Page 8 - Opec

India's oil demand likely to jump 8% to 5.15 mn barrels per day in 2022

India's oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth

Oil prices slide by about $4 per barrel, extending last week's decline

Oil prices extended last week's decline to fall by about $4 a barrel during early trade on Monday after a US official said Russia was showing signs of willingess to have negotiations over Ukraine

Oil rises but set for weekly loss as traders assess supply disruptions

US President Joe Biden said the G7 industrialized nations will revoke Russia's 'most favored nation' trade status, and announced a US ban on Russian seafood, alcohol and diamonds

Oil edges back up despite Putin's pledge to honour supply commitments

Since Russia's February 24 invasion of Ukraine, oil markets have been the most volatile in two years, with global benchmark Brent crude recording its biggest decline since April, 2020

Oil jittery as market weighs OPEC filling Russia supply gap

Uncertainty over where and when supply will come from to replace crude from the world's second-largest exporter Russia in a tight market has led to wide-ranging forecasts for oil prices

Oil prices rises as market weighs OPEC filling Russia supply gap

Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia

Global oil prices fall most in 2 years as UAE supports output hike

Global oil prices fell on Wednesday by the most in nearly 2 years after OPEC member the UAE said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia

Oil slides 7% as UAE calls for OPEC boost amid Russian supply shock

Prices hit session lows after the Financial Times reported Yousef al-Otaiba, the UAE's ambassador to Washington, said the country favours increasing production

Oil hits almost decade high of $119 before Iran throttles the rally

Analyst says Iran deal can't replace Russia disruptions; OPEC and its allies have snubbed calls to accelerate output rises

Russia-Ukraine crisis: Brent crude tops $121 a barrel, wheat at 24-yr high

In India, MCX crude futures for March 21 delivery hit an all-time high of $8,274 a barrel.

OPEC+ trims 2022 oil market surplus forecast in latest data: Report

OPEC+ revised down its forecast for an oil market surplus this year by about 200,000 barrels per day to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters

Oil's journey from worthless in the pandemic to $100 a barrel: An analysis

Benchmark Brent crude futures hit $100 a barrel on Wednesday for the first time since 2014 as Russian President Vladimir Putin ordered military operations in Ukraine

Saudi's crude oil production exceeds 10 million bpd in Dec; exports dip

Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to JODI

Crude oil prices to remain in nervous 90s for now

Crude oil prices surged 10% in the past month. Business Standard's Puneet Wadhwa speaks to Paul Hickin, a director at S&P Global Platts, on how crude oil prices will play out in the days to come

OPEC sees upside to 2022 oil demand forecast on strong pandemic recovery

OPEC leaves 2022 oil demand growth forecast steady, keeps Q3 demand forecast at 100 mln bpd

Oil prices take a breather, OPEC+ sticks to moderate output increases

U.S. private payrolls fell for the first time in a year in January, raising the risk of a sharp decline in employment that would deal a temporary setback to the labour market.

Oil edges higher as OPEC+ keeps to steady supply bump, US stockpiles draw

Brent crude ended settling up 31 cents to $89.47 a barrel, while U.S. West Texas Intermediate crude gained 6 cents to $88.26 a barrel.

Oil rises near seven-year high as OPEC+ sticks to output plan amid pressure

A source told Reuters that OPEC+ agreed to increase oil production by 400,000 bpd from March after a short meeting

OPEC+ decides oil output amid concern over Russia, Ukraine

Higher oil prices are sending reverberations throughout the global economy in terms of higher consumer inflation in the U.S. and Europe and costlier fuel for heating, flying and driving

Oil climbs toward 7-year highs on US stock draw, eyes on OPEC+ move

Tight global supplies and geopolitical tensions in Eastern Europe and the Middle East have boosted oil prices by about 15% so far this year