Page 3 of OPEC

Further cuts by Opec+

Saudi-led cartel faces the prospect of flagging oil prices and glut in global supplies

June 7, 2023 04:15 IST

Crude oil prices tick down with OPEC meeting in rear view

Brent crude futures were down 23 cents, or 0.3%, at $76.48 a barrel at 0020 GMT.

Updated: June 6, 2023 07:26 IST

OPEC, Explainer, oil output, washington, global demand

EXPLAINER-Why is OPEC+ cutting oil output?

OPEC+ has criticised the International Energy Agency, the West’s energy watchdog for which the United States is the biggest financial…

June 5, 2023 17:20 IST

Crude oil prices tanked 10% since start of year; crude to be range-bound, take positions near support or resistance

Crude oil prices have tanked 10% since the start of the year, as OPEC+ becomes the de facto leader of…

May 28, 2023 12:03 IST

Crude oil prices correcting on recession fears; wait for bottom around Rs 5600/bbl before taking fresh positions

Crude oil prices are correcting on recession-based fears. The recent rally of about 6-85 was expected based on past trends,…

May 14, 2023 09:34 IST

crude oil, crude oil import, oil demand,

India’s imports from OPEC at all-time low as Russian oil buy peaks

From a market share of less than 1 per cent in India’s import basket before the start of the Russia-Ukraine…

May 7, 2023 12:14 IST

Crude oil prices rebound after recession fear, Russia exports fuelled earlier losses

Brent crude was trading at $78.04 a barrel, up 35 cents, or 0.45%, at 0039 GMT. U.S. West Texas Intermediate…

Updated: April 27, 2023 07:18 IST

oil, oil prices, oil investors, opec, equity oil,

India’s interests in equity oil

India started investing in oil assets abroad in the 1990s. Some of these earn dividends, while other investments are for…

April 27, 2023 04:45 IST

oil prices, stockpile, US slowdown, crude oil, US economy, profits, refiners, OPEC+, production cuts, demand

Oil extends drop as US slowdown concerns eclipse stockpile draw

In Asia, meanwhile, gasoline markets are showing signs of weakness as profits from producing the fuel slump. Diesel is also…

April 20, 2023 11:51 IST

oil prices, oil demand, OPEC+ production, supply cut, growth, market tightness, demand outlook, diesel, crude, exports, imports, monetary policy

Oil slides lower as supply-cut led price rally continues to fade

Many market watchers are betting China’s rebound from Covid-19 restrictions will lead to price gains over the rest of the…

April 18, 2023 16:21 IST

OPEC’s control on oil prices may last till 2040: Experts

Oil prices rising by $5 on the production cut decision of OPEC and its allies earlier this month suggests the…

April 18, 2023 01:30 IST

Crude oil inches up, weighing OPEC+ supply cuts against rate hike fears

Investors were awaiting a slate of reports on inflation, oil demand and supply due this week that could give the…

Updated: April 11, 2023 07:27 IST

Aramco to supply full volumes to Asia despite OPEC+ oil cuts: Sources

The steady supply comes even as the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, surprisingly…

Updated: April 10, 2023 08:42 IST

Opec+ shock

The cartel has greater control over global oil market and will exercise pricing power

April 6, 2023 04:15 IST

Crude oil edges up as OPEC cuts, US inventories brighten outlook

Helping boost oil prices was an industry report showing that U.S. crude stocks fell by about 4.3 million barrels in…

Updated: April 5, 2023 08:42 IST

Asia stocks wobble as OPEC+ output cuts, weak US data raise uncertainty

An announcement on Sunday of output target cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies,…

Updated: April 4, 2023 09:19 IST

Crude oil jumps $5/bbl as surprise OPEC+ output cuts jolt markets

Brent crude hit the highest in nearly a month at the open, trading at $84.95 a barrel by 0039 GMT,…

Updated: April 3, 2023 07:28 IST

Crude oil regains a bit of ground as Credit Suisse secures lifeline

As of 0427 GMT, Brent crude futures were up 58 cents or 0.8% to $74.27 per barrel. West Texas Intermediate…

Updated: March 16, 2023 11:19 IST

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