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SINGAPORE: Oil prices rallied on Friday, with Brent crude futures hitting *fresh* 2019 highs amid US sanctions against Venezuela and Iran and supply cuts led by ...
The fate of a proposed mega refinery and petrochemical complex in India worth US$44 billion and involving the national oil companies of Saudi Arabia and the ...
SINGAPORE: Oil prices rose on Tuesday amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, although surging US production and ...
Saudi Arabian Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud, who is in India on a two-day visit, has said India-Saudi ties are "in our DNA" and ...
NEW DELHI: Benchmark equity indices may open higher on Wednesday ahead of the release of the minutes of US Fed's January policy review. A likely dovish ...
In the shorter run, while crude prices might see some support, we remain bearish on the overall crude prices in the longer term.
Nifty saw another volatile session with morning gains getting sold into another day running, marking the count of losses to nine days.
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TEHRAN _ Showing disdain to the warnings of U.S., India is looking into commercial considerations and related factors to determine the value of oil imports from ...
CARACAS: A fire hit a crude oil pumping station in Venezuela's Orinoco belt region on Tuesday, state-owned oil company Petroleos de Venezuela (PDVSA) ...
The US is pumping out shale oil like never before. This will reduce the oil cartel's price-fixing powers and weaken its most influential member, Saudi Arabia.
India is one of the biggest consumers of crude oilOPEC obviously has a vested interest in India's economic growth. And this is why OPEC is keen on making this ...
Qatar's Minister of State for Energy Affairs Saad al-Kaabi has announced the country's decision to quit the OPEC. More than the decision, it is the timing of the ...
A few cues from the market in India and abroad that could help you with your trade today.
New Delhi: After six consecutive days of rate revision, state-run oil marketing companies chose not to raise retail petrol prices on Wednesday, while diesel prices ...
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major ...
India will look into commercial considerations and related factors to determine the value of oil imports from any country, an Indian official said on Thursday, after ...
The decline in oil prices has made India an attractive investment destination yet again, but policymakers and investors would do well not to ignore the ...
A combination of crude oil climbing to four-year high and rupee dipping to its lowest level against US dollar has sent retail petrol, diesel and cooking gas (LPG) ...
The world is waiting to see whether the Organization of the Petroleum Exporting Countries (Opec) will decide to increase crude oil production at its meeting in ...
Much will depend on New Delhi's bargaining skills, diplomatic ties.
As compared to other crudes processed, Iranian crude brings more value in terms of gross refining marginLast November, US offered a six-month waiver to eight ...
NEW DELHI -- Contending with soaring crude prices, India is seeking to form an alliance of leading Asian oil importers to pressure OPEC into.
(Bloomberg) -- President Donald Trump may soon need to choose between two recurring fixations: battling OPEC nations, and cheap oil.
Iran, the Saudis' great adversary in the Middle East, is smarting under US President Donald Trump's decision to pull out of the 2015 nuclear accord, and wants to ...
LONDON: Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry ...
Crude oil prices have surged this year on the talks of US sanctions that are expected to strain supplies of Iranian oil by reducing shipments.
Two of Asia's largest crude buyers are considering teaming up to buy U.S. supplies and counter OPEC's dominance in the world's biggest oil market. India and ...
The outcome of the OPEC meeting was an additional 1 million barrels per day on top of 32-33 million barrels per day of its current production, a decision that ...
The ongoing turmoil in Venezuela could be a boon for Saudi Arabia and the UAE, whom eye a larger oil cartel in which Arab nations and Russia would have the ...
As Qatar walks out of the Organisation of Petroleum Exporting Countries (Opec) in New Year 2019, the challenge for India is how to reset its gas purchases and ...
Sakshi Batra does a 3 point analysis on what are the expectations from the OPEC meet and what could be each member nation's stance.
New Delhi: India will surpass China to become the second largest oil demand growth centre globally in 2019 on back of buoyant auto fuel and LPG consumption ...
