Search Results for: OPEC

Oil prices drop as Trump asks OPEC to stabilise market

A key driver of the rise in prices has been the OPEC-Russia deal to cut oil output, compounded by collapsing Venezuelan production and the U.S. decision to end the Iran deal, National Australia Bank (NAB) said in its July outlook.

Jul 5, 2018

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan

India plans to stop oil imports from Iran by November

The step comes as a reaction to the US communication to all the countries, including India and China, to stop their oil imports from Iran.

Jun 29, 2018

crude oil prices, opec, us oil reserve, donald trump and crude oil, donald trump, saudi arabia

Crude prices edge down but these five factors will determine future course

Researchers say oil prices could average at $70-72 per barrel this year. However, they add that significant external factors can still add volatility to the oil market. They have put down the following oil market triggers that need to be watched.

May 29, 2018

Oil prices fall as Russia, US look to boost supplies

The Organization of the Petroleum Exporting Countries (OPEC), as well as other non- Opec countries started reducing supplies last year to boost oil prices, which in 2016 had fallen to under $30 per barrel.

May 28, 2018

Asian shares shaky after Trump ditches summit with North Korea

In addition to North Korea, the possibility of US tariffs on foreign auto imports are stoking worries about trade war, although investors also see this threat from Washington as a tactic to get better bilateral deals from major auto exporter nations.

May 25, 2018

Oil prices rise on worries over Venezuelan supply

The United States is actively considering oil sanctions on Venezuela, where output has dropped by a third in two years to its lowest in decades.

May 22, 2018

daily petrol price, daily diesel price, fuel prices in india, indian economy, india crude oil imports, petrol pumps, ioc, hpcl, bpcl

Oil Minister Dharmendra Pradhan says considering steps to keep fuel prices in check

Opposition leaders have criticised the Indian government for failing to rein in rising fuel prices, which is a politically-sensitive issue in the country.

May 21, 2018

Oil prices boosted by news China, U.S. put trade war 'on hold'

Analysts say there is enough supply to meet demand despite ongoing production cuts led by the Organization of the Petroleum Exporting Countries (OPEC), plunging output in crisis-struck Venezuela and looming U.S. sanctions against major oil producer Iran.

May 21, 2018

ppac march 2017 report, india crude oil import, india oil and gas sector at a glance, bpcl, hpcl, ioc, ongc, fuel stations in india

Saudi Arabia gives assurances on supply as oil hits $80 per barrel

The statement came as oil prices surged to $80 per barrel for the first time in four years due to rising concerns over disruptions to Iranian oil exports because of new U.S. sanctions. The crude oil output has also declined in Venezuela.

May 18, 2018

Nuclear deal: Kicking Iran in shins is good domestic economics for Trump

The coming of age of shale oil will insulate America against price scares for the foreseeable future

Mar 19, 2018

opec oil crude oil saudi arabia meeting november 30 output production cap india importer algeria iraq qatar russia non-opec cartel price brent nyse nymex

US shale boom could force OPEC to take action: Here's how India can benefit

The relentless rise of U.S. shale output could prompt the world's top oil producers to bring a change in their policy, according to the Paris-based IEA.

Feb 14, 2018

UK to ban sale of diesel and petrol cars from 2040

Petrol at Rs 100? How long will Great Indian fuel fleece drag on?

What happens next, with prices actually hardening and the outlook appearing daunting?

Jan 16, 2018

Upward move of crude oil price could hurt Modi's future moves

According to the Reserve Bank of India (RBI) estimates, if oil price hits high or even stays at the current level of $65 per barrel in the year through March, inflation could rise by 30 basis points.

Nov 10, 2017

India to attract Rs 19 lakh crore investment in oil sector in next 10 years: Dharmendra Pradhan

To stay abreast with country's growing energy demand, the government has set up an expert committee to receive advice on issues related to energy and plan a road-map for future.

Oct 11, 2017

oil prices, rigging equipment, oil, crude oil

US becomes India's latest crude oil supplier

"It's a new chapter in the history of Indo-US trade, and for the oil and gas sector in both the countries," IOC tweeted.

Oct 3, 2017

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