Page 2 - Oil Policy

OPEC+ resumes talks on 2021 policy amid discord on how to tackle oil demand

OPEC and Russia resume talks in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a compromise on how to tackle weak oil demand amid a second Covid wave

Crude oil glut likely to overshadow any OPEC+, US policy shifts

S&P Global Platts Analytics slashed its 2021 oil consumption outlook by 700,000 barrels per day (b/d) recently and now predicts oil demand growth of 5.8 million b/d in 2021

Gold prices rises 1% as global recession fears trigger flight to safety

US retail sales plunged 8.7% last month, the biggest decline since the government started tracking the series in 1992, while manufacturing output fell by the most in 74 years

Global deal to cut oil production in sight after Mexico signs up

Even more countries, including the US, were discussing Friday their own cuts in what would be an unprecedented global pact to stabilise the market.

Budget 2020 Wishlist: Here are the key challenges for oil and gas sector

Resolving gas transmission and distribution infrastructure constraints are one of the industry's key demands

Oil regulator to rationalise gas pipeline tariff by aligning transport cost

In the tender inviting bids, it said the consultant will also review current regulations and draft of new proposed regulations

Govt set to lift price restrictions on all locally produced natural gas

A panel led by the Niti Aayog vice chairman has also suggested free-market pricing for natural gas produced from all fields to boost domestic output

The brave new world of ample oil

The shift from scarcity to abundance has been brought about in an astonishingly short time by America's "fracking" revolution, leading to massive benefits for consuming countries

Putin says Russia and Saudi Arabia will maintain oil cuts for 6-9 months

The current version of the deal by the so-called Opec+ coalition calls for production cuts of 1.2 million barrels a day

Producers get pricing freedom in govt's new rules for oil, gas exploration

New rules will be largely applicable on 19 basins and on future licensing rounds, says Dharmendra Pradhan.