OPEC

March 05, 2021

OPEC ignores India's call; Saudi asks New Delhi to use cheap oil it bought last year

Retail petrol and diesel prices, which already are at historic highs, should rise if the oil companies decide to pass on the surge in international oil prices to consumers.

April 13, 2020
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

Measures to slow the spread of the coronavirus have destroyed demand for fuel and driven down oil prices, straining budgets of oil producers and hammering the US shale industry.
March 09, 2020
Crude oil prices tumble 30%, India set to gain from price war

India's import bill could slip to half of current levels at $64 billion witnessed in FY16 when crude had fallen to $26 a barrel for some time.
May 18, 2019
OPEC to be responsive to market needs, says Saudi energy minister

U.S. President Donald Trump has called on OPEC and the group's de facto leader, Saudi Arabia, and asked them to lower oil prices. Riyadh, however, is reluctant to boost supply quickly and risk a price crash.
December 03, 2018
Qatar to quit OPEC in 2019

Doha could focus on cementing its position as the world's top liquefied natural gas (LNG) exporter.

OPEC ignores India's call; Saudi asks New Delhi to use cheap oil it bought last year

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

Crude oil prices tumble 30%, India set to gain from price war

OPEC to be responsive to market needs, says Saudi energy minister

Qatar to quit OPEC in 2019