Showing results for "#OPEC+"
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
Climate crisis gatecrashes OPEC gathering
7 Dec 2019 2:20 AMIn many countries the 'Fridays for Future' movement have been mobilising young people weekly in order to agitate for action on climate change.
OPEC lowers oil forecast over virus
12 Feb 2020 3:28 PMThe outbreak of the coronavirus in China during the first half of 2020 is the major factor behind this downward revision, OPEC said.
OPEC calls for big production cut, but will Russia agree?
5 March 2020 3:24 PMThe oil-producing countries of the OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging...
Saudis to boost oil exports to 10 mn barrels per day
17 March 2020 5:11 PMThe kingdom has long sought to diversify its energy mix by tapping gas and renewables to free up more oil for export, the kingdom's chief revenue...
Saudi Arabia denies withdrawal from OPEC+ deal
4 April 2020 11:21 AMThe Foreign Minister denied the reports and accused Russia of refusing the agreement, while the Kingdom and 22 other countries were trying to persuade...
Oil prices fall as doubts grow over output cut deal
6 April 2020 2:39 AMOil prices have tumbled to levels not seen for years due to the coronavirus pandemic and a price war between Russia and Saudi Arabia, the kingpin of...
Saudi, Russia debate record oil cut as U.S. resists action
9 April 2020 1:34 PMRiyadh and Moscow, who fell out when a previous pact on curbing supplies collapsed in March, have signalled that a deal on cuts would depend on the...