Read more about Indian oil companies to gain from higher Opec output on Business Standard. After the decision, Brent crude oil prices were seen at $74.11 a ...
OPEC Secretary General Mohammed Barkindo is largely optimistic over prospects of achieving a balanced oil market in 2019.
As Iran's oil supplies shrink, India wants OPEC and non-OPEC producers to step up supply. Nobody is budging just yet though.
NEW DELHI (Reuters) - Indian Oil Minister Dharmendra Pradhan said on Friday he was hopeful that Organisation of the Petroleum Exporting Countries (OPEC) ...
GBP/INR forms bullish reversal and starts rising. - Outlook slightly favours more gains. - Outlook for oil and Brexit headlines key drivers. The Pound-Rupee ...
India Business News: NEW DELHI: US President Donald Trump on Wednesday claimed credit for beating down global oil prices and busting the monopoly of ...
OPEC countries have finally started increasing production. As supply cuts are reversed, OPEC's crude oil production in August (excluding Congo, which joined ...
Global energy demand is set to skyrocket over the next two decades, OPEC said in its latest annual outlook, with India and China the most important contributors ...
India Business News: NEW DELHI: The world's fastest growing crude consumer - India - has a warning for OPEC: Start reducing prices, or waning demand will ...
As if OPEC's task of balancing world oil supplies wasn't complicated enough, the cartel now faces a political crisis in one of its founding members that could tip ...
An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, Prime Minister Narendra Modi predicted on Tuesday, as he opened the ...
HYDERABAD: Union Petroleum Minister Dharmendra Pradhan has said India will coordinate with China and other Asian countries to voice against the "Asian ...
The announcement last month that China and India are considering forming an “Oil Buyers' Club” to counter the market power of the Organization of Petroleum ...
New Delhi: India's economy will grow at the fastest pace through 2040 and the country's oil demand growth will remain the fastest globally, in a market that will ...
Oil prices fell by more than 1 per cent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after US President Donald Trump put ...
India will consider buying more oil from countries outside the OPEC bloc, its biggest supplier, at cheaper prices as the cartel's production cuts have pushed ...
The market narrative consuming crude oil markets currently is the interplay between supply cuts by OPEC and its allies and rising US shale output, with a side ...
On June 11, major Chinese and Indian oil companies started a formal meeting in Beijing, discussing the establishment of an oil buyers' club to negotiate better.
Oil minister Dharmendra Pradhan raised the issue of premium that Opec nations charge Asian countries during his meeting with Opec secretary general ...
US President Donald Trump's stern warning to the OPEC alliance led to a fall in the crude oil prices by 54 cents to $77.7 per barrel on Thursday.
New Delhi: Retail prices of fuel in India crossed a life-time high of Rs 90 a litre in Maharashtra on Monday. Coupled with this, the Organization of the Petroleum ...
By Javier Blas, Salma El Wardany and Elena Mazneva Opec ended talks without a deal on oil production cuts for the first time in nearly five years as Russia ...
Singapore: Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between US and Chinese officials might defuse trade disputes between ...
Good morning! Here's a lowdown on top macro triggers that may move market on Monday. This report was compiled from agency feeds. Assembly results & exit ...
Here's a lowdown on top macro triggers that may move market on Thursday. This report was compiled from agency feeds. Rein In Prices, India Tells Opec
NEW DELHI: India today voiced its concern over high international oil prices with oil producers cartel OPEC and nudged it to move to responsible pricing that ...
The move is part of the Narendra Modi government's strategy to help counter a depreciating rupee and high global crude oil prices.
Saudi Arabia must convince fellow Opec members that they need to raise crude production.
The oil-rich Gulf nations charge India an extra $2 to 3$ per barrel as "Asian premium" which runs into billions of dollars in annual imports and adds to the soaring ...
It is highly unlikely that OPEC and other oil producers would set up a joint structure due to the additional red tape it would create as well as the risk of US ...
Oil prices rose on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an ...
