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OPEC Page-6

Brent crude oil slips away from 2019 high after China reports car sales drop

At least partly offsetting the supply cuts has been a surge in US crude oil production by more than 2 million bpd in 2018.

18 Feb 2019 10:21 AM

Oil prices rise on OPEC output cuts, as US sanctions bite

International Brent crude futures were up 50 cents, or 0.8 per cent, at USD 62.01 per barrel.

12 Feb 2019 10:24 AM

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

07 Feb 2019 10:28 AM

Oil dips on manufacturing downturn, but OPEC cuts offer support

International Brent crude futures were down 21 cents, or 0.4 percent, at 0258 GMT at $55.74 a barrel.

04 Jan 2019 10:38 AM

Crude nears 2018 lows as markets slide on US cues

Investors have flocked to perceived safe-haven assets such as gold and government debt, at the expense of crude oil and stocks.

25 Dec 2018 1:24 AM

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We take PM Modi's views seriously while deciding oil prices: Saudi minister

India is world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its energy needs.

07 Dec 2018 12:18 PM

Watch: Saudi Prince, Putin high five each other at G20 summit, video goes viral

In a viral image, Putin and Saudi prince gave each other an effusive handshake as if they were long-lost friends reunited.

01 Dec 2018 2:48 PM

Oil plunges nearly 8 per cent despite talk of output cut

Brent fell 11.3 per cent and WTI posted a 10.8 per cent decline, the largest one-week drop since January 2016.

24 Nov 2018 10:16 AM

Oil prices rise after Saudi Arabia announces production cuts

Oil prices advanced steadily through Monday, with both Brent Crude and West Texas Intermediate seeing gains of more than dollar per barrel.

12 Nov 2018 5:00 PM

'Toughest ever placed': US sanctions on Iran come into effect from today

Saudi Arabia is the only country with the capacity to make up for lost Iranian oil production.

05 Nov 2018 9:39 AM

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When Iran exports fall after US sanctions, Saudi to open its oil tap

Saudi is only producer with significant spare capacity of around 2 million bpd that can be tapped to compensate loss of Iranian supplies.

04 Nov 2018 1:37 PM

Oil prices rise for first time in three days, but trade war drags

Brent crude futures had gained 47 cents, or 0.6 per cent, to $76.38 a barrel by 0441 GMT.

31 Oct 2018 11:38 AM

Oil prices drop as oversupply looms amid global market woes

The global benchmark is on course for a weekly loss of over 4 per cent.

26 Oct 2018 12:41 PM

India oil demand to rise by 5.8 million barrels per day by 2040: OPEC

Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.

16 Oct 2018 11:28 AM

Saudi Arabia to supply extra oil to India in Nov as Iran sanctions loom: report

Extra cargoes show Saudi's willingness to increase crude supply to make up shortfall once US sanctions on Iran start on Nov 4.

10 Oct 2018 5:46 PM

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Oil prices rise on signs that Iranian crude exports fall further

US West Texas Intermediate (WTI) crude futures were down by 24 cents, or 0.3 per cent, at $74.53 a barrel.

09 Oct 2018 10:43 AM

Oil market is balanced, says Qatar energy minister

Oil prices have been rising as US sanctions against Iran’s crude exports are set to start next month.

08 Oct 2018 10:54 AM

Saudi King won't last in power without US support: Trump

Saudi Arabia is the world's top oil exporter and the de facto leader of OPEC, which has been criticized by Trump for high oil prices.

03 Oct 2018 10:24 AM

India-led solar alliance will outshine OPEC, says PM Modi

'The role of the oil wells today will be that of the Sun's rays tomorrow,' PM Modi said at the meeting in New Delhi.

03 Oct 2018 9:37 AM

Oil near four-year high as Washington's Iran sanctions loom

Brent has risen by around 20 per cent from the most recent lows in August.

02 Oct 2018 11:11 AM

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