Showing results for "#OPEC"
Sharp cut in windfall tax on crude petroleum, effective today
A windfall tax is levied by governments when an industry unexpectedly earns large profits, mainly due to an unprecedented event.
OPEC+ moving closer to compromise with African producers: Sources
OPEC members Angola and Nigeria were aiming for a higher oil output allowance, officials told Reuters on Thursday.
Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting
Producers were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said.
BRICS expansion could end US dollar dominance in oil trade: US...
While there is no such currency as a Petrodollar, the US currency, the dollar or the greenback is the medium in which most global trade is conducted...
Global crude oil prices soar following Hamas attack on Israel
At the time of filing this report, crude oil prices were trading at USD 87.61 per barrel, up 3.52 per cent from last week's closing.
Oil prices range-bound amid tighter supply, slow demand fears
Oil prices were roughly unchanged on Monday as concerns about global macroeconomic headwinds and possible further interest rate hikes from the US...
Oil companies may cut petrol, diesel prices by ₹4-5/litre from Aug
Hence, optimism on OMCs will be contingent on crude sustaining below USD 80/bbl and government fully compensating for FY23 fuel under-recoveries
SBI Capital Markets pegs India's 2023 real GDP growth at 6 pc
Incorporated in 1986 as a wholly owned subsidiary of the State Bank of India, SBICAPS is one of the oldest investment banks in India.
