd this year, up 440,000 bpd from 2016

A firm that nearly sank in 2015 is reviving activity in largest US oilfield
Updated On : 17 May 2017 | 1:51 PM IST

OPEC's war on oil overhang starts to bear fruit

Stocks of oil products are also steadily drawing down

OPEC's war on oil overhang starts to bear fruit
Updated On : 12 Apr 2017 | 2:09 AM IST

Opec oil output to come down in January: IEA

Steeper cuts would come this month as many producers move to implement the agreed reductions

Opec oil output to come down in January: IEA
Updated On : 19 Jan 2017 | 4:33 PM IST