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OPEC+

India discussed oil market volatility with OPEC chief, government says

India imports more than 85% of its oil needs and traditionally relies on Middle Eastern oil producers, most members of the Organization of the Petroleum Exporting Countries, for most of its requirements.

19 April 2024, 16:42 IST

India discussed oil market volatility with OPEC chief, government says

India discussed oil market volatility with OPEC chief, government says

India discussed oil market volatility with OPEC chief, government says

19 April 2024, 16:42 IST

Russia squeezes Mideast, OPEC shares in India's oil market to historic lows

New Delhi has been gorging on Russian oil sold at a discount after Western nations shunned purchases and imposed sanctions on Moscow over its invasion of Ukraine. As a result Russia is now the top supplier to the world's third-largest oil importer.

19 April 2024, 07:28 IST

Russia squeezes Mideast, OPEC shares in India's oil market to historic lows

Russia squeezes Mideast, OPEC shares in India's oil market to historic lows

Russia squeezes Mideast, OPEC shares in India's oil market to historic lows

19 April 2024, 07:28 IST

Oil prices rise on solid China growth, Middle East tensions

The benchmarks rose on the back of solid economic growth in China, the world's biggest oil importer. Official gross domestic product grew 5.3 per cent in the first quarter, year-on-year, government data showed, comfortably beating analysts' expectations.

16 April 2024, 05:29 IST

Oil prices rise on solid China growth, Middle East tensions

Oil prices rise on solid China growth, Middle East tensions

Oil prices rise on solid China growth, Middle East tensions

16 April 2024, 05:29 IST

Iran's attack on Israel upsets OPEC+ search for goldilocks price: Javier Blas

The situation is fluid, and for the oil market, everything depends now on how Israel’s response and the chance of a cycle of escalation.

14 April 2024, 16:07 IST

Iran's attack on Israel upsets OPEC+ search for goldilocks price: Javier Blas

Iran's attack on Israel upsets OPEC+ search for goldilocks price: Javier Blas

Iran's attack on Israel upsets OPEC+ search for goldilocks price: Javier Blas

14 April 2024, 16:07 IST

Oil heads for weekly gains after Israel rejects ceasefire offer

Brent crude futures slipped 0.1% to $81.52 a barrel, while US West Texas Intermediate crude futures fell 1 cent to $76.21 a barrel.

09 February 2024, 09:59 IST

Oil heads for weekly gains after Israel rejects ceasefire offer

Oil heads for weekly gains after Israel rejects ceasefire offer

Oil heads for weekly gains after Israel rejects ceasefire offer

09 February 2024, 09:59 IST

EU condemns 'out of whack' OPEC attempt to block COP28 fossil fuel deal

Nearly 200 countries meeting in Dubai for the UN's COP28 climate summit are debating whether to agree, for the first time, to eventually end the world's use of fossil fuels, the main cause of climate change.

09 December 2023, 16:07 IST

EU condemns 'out of whack' OPEC attempt to block COP28 fossil fuel deal

EU condemns 'out of whack' OPEC attempt to block COP28 fossil fuel deal

EU condemns 'out of whack' OPEC attempt to block COP28 fossil fuel deal

09 December 2023, 16:07 IST

OPEC leader tells members to block any climate summit deal to curb fossil fuels

In a letter dated Dec. 6, Haitham Al-Ghais, secretary-general of the Organization of the Petroleum Exporting Countries, warned all members that there was rising pressure at the summit to target fossil fuels.

09 December 2023, 06:37 IST

OPEC leader tells members to block any climate summit deal to curb fossil fuels

OPEC leader tells members to block any climate summit deal to curb fossil fuels

OPEC leader tells members to block any climate summit deal to curb fossil fuels

09 December 2023, 06:37 IST

Brazil to join OPEC+ but won't cap oil output, Petrobras CEO says

Brazil's energy minister said on Thursday the country was eager to join OPEC+ after a full technical analysis. President Luiz Inacio Lula da Silva's office confirmed receiving the invite, but said he had not formally responded.

01 December 2023, 12:18 IST

Brazil to join OPEC+ but won't cap oil output, Petrobras CEO says

Brazil to join OPEC+ but won't cap oil output, Petrobras CEO says

Brazil to join OPEC+ but won't cap oil output, Petrobras CEO says

01 December 2023, 12:18 IST

Explained | Why OPEC+ members find it hard to agree on oil production quotas

OPEC+ negotiations over production quotas have often been difficult in the past.

23 November 2023, 14:03 IST

Explained | Why OPEC+ members find it hard to agree on oil production quotas

Explained | Why OPEC+ members find it hard to agree on oil production quotas

Explained | Why OPEC+ members find it hard to agree on oil production quotas

23 November 2023, 14:03 IST

OPEC+ meeting delayed over dispute over some members' output

Three OPEC+ sources said this was linked to African countries. OPEC+ said after its last meeting in June that the 2024 output quotas of Angola, Nigeria and Congo were conditional on reviews by outside analysts.

22 November 2023, 16:38 IST

OPEC+ meeting delayed over dispute over some members' output

OPEC+ meeting delayed over dispute over some members' output

OPEC+ meeting delayed over dispute over some members' output

22 November 2023, 16:38 IST