Oil prices rise as Saudi Arabia announces output cuts
London, June 5 (IANS) Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices, the media reported on Monday....
Tag : OPEC
Higher oil prices could tip the world economy into a recession: IEA
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London, Oct 13 (IANS) Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the...
‘India will buy oil from wherever it wants’: Hardeep Singh Puri
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Union Petroleum and Natural Gas Minister Hardeep Singh Puri has said that India will buy crude oil from whichever country it wanted in regards to...
Halting investments in fossil fuels ‘wrongheaded’, warns OPEC
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New Delhi, Sep 29 (IANS) OPEC’s latest World Oil Outlook warns that failure to keep investing in fossil fuels could risk geopolitical instability, Al Jazeera reported....
OPEC allows Russia, Kazakhstan to raise output
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Moscow, Jan 6 (IANS) The Organization of Petroleum Exporting Countries (OPEC) and non-bloc producers agreed to allow Russia and Kazakhstan to slightly raise oil output in...
India need not fear oil shortage: UAE envoy
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New Delhi, July 18 Even as the US-imposed sanctions on Iran has put India’s energy security in jeopardy, UAE Ambassador to India Ahmed Albanna has...
OPEC, non-OPEC oil producers to jointly boost oil output
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Vienna, June 25 (IANS) OPEC and non-OPEC oil producers on Saturday agreed to jointly increase oil production. The meeting between OPEC and non-OPEC oil producers including...
Oil prices drop amid rising supplies
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New York, Nov 18 Oil prices fell on Tuesday as market expected that the US supplies continued to expand. The US energy Information Administration (EIA)...