Page 19 - Opec

India to push for lower price at CERAWeek as crude oil hits $85 a barrel

India will be anchoring the international meeting, which will be attended by representatives from the world's largest oil producer, Saudi Arabia and Opec

High oil prices to hurt world economic recovery: India to OPEC

Petrol and diesel prices have shot up to record highs across the country after relentless price increases since early May.

Energy crisis threatens global economic recovery, says IEA

Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe

OPEC trims 2021 demand forecast but says gas price surge could help

Opec now expects oil demand to grow by 5.82 million barrels per day, down from 5.96 million bpd in its previous forecast

Oil hits multi-year high on OPEC+ restraint amid global energy crunch

Brent crude rose as high as $83.47

Sensex ends 446 pts higher, Nifty tops 17,800; RIL hits record high, up 2%

Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green

Oil prices edge lower in wake of jump on OPEC+ supply restraint

Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply.

Oil touches 7-year high after Opec+ sticks to plan for gradual output hike

Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day

Oil at highest since 2014 as OPEC panel advises sticking to plan

The market has tightened significantly following the economic recovery from the pandemic and supply disruption in the Gulf of Mexico due to Hurricane Ida

OPEC+ panel recommends sticking to oil output plan, sources say

A OPEC+ ministerial panel has recommended that the oil producing group stick to an existing pact to hike oil output by 400,000 barrels per day (bpd) in November

OPEC meets on output increase as oil prices rally

OPEC and its allies meet on Monday to debate how much oil to release into red hot market, where supply disruptions and recovering demand from coronavirus pandemic have pushed oil above $80 per barrel.

Saudis triumph in oil market with comeback from Covid-19 crisis

Eighteen months after slashing crude production during the pandemic, Riyadh is set to pump at almost pre-Covid levels of 9.8 million barrels a day this month

OPEC+ considers options for releasing more oil to the market: Sources

The nearest month any increase could occur is November since OPEC+'s last meeting decided the October volumes

Opec says India will be hooked on oil for years to come

Opec meets almost 71% of India's crude oil requirements

Oil will be world's No. 1 energy source for decades, says OPEC

OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries

OPEC forecasts crude oil demand rebound before post-2035 plateau

Oil use will rise by 1.7 million barrels per day in 2023 to 101.6 million bpd, OPEC said its 2021 World Oil Outlook

As OPEC reopens the taps, African giants losing race to pump more

The oil not pumped is worth hundreds of millions of dollars.

OPEC nations warn of oil market turbulence from gas crisis

Iraq expects higher demand for crude as the shortfall of gas forces consumers to look for alternative fuels, Oil Minister Jabbar said

OPEC sees stronger demand for its crude oil this year and next

The latest data from the group indicate that the world will continue to face an oil supply deficit in the coming months even as its members revive idle production.

Saudis cut oil prices to woo buyers as OPEC+ boosts supply

State producer Saudi Aramco is rolling back pricing on all of its grades to its biggest market in Asia.