Page 4 of OPEC

Crude price may hit $100/bbl, no major correction expected; Use dip around Rs 6500/bbl to go long

Crude has resistance around 6700 as previous peak was around that level before correcting till 6000. Any dip around 6500…

January 21, 2023 10:31 IST

Crude oil price rises, poised to end week higher despite economy concerns

Brent crude futures rose 36 cents or 0.4% to $81.57 per barrel by 0109 GMT.

Updated: December 16, 2022 08:09 IST

Oil prices climbs after OPEC+ keeps output cut targets, China eases COVID curbs

Brent crude futures rose $1.84, or 2.2%, to $87.41 a barrel at 0142 GMT, while U.S. West Texas Intermediate (WTI)…

Updated: December 5, 2022 08:38 IST

With the global economy slowing, oil prices have been falling since summertime highs, with international benchmark Brent closing Friday at USD 85.42 per barrel, down from USD 98 a month ago. That has eased gasoline prices for drivers in the U.S. and around the world.

OPEC+ oil producers face uncertainty over Russian sanctions

Concerns about recessions in the U.S. and Europe also raise the prospect of lower demand for gasoline and other fuel…

December 4, 2022 17:36 IST

Oil prices on the mend after sharp fall; wait for price to recover before commencing long position

Bulls are hoping that OPEC+ group which meets on Sunday makes some changes to its production plans for January. OPEC+…

December 3, 2022 08:16 IST

Oil dips on US crude stock build, supply worries limit losses

U.S. West Texas Intermediate (WTI) crude futures for December were down 48 cents, or 0.6%, to $84.84, reversing the previous…

Updated: October 26, 2022 09:51 IST

OPEC, OPEC news, OPEC latest, OPEC updates, crude oil, crude market, oil production, America, Russia, Ukraine

US says Russia oil price cap will not be aimed at OPEC

Washington has communicated to representatives of the Organization of the Petroleum Exporting Countries to reassure them of those limits to…

Updated: October 19, 2022 20:45 IST

Joe Biden to release 15M barrels from oil reserve, more possible

Biden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday on the…

Updated: October 19, 2022 11:02 IST

OPEC has sovereign right to decide on oil production: Hardeep Singh Puri

During an interaction with a group of Indian reporters, he said that India as one of the major consumers of…

October 8, 2022 08:38 IST

OPEC, inflation, inflation, current account deficit

Output cut by OPEC+, weak rupee add to inflation, CAD worries: Economists

Slowing economy, extra spending obligations higher fiscal risks than costlier crude

October 8, 2022 01:00 IST

How high will crude oil price rise? OPEC+ cuts, Russia sanctions, low US reserves to push price to this level

The elevated prices will have a grave impact on India, which is a major oil importing country. The downstream oil…

October 7, 2022 16:40 IST

US reviewing ‘response options’ on Saudi relations after OPEC+ cuts, Anthony Blinken says

“As for the relationship (with Riyadh) going forward, we’re reviewing a number of response options. We’re consulting closely with Congress,”…

Updated: October 7, 2022 07:50 IST

Russia, Ukraine, Washington, Saudi Arabia, Opec, Opec plus, oil production, global oil production, oil news, opec news

Why Russia stands to gain most from OPEC+ oil production cuts

OPEC+ and the West traded blame on Wednesday after the group reduced supply by a steep 2 million barrels per…

Updated: October 6, 2022 19:53 IST

OPEC+ cuts ahead of winter fan global inflation concerns

The move has widened a diplomatic rift between the Saudi-backed bloc and Western nations, which worry higher energy prices will…

Updated: October 6, 2022 12:59 IST

Explainer: What is NOPEC, the US bill to pressure the OPEC+ oil group?

OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, on Wednesday agreed steep production…

Updated: October 6, 2022 08:34 IST

OPEC, OPEC+, OPEC news, OPEC latest, OPEC updates, oil production, crude oil

OPEC+ agrees deep cuts to oil production despite US pressure

The cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago…

Updated: October 5, 2022 20:57 IST

Asian shares rallied, but European equity markets retreated and U.S. equity futures pointed to a weak start for Wall Street.

Global Markets: Dust settles on stocks surge, OPEC+ talks supply cuts

Investors closely awaited a crucial supply decision from OPEC+ due later on Wednesday, which could have global implications for already…

October 5, 2022 17:30 IST

Major output cut expectations uptick global crude prices ahead of OPEC+ meet

Brent crude was up 64 cents, or 0.7%, to $89.50 per barrel by 0823 GMT after gaining more than 4%…

October 4, 2022 15:52 IST

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The Big Idea: E-commerce on the move

Business6 hr ago

Saahil Goel, MD and CEO of Shiprocket, along with his co-founders Gautam Kapoor, Vishesh Khurana, and Akshay Ghulati, started the company in 2012 after realizing the lack of affordable technology, shipping, and payment options for small businesses in India. They have since raised Rs 260 crore in funding and have helped over 100,000 small businesses reach 100 million Indian online shoppers.

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