Even as the common man in India continues to battle rising petrol diesel prices, the Organization of the Petroleum Exporting Countries (OPEC) has further ...
Oil prices slipped on Tuesday on record Saudi oil production, although traders were cautious ahead of the G20 gathering that starts in Argentina on Friday and ...
In its monthly report, the Organization of the Petroleum Exporting Countries said buoyant world trade in 2017 and 2018 had helped impulse economic growth, ...
Analyst attributed the DII selling to booking profit ahead of the final outcome of state assembly elections, which will set the tone for the general elections next ...
Kotak retained its negative stance on downstream PSUs, even as rangebound global crude prices may ease the operating environment.
With oil on the boil, all eyes will be on the OPEC meeting this week. The meeting is crucial as OPEC will decide whether to continue with output cuts in force ...
It is likely that oil producers cartel OPEC will cut crude oil production at its Vienna meeting today. In such a scenario, petrol and diesel prices will also increase in ...
Saudi Arabia could boost its production. According to Platts, it has the biggest portion of Opecs combined spare capacity.
New Delhi : Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Saturday reiterated that the hike in fuel price in the country was due to ...
Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said that India always expect a reasonable fuel price.
A spike in oil prices has the world's third largest consumer of energy worried. India is seeking assurances from Saudi Arabia, OPEC's biggest producer, that oil ...
In a conversation with ET NOW, Vandana Hari of Vanda Insights, sheds light on the Opec decision to cut oil supply by 1.2 million barrel a day and its possible ...
By Julian Lee Two months before renewed U.S. sanctions on its oil exports take effect, Iran has already suffered a sharp drop in sales and lost key buyers in Asia ...
A meeting to be held at OPEC's headquarters in Vienna on June 22 together with non-OPEC member and top producer Russia to discuss changing output policy ...
In an engagement with executives of the world's top oil companies and representatives of Saudi Arabia and UAE, Prime Minister Narendra Modi observed this ...
Oil prices rose by 1 percent on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last ...
Prime Minister Narendra Modi while addressing the gathering at first assembly of International Solar Alliance (ISA) said that the alliance will play the role of what ...
Where does Opec turn now? Lessons from the groups history point eastwards -- toward Russia.
Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once US ...
Petrol and diesel prices, already hovering near record levels, are poised to soar further as the head of the International Energy Agency sees robust global ...
Amid the global clash between Saudi - led OPEC & US shale oil producers, India is crafting a balanced strategy to minimise the economic shocks of rising oil ...
Organisation of Petroleum Exporting Countries (OPEC) on Thursday reached an agreement to cut oil production for the first time since 2008 after an informal ...
Iran may be left with few options beyond convincing China to buy more of its oil, risking over-reliance on whats already its biggest customer.
A lowdown on top macro triggers that may move market on Friday.
Trump's *fresh* Twitter intervention in the oil market comes before a meeting of ministers from the Organization of Petroleum Exporting Countries and its allies in ...
Dharmendra Pradhan stressed said that India had been and continued to be a reliable customer of Opec countries, the only economy where crude oil demand ...
New Delhi, Apr 10 () With domestic petrol rates hitting a 4-year peak and diesel at an all-time high, India today again raised with oil cartel OPEC the issue of ...
Should this “oil buyers' club” come to reality, New Delhi and Beijing will have greater leverage to negotiate with OPEC about oil prices and will also have a ...
Good morning! Here's a lowdown on top macro triggers that may move market on Thursday. This report was compiled from agency feeds. Oil prices down before ...
The trade set-up for the coming week almost looks like a double-edged sword.
India is pushing China to partner in an energy buyers bloc in order to reduce the power of the OPEC oil cartel.
U.S. West Texas Intermediate (WTI) crude oil futures were at $61.75 per barrel at 0120 GMT, up 8 cents from their last settlement.
Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US ...
The Organization of the Petroleum Exporting Countries has pumped 32.64 million barrels per day in July, the survey on Monday found, up 70000 bpd from ...