Oil Policy

OPEC+ should get due recognition for constructive role: Secretary General

The main message from the OPEC+ panel that met last Wednesday was that the group would stay the course until the end of the agreement in 2023

Oil's new map: How India turns Russian crude into fuel for the West

The Asian nation's importance is expected to expand after fresh European Union sanctions on Russian petroleum exports take effect Sunday

Oil mixed amid weak China economic data, sustained hopes for 2023

Oil prices were mixed on Tuesday after China posted its weakest economic growth in nearly half a century, while its late-22 U-turn in Covid policy

India continues with Russian oil buys, cuts shipments from Saudi

Saudi Arabia's decline in India's oil market has coincided with Russia's rise, and ironically occurred amid growing diplomatic ties between Riyadh and New Delhi

Consortium of Indian oil companies to acquire 10% stake in UAE's ADNOC

The consortium is led by ONGC Videsh Ltd (OVL) and includes companies like Indian Oil Corporation Ltd (IOCL), Bharat PetroResources Ltd (BPRL) and Oil India Ltd (OIL)

Decoded: What is windfall tax on oil companies and where does India stand?

If a windfall tax is imposed in India, it will not only be aimed at private companies like Reliance, but also at state-owned behemoths

Oil prices rise to highest level in a month as Omicron concern eases

US airlines cancel more than 1,000 flights on Sunday; British minister says no new Covid curbs for England in 2021

Oil rises with investors weighing demand risk from Omicron variant

Crude's rally from the depths of the pandemic has run into considerable headwinds with Omicron's spread

Oil prices head for weekly loss on Omicron variant uncertainty

Brent and WTI are both headed for a 1.4 per cent loss this week

Oil prices edge higher on strong consumer demand, inventory declines

Prices had been pressured most of the day due to ongoing concerns that supply growth will outpace demand next year

Oil producers artificially adjusting supply leading to price rise: Govt

India last month agreed to release five million barrels of crude oil from its Strategic Petroleum Reserves

OPEC upbeat on 2022 oil demand, says Omicron impact to be mild

OPEC raises first-quarter 2022 demand forecast by 1.11 mbpd, sees demand at 100 mbpd in Q3 2022, as previously forecast

Oil down as China developer downgrades add to fears of demand outlook

On Thursday, ratings agency Fitch downgraded property developers China Evergrande Group and Kaisa Group to "restricted default" status

Oil edges higher on waning fears of Omicron variant's effects

Brent crude futures settled at $75.82, up 38 cents, or 0.5%. U.S. West Texas Intermediate crude ended at $72.36 a barrel, up 31 cents or 0.4%

Companies bid $192 million in 1st Gulf oil sale under Biden

Energy companies including Shell, BP, Chevron and ExxonMobil offered a combined $192 million for drilling rights on federal oil and gas reserves in the Gulf of Mexico on Wednesday.

OPEC+ to resume oil policy talks on Monday after UAE roadblock

LONDON/DUBAI/MOSCOW (Reuters) -OPEC+ will resume talks on Monday after failing to reach a deal on oil output policy for a second day running on Friday because the United Arab Emirates blocked some aspects of the pact.

Monetise reserves or get set for auction: Oil minister Pradhan to ONGC, OIL

Speaking at BNEF Summit on Tuesday, Pradhan said the two state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas

Monetise reserves or get set for auction: Oil minister Pradhan to ONGC, OIL

Speaking at BNEF Summit on Tuesday, Pradhan said the two state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas

Turbocharge upstream oil & gas sector to hasten India's post-Covid recovery

The companies could be asked to commit to channeling the tax relief into boosting production from ageing fields, which would yield longer-term dividend for the government coffers

OPEC+ sticks with oil policy as prices rise towards one-year high

Oil prices extended gains on Wednesday after the meeting ended and benchmark Brent crude traded as high as $58.74 a barrel, the highest since late February 2020