Business Standard

Friday, December 20, 2024 | 06:17 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Opec Oil Deal

Oil prices recoup losses after OPEC upgrades China demand outlook

The Organization of the Petroleum Exporting Countries (OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country's COVID-19 curbs

Oil prices recoup losses after OPEC upgrades China demand outlook
Updated On : 15 Mar 2023 | 2:51 PM IST

Oil prices climb as dollar slumps, OPEC+ keeps output cut policy

Oil prices rebounded on Thursday after tumbling in the previous session as a weaker dollar brought back some appetite for risk assets and the OPEC+ decision

Oil prices climb as dollar slumps, OPEC+ keeps output cut policy
Updated On : 02 Feb 2023 | 10:10 AM IST

With oil market in limbo, here's how analysts see things playing out

If there's no increase in production, then oil at $85 to $90 a barrel is on the cards, Fereidun Fesharaki, chairman of industry consultant FGE, said in a Bloomberg TV interview

With oil market in limbo, here's how analysts see things playing out
Updated On : 06 Jul 2021 | 3:53 PM IST

India again urges OPEC to phase out oil output cuts

India, the world's third-biggest oil importer and consumer, relies on overseas supplies for over 80% of its oil needs.

India again urges OPEC to phase out oil output cuts
Updated On : 24 Jun 2021 | 8:09 PM IST

India is saddened by Opec+ decision to continue cutting production: Pradhan

After the Opec decision, one million barrels per day of crude oil production from Saudi Arabia will remain in place at least through April.

India is saddened by Opec+ decision to continue cutting production: Pradhan
Updated On : 06 Mar 2021 | 12:57 AM IST

Oil steadies below $52 as US' $900 bn stimulus counters weak demand

Brent crude was up 6 cents, or 0.1%, at $51.35 a barrel at 1450 GMT, after trading as high as $52.02 earlier in the session

Oil steadies below $52 as US' $900 bn stimulus counters weak demand
Updated On : 28 Dec 2020 | 9:13 PM IST

OPEC, Russia to extend record oil cuts until end of July: Draft deal

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.

OPEC, Russia to extend record oil cuts until end of July: Draft deal
Updated On : 06 Jun 2020 | 8:41 PM IST

Opec, Russia meet to extend record oil supply cuts, push for compliance

An extension to cuts was contingent on high compliance, three Opec sources told Reuters

Opec, Russia meet to extend record oil supply cuts, push for compliance
Updated On : 06 Jun 2020 | 8:37 AM IST

Oil jumps as Opec, Russia agree to end price war in a record deal

The meeting between Opec producers and allies was held on Sunday via videoconference in a last effort to establish a deal

Oil jumps as Opec, Russia agree to end price war in a record deal
Updated On : 13 Apr 2020 | 8:21 AM IST

Saudi oil minister hopes Opec, allies will ease output cuts in 2019

The Organization of the Petroleum Exporting Countries is reducing output by about 1.2 million barrels per day as part of a deal with Russia

Saudi oil minister hopes Opec, allies will ease output cuts in 2019
Updated On : 24 Feb 2018 | 2:24 PM IST