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Page 11 - Opec

Oil prices at 6-week low as China readies for crude oil reserve release

Brent crude was down 41 cents, or 0.5%, to $79.87 a barrel by 0712 GMT, after earlier dropping to $79.60, the lowest since Oct. 7

Oil prices at 6-week low as China readies for crude oil reserve release
Updated On : 18 Nov 2021 | 1:11 PM IST

Explainer: What is the SPR, the emergency oil stash Joe Biden may tap?

Such a move may not have a long-term impact on dampening U.S. oil prices that hit a seven-year high above $85 a barrel in late October, analysts say

Explainer: What is the SPR, the emergency oil stash Joe Biden may tap?
Updated On : 18 Nov 2021 | 7:56 AM IST

India advises against sales of oil reserves at Adipec conference

The world's biggest oil and gas companies and many OPEC+ energy ministers are in Abu Dhabi this week for Adipec

India advises against sales of oil reserves at Adipec conference
Updated On : 17 Nov 2021 | 2:10 AM IST

Oil gains as supply concerns re-emerge after OPEC+ output plan

Sentiment also gained from data showing US employment rising more than expected in October

Oil gains as supply concerns re-emerge after OPEC+ output plan
Updated On : 06 Nov 2021 | 12:12 AM IST

OPEC allies rebuff US calls for speedier increases in oil output

The White House said Washington would consider a full range of tools at its disposal to guarantee access to affordable energy.

OPEC allies rebuff US calls for speedier increases in oil output
Updated On : 05 Nov 2021 | 8:27 AM IST

Oil prices rise ahead of OPEC+ meeting; US stocks rise more than expected

Brent futures and US West Texas Intermediate crude pared losses of more than 1%

Oil prices rise ahead of OPEC+ meeting; US stocks rise more than expected
Updated On : 04 Nov 2021 | 4:43 PM IST

Oil drops on China fuel reserves release; OPEC+ meeting in view

Brent crude futures dropped 46 cents, or 0.6%, to $83.26 a barrel by 0746 GMT

Oil drops on China fuel reserves release; OPEC+ meeting in view
Updated On : 01 Nov 2021 | 2:02 PM IST

As oil races toward $100, India, US and Japan tell OPEC+ enough is enough

Behind closed doors, an intense campaign is being waged to persuade OPEC+ to speed up its output increases, according to multiple diplomats and industry insiders

As oil races toward $100, India, US and Japan tell OPEC+ enough is enough
Updated On : 30 Oct 2021 | 8:17 AM IST

Oil prices rebound, edge up ahead of next week's OPEC meeting

Brent and US crude oil benchmarks both declined on the week after reaching multi-year highs on Monday

Oil prices rebound, edge up ahead of next week's OPEC meeting
Updated On : 30 Oct 2021 | 3:51 AM IST

Oil benchmarks settle at highest since 2014 on global supply shortage

Analysts expect the latest weekly US oil inventory data to show a 1.9 million-barrel build in crude stocks

Oil benchmarks settle at highest since 2014 on global supply shortage
Updated On : 27 Oct 2021 | 1:35 AM IST

Oil prices slip after hitting seven-year high on surprise stockpiles drop

Crude inventories at the key storage hub of Cushing slid by 2.32 million barrels to the lowest level since 2018

Oil prices slip after hitting seven-year high on surprise stockpiles drop
Updated On : 22 Oct 2021 | 1:10 AM IST

India talks tough at CERAWeek, pushes for lowering of crude oil price

High crude prices have made India rethink its energy transition strategy

India talks tough at CERAWeek, pushes for lowering of crude oil price
Updated On : 21 Oct 2021 | 2:02 AM IST

India to push for lower price at CERAWeek as crude oil hits $85 a barrel

India will be anchoring the international meeting, which will be attended by representatives from the world's largest oil producer, Saudi Arabia and Opec

India to push for lower price at CERAWeek as crude oil hits $85 a barrel
Updated On : 18 Oct 2021 | 10:38 PM IST

High oil prices to hurt world economic recovery: India to OPEC

Petrol and diesel prices have shot up to record highs across the country after relentless price increases since early May.

High oil prices to hurt world economic recovery: India to OPEC
Updated On : 18 Oct 2021 | 7:10 PM IST

Energy crisis threatens global economic recovery, says IEA

Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe

Energy crisis threatens global economic recovery, says IEA
Updated On : 15 Oct 2021 | 11:06 AM IST

OPEC trims 2021 demand forecast but says gas price surge could help

Opec now expects oil demand to grow by 5.82 million barrels per day, down from 5.96 million bpd in its previous forecast

OPEC trims 2021 demand forecast but says gas price surge could help
Updated On : 13 Oct 2021 | 11:31 PM IST
Updated On : 06 Oct 2021 | 5:57 PM IST

Sensex ends 446 pts higher, Nifty tops 17,800; RIL hits record high, up 2%

Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green

Sensex ends 446 pts higher, Nifty tops 17,800; RIL hits record high, up 2%
Updated On : 05 Oct 2021 | 3:48 PM IST

Oil prices edge lower in wake of jump on OPEC+ supply restraint

Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply.

Oil prices edge lower in wake of jump on OPEC+ supply restraint
Updated On : 05 Oct 2021 | 8:40 AM IST

Oil touches 7-year high after Opec+ sticks to plan for gradual output hike

Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day

Oil touches 7-year high after Opec+ sticks to plan for gradual output hike
Updated On : 05 Oct 2021 | 1:56 AM IST