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Page 26 - Opec

OPEC, allies agree to keep oil production cuts unchanged, prices jump

Under the deal, non-OPEC countries Russia and Kazakstand can make small production increases

OPEC, allies agree to keep oil production cuts unchanged, prices jump
Updated On : 05 Mar 2021 | 12:25 AM IST

Will look at alternate energy if OPEC+ doesn't fix crude shortage: Pradhan

Recalls India's support to oil producing nations when global demand collapsed last May, and OPEC's promise to sustain normal supply when things got better

Will look at alternate energy if OPEC+ doesn't fix crude shortage: Pradhan
Updated On : 05 Mar 2021 | 12:24 AM IST

Government urges OPEC+ to fulfill promise of stable oil prices

Retail petrol and diesel prices have been going through the roof

Government urges OPEC+ to fulfill promise of stable oil prices
Updated On : 04 Mar 2021 | 5:54 PM IST

India asks OPEC+ to fulfill promise of price stability: Dharmendra Pradhan

Pradhan said at the CERAWeek conference by IHS Markit that India, where fuel demand is recovering to pre-pandemic levels, would like to rely on reasonable and responsible oil prices

India asks OPEC+ to fulfill promise of price stability: Dharmendra Pradhan
Updated On : 04 Mar 2021 | 7:14 AM IST

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover
Updated On : 03 Mar 2021 | 11:19 PM IST

OPEC+ are considering oil output roll over for April: Report

OPEC+ ministers hold a full meeting on Thursday

OPEC+ are considering oil output roll over for April: Report
Updated On : 03 Mar 2021 | 8:54 PM IST

OPEC oil has advantage over US shale during Covid pandemic recovery

Organization of the Petroleum Exporting Countries and allies, known as OPEC+, has more than 7 million barrels of daily oil output sitting in reserve

OPEC oil has advantage over US shale during Covid pandemic recovery
Updated On : 03 Mar 2021 | 12:15 PM IST

Oil falls to two-week lows as OPEC+ nations seen easing supply curbs

OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia

Oil falls to two-week lows as OPEC+ nations seen easing supply curbs
Updated On : 03 Mar 2021 | 6:51 AM IST

Oil slips on fears over higher OPEC supply, slower China demand

Brent crude dropped 14 cents or 0.2% to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day

Oil slips on fears over higher OPEC supply, slower China demand
Updated On : 03 Mar 2021 | 12:47 AM IST

Oil steady before OPEC+ talks on supply amid economic recovery

OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia

Oil steady before OPEC+ talks on supply amid economic recovery
Updated On : 02 Mar 2021 | 10:35 PM IST

OPEC president says oil market rebalancing, pandemic still a risk

OPEC and other key exporters such as Russia, a grouping dubbed OPEC+, meet on Thursday and are expected to discuss allowing as much as 1.5 million barrels per day (bpd) back into the market

OPEC president says oil market rebalancing, pandemic still a risk
Updated On : 02 Mar 2021 | 9:49 PM IST

Oil extends losses on worry over possible supply increase from OPEC

The group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market

Oil extends losses on worry over possible supply increase from OPEC
Updated On : 02 Mar 2021 | 7:37 AM IST

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting

At 8.48 pm (IST), Brent crude was trading at $64.65 a barrel, up 0.36 per cent

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting
Updated On : 01 Mar 2021 | 11:45 PM IST

Oil drops on dollar strength and OPEC+ supply expectations

NEW YORK (Reuters) - Oil prices fell on Friday as the U.S. dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels.

Oil drops on dollar strength and OPEC+ supply expectations
Updated On : 27 Feb 2021 | 5:23 AM IST

Oil prices drop on dollar strength, hopes of rise in OPEC+ supply

Brent crude futures for April, which expire on Friday, fell 74 cents, or 1.1%, to $66.14 a barrel

Oil prices drop on dollar strength, hopes of rise in OPEC+ supply
Updated On : 27 Feb 2021 | 12:33 AM IST

Crude oil's fate could be in hands of commodity supercycle

OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle

Crude oil's fate could be in hands of commodity supercycle
Updated On : 25 Feb 2021 | 9:56 AM IST

OPEC+ to weigh modest oil output boost at meeting: Report

LONDON/MOSCOW (Reuters) - OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.

OPEC+ to weigh modest oil output boost at meeting: Report
Updated On : 25 Feb 2021 | 3:42 AM IST

Oiling the recovery

Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India

Oiling the recovery
Updated On : 19 Feb 2021 | 10:06 PM IST

Oil hits 13-months highs on fears of tensions in the Middle East

Oil prices have rallied over recent weeks also as supplies tighten

Oil hits 13-months highs on fears of tensions in the Middle East
Updated On : 15 Feb 2021 | 2:57 PM IST

Oil prices ease after record rally as OPEC, IEA fret about demand

Brent futures fell 33 cents, or 0.5%, to settle at $61.14 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 44 cents, or 0.8%, to settle at $58.24.

Oil prices ease after record rally as OPEC, IEA fret about demand
Updated On : 12 Feb 2021 | 3:52 AM IST