By Teji Mandi
Saudi Arabia’s decision to reduce crude production will help OPEC+ (includes OPEC members along with Russia) to manage the inventory effi...Read More
By Teji Mandi
Government hints at increased public spending: The government could look to increase its public spending with higher budgetary allocation...Read More
By Agencies
Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly ...Read More
By Agencies
The Covid-19 disruptions have changed the structure of the country's oil and gas sector with the share of OPEC crude in Indian oil import...Read More
By Xinhua
The Organization of the Petroleum Exporting Countries (OPEC) predicts that global oil demand will register a historic high growth of seve...Read More
By IANS
The benchmark Brent crude oil is at around $27 per barrel. The June contract on the Intercontinental Exchange (ICE) is trading at $26.89 ...Read More
By Agencies
Shares were mixed in Europe and Asia on Thursday following a rally on Wall Street and a slight recovery in oil prices.
By Agencies
Asian shares rose moderately on Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero.
By IANS
Just days after the rout in the WTI crude prices in the US, Brent crude has slumped below the levels recorded after the 9/11 terrorist at...Read More
By Agencies
The Trump administration on Tuesday ordered Chevron Corporation to "wind down" operations in Venezuela by December 1, barring the Califor...Read More
By Agencies
President Donald Trump said Monday the United States would take advantage of the historic drop in oil prices to replenish its national st...Read More
By Agencies
Oil prices rose Tuesday after US President Donald Trump said producers are considering cutting 20 million barrels per day -- more than do...Read More
By Agencies
International crude oil prices surged on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies includi...Read More
By Agencies
During a virtual summit held by G20 energy ministers on Friday top oil producers struggled to finalise production cuts, despite US Presid...Read More
By Agencies
A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 mill...Read More
By Agencies
Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said Friday, after marathon ta...Read More
By Agencies
Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said on Friday, after marathon...Read More
By Agencies
OPEC and other oil producers were set to debate on Thursday oil cuts as big as 20 million barrels per day (bpd), equivalent to about 20 p...Read More
By Agencies
Crude oil inventory in the US rose by 15.2 mln barrels to 484.4 mln bbl in the week ended Friday, data from the country's Energy Informat...Read More
By Agencies
Oil prices rebounded on Tuesday on fresh hopes an OPEC-led meeting this week will reach an agreement to reduce oversupply and shore up th...Read More