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Tag: Opec

OPEC Agreement On Tapering Production Cuts Spells Good News For India

Benchmark Brent crude touched two year high level of $77 a barrel just couple of weeks back. It had since then softened a bit to stay around $73 a barrel now.

Crude Oil Prices Surge On Hopes Of Supply Cap By 'OPEC+'
Crude Oil Prices Surge On Hopes Of Supply Cap By 'OPEC+'

New Delhi: Crude oil prices surged on Monday on expectations that ‘OPEC+’, the cartel of Organisation of the Petroleum Exporting Countries (OPEC) and its allied oil producing nations would limit the oil output at the current levels. Brent crude crossed the $53 per barrel mark and touched a multi-month high of $53.17 a barrel. It […]

International Crude Oil Prices Decline After Trump Tests COVID-19 Positive
India faces challenge to replace Iran oil: Report

Mumbai:India depends on Iran for nearly 10 per cent of its oil requirements, with the US sanction drying this source by May 2, the country’s macroeconomic situation may go for a tailspin if an alternative is not found immediately. India will have to increase its dependence on oil imports from OPEC nations such as Saudi […]

Dharmendra Pradhan to take up crude price issue at OPEC Vienna meet

New Delhi: Petroleum Minister Dharmendra Pradhan will raise India’s concerns about rising crude oil prices at the meeting of the Organisation of Petroleum Exporting Countries (OPEC) to be held in Vienna later this month, the Minister said on Monday. Briefing reporters here on the sidelines of the Growth Net conclave organised by industry chamber CII, […]