Home » organization of the petroleum...

You Searched For "Organization of the Petroleum Exporting Countries"

We expect the global leaders will understand our requirements, Petroleum Minister Dharmendra Pradhan said.(Photo: File | PTI)

Oil prices near 2019 highs amid OPEC supply cuts, US sanctions

Petroleum prices have been propped up by supply cuts by the OPEC and OPEC+.

22 March 2019 10:23 AM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi's Falih says oil stocks still building, but OPEC to act if...

OPEC, Russia and other non-OPEC producers have agreed to reduce output by 1.2 bpd from Jan 1 for six months.

18 May 2019 1:46 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Crude demand projected to drop next year

The projected drop in demand for OPEC crude is a reflection of that.

12 July 2019 1:57 AM IST

The decline was curbed by a weaker dollar and optimism that crude producers would abide by an agreement to limit output to prop up prices.

Oil prices fall as market eyes trade war, awaits stocks data

US crude was down 26 cents, or 0.5 per cent, at USD 54.84 a barrel by 0644 GMT, while Brent was down 6 cents at USD...

3 Sept 2019 1:19 PM IST