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Page 39 - Opec

What happens if there is no Opec? It won't be a paradise for sure

If the No Oil Producing and Exporting Cartels Act is able to work its way through US Congress and becomes a law, oil may get cheaper in America and elsewhere for a while but not for too long

What happens if there is no Opec? It won't be a paradise for sure
Updated On : 22 Jul 2018 | 3:31 PM IST

Opec prefers stable prices, working on spare capacity building: Opec prez

The fluctuations will continue as long as there is no long-term plan for production

Opec prefers stable prices, working on spare capacity building: Opec prez
Updated On : 12 Jul 2018 | 8:04 AM IST

Global trade tensions could have a negative impact on the oil market: Opec

Opec said buoyant world trade in 2017 and 2018 had helped impulse economic growth, and therefore demand for crude

Global trade tensions could have a negative impact on the oil market: Opec
Updated On : 11 Jul 2018 | 7:59 PM IST

Donald Trump tweets, Saudis scramble: Here's how the US steers the Opec

Opec has been a punching bag for US politicians since the 1970's

Donald Trump tweets, Saudis scramble: Here's how the US steers the Opec
Updated On : 01 Jul 2018 | 9:51 PM IST

Donald Trump accuses Opec of manipulating oil market, warns Europe on Iran

Opec better stop it because we're protecting those countries, says Trump

Donald Trump accuses Opec of manipulating oil market, warns Europe on Iran
Updated On : 01 Jul 2018 | 9:49 PM IST

Iran, Opec and the politics of oil

The oil cartel's decision to maintain the production ceiling at its 2016 level will ensure shortfalls in supply and high oil prices in the foreseeable future

Iran, Opec and the politics of oil
Updated On : 01 Jul 2018 | 10:09 AM IST

Opec supply buffer shrinks as it heeds call to pump more crude oil

Those reserves will shrink as the group implements the 1 million-barrel-a-day supply boost pledged in Vienna last week

Opec supply buffer shrinks as it heeds call to pump more crude oil
Updated On : 29 Jun 2018 | 1:02 PM IST

OPEC and its allies agree to oil supply boost in victory for Saudis, Russia

Group will add as much as 700,000 barrels per day of crude to the market

OPEC and its allies agree to oil supply boost in victory for Saudis, Russia
Updated On : 23 Jun 2018 | 11:23 PM IST

Opec, Russia to raise oil output, Saudi pledges 'measurable' supply boost

Opec and non-Opec said in their statement that they would raise supply by returning to 100 per cent compliance with previously agreed output cuts, after months of underproduction

Opec, Russia to raise oil output, Saudi pledges 'measurable' supply boost
Updated On : 23 Jun 2018 | 10:06 PM IST

Opec, allies to increase oil production by 500,000 bpd after new deal: Iran

Saudi Arabia said the increase would amount to less than 1 million bpd, while Iraq said it would be around 770,000 bpd

Opec, allies to increase oil production by 500,000 bpd after new deal: Iran
Updated On : 23 Jun 2018 | 3:34 PM IST

Indian oil companies to gain from higher Opec output

After the decision, Brent crude oil prices were seen at $74.11 a barrel, up 1.45% from the previous day

Indian oil companies to gain from higher Opec output
Updated On : 23 Jun 2018 | 2:16 AM IST

Opec agrees to oil-output boost after reaching last-minute Iran compromise

The accord is a much-needed show of unity from the Organization of Petroleum Exporting Countries and allies including Russia

Opec agrees to oil-output boost after reaching last-minute Iran compromise
Updated On : 22 Jun 2018 | 7:43 PM IST

Opec meet, US-China trade spat make oil prices climb as uncertainty looms

Oil prices rose by more than 1 per cent in early Asian trading on Friday

Opec meet, US-China trade spat make oil prices climb as uncertainty looms
Updated On : 22 Jun 2018 | 10:56 AM IST

Opec's biggest challenge: To pump more oil and keep deal in place

Iran has so far been the main barrier to a new pact, objecting to US calls for increased output

Opec's biggest challenge: To pump more oil and keep deal in place
Updated On : 22 Jun 2018 | 10:56 AM IST

India urges Opec to fill supply gap and ensure sustainable oil prices

Indian oil minister Dharmendra Pradhan said currently high oil prices dent the economic development of many countries

India urges Opec to fill supply gap and ensure sustainable oil prices
Updated On : 22 Jun 2018 | 10:55 AM IST

Ahead of crucial Opec meet, rift deepens as Iran stages walkout

The talks were meant to lay the groundwork for Friday's gathering of the 14-nation Organisation of Petroleum Exporting Countries (Opec)

Ahead of crucial Opec meet, rift deepens as Iran stages walkout
Updated On : 22 Jun 2018 | 10:55 AM IST

Iran's approval will be key as Opec edges closer to raising oil output

Russia has proposed producers raise output by 1.5 million bpd

Iran's approval will be key as Opec edges closer to raising oil output
Updated On : 21 Jun 2018 | 9:30 PM IST

Going against Iran: Russia and Saudi Arabia push for oil output jump

Opec's de facto leader, Saudi Arabia, and non-member Russia have proposed gradually relaxing production cuts - in place since the start of 2017

Going against Iran: Russia and Saudi Arabia push for oil output jump
Updated On : 20 Jun 2018 | 2:46 AM IST

Iran backs Venezuela, Iraq, will veto Saudi move to hike Opec crude output

OPEC members are set to meet later this week in Vienna to discuss the proposal by Saudi Arabia to end the OPEC/non-OPEC deal

Iran backs Venezuela, Iraq, will veto Saudi move to hike Opec crude output
Updated On : 19 Jun 2018 | 10:28 PM IST

Three OPEC members to veto Saudi-proposed oil supply boost plan: Iran

Iran's comments show that OPEC members are set to clash when they meet later this week in Vienna to discuss the proposal to end global output cuts

Three OPEC members to veto Saudi-proposed oil supply boost plan: Iran
Updated On : 18 Jun 2018 | 9:39 AM IST