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Victor Dasgupta February 20, 2026 6:50 PM IST
Russia is a major player in the OPEC+ alliance alongside Saudi Arabia. Notably, Russia has recorded a massive decline in production for two consecutive months amid export constraints
Gazi Abbas Shahid June 22, 2025 9:01 PM IST
OPEC+ countries, most of whom have assured their tacit support to Tehran in the Israel-Iran war, hold some influence on the decisions made by the Islamic Republic.
Abhijeet Sen May 21, 2025 10:07 PM IST
As per US media reports, Israel is preparing to strike Iran's nuclear facilities and as a result of the concerning news update, oil supply and intensification of regional conflicts, dramatically driving up international oil prices on Wednesday.
India.com News Desk April 3, 2023 6:39 AM IST
Saudi Arabia and other other Organisation of the Petroleum Exporting Countries (OPEC) Plus oil producers reportedly announced voluntary cuts to their production.
Associated Press October 12, 2022 7:01 AM IST
Biden suggested he would soon take action, as aides announced that the administration is reevaluating its relationship with the kingdom in light of the oil production cut that White House officials say will help another OPEC+ member, Russia, pad its coffers as it continues its nearly eight-month war in Ukraine.
India.com Business Desk October 7, 2022 1:54 AM IST
India imports 85 per cent of its oil needs and international oil prices directly dictate domestic pricing.
IANS October 6, 2022 8:27 AM IST
The price of Brent crude oil rose more than 1 per cent to nearly $93 a barrel on the news, adding to gains this week ahead of the gathering of oil ministers. US oil was up 1.5 per cent to $87.75
India.com Business Desk October 4, 2022 11:12 AM IST
India, importing about 85 per cent of its total crude requirements from OPEC countries, is only behind the United States and China in terms of the quantity being imported.
India.com Business Desk February 23, 2022 3:06 AM IST
Oil prices today: Brent Crude oil price rose 3.7 per cent to $98.97 per barrel on Tuesday. The prices of Brent Crude were $99.38 per barrel last in September 2014.
India.com Business Desk January 28, 2022 9:47 AM IST
Oil Price News: The crude oil prices touched a peak of $90.02 per barrel on Wednesday, the highest level since October 2014. The rising tensions between Russia and Ukraine, a hawkish stance by the Fed and conflicts in the Middle East have led to the rise.
IANS November 26, 2021 8:50 AM IST
Experts believe that market has already discounted the news of the release of crude from strategic reserves. Prices have come down by $8-10 per barrel.
IANS March 10, 2020 6:30 PM IST
Russia's Energy Minister Alexander Novak said that Moscow had not ruled out measures with OPEC to stabilise oil markets.
IANS March 9, 2020 8:47 PM IST
The slide comes after Saudi Arabia shocked the market by launching a price war after no consensus was arrived between OPEC and Russia to cut crude oil production as part of market stabilisation exercise.
IANS July 3, 2019 1:23 PM IST
Russian Minister of Energy Alexander Novak had said, "After heavy deliberations, we have come to the unanimous decision that we have to continue with our cooperation and maintain production cuts for another nine months."
PTI Feeds December 10, 2018 10:09 AM IST
Rupee falls 59 paise to 71.40 against US dollar in early trade
PTI Feeds December 10, 2018 9:57 AM IST
Sensex cracks over 550 pts; Nifty drops below 10,600
India.com News Desk December 8, 2018 10:26 AM IST
On Wednesday, Trump had urged OPEC countries to keep oil production stable so that its prices remained low in the near future.
India.com Business Desk December 7, 2018 8:39 PM IST
The reduction in the crude oil production was aimed at propping up the oil prices.
India.com Business Desk December 6, 2018 5:24 PM IST
OPEC seeks 'sufficient cut' in production among organization members to balance the oil market, says Saudi Arabia.
India.com News Desk December 3, 2018 1:26 PM IST
"We don't have great potential (in oil), we are very realistic. Our potential is gas," said Kaabi.
PTI Feeds June 22, 2018 8:44 PM IST
Defusing row, OPEC agrees to output rise
PTI Feeds June 19, 2018 7:39 PM IST
Rupee dives to near one-month low at 68.38 as trade war fears rise
PTI Feeds June 13, 2018 7:38 PM IST
Rupee drops 16p to near 1-week low as Fed rate hike fears loom
PTI Feeds June 13, 2018 7:38 PM IST
Rupee drops 16p to near 1-week low as Fed rate hike fears loom
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