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OPEC
ONGC, Oil India shares surge up to 4% intraday, as OPEC cuts 2022 oil demand growth; brokerage sees over 60% upside in both stocks
Wed, Apr 13, 2022
Crude oil prices increased around 6 per cent on Tuesday amid reports of lower supply by oil producers and easing of lockdown curbs in parts of China, according to a Reuters report
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OPEC tells EU it's not possible to replace potential Russian oil supply loss
Tue, Apr 12, 2022
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.
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Oil drops on Ukraine peace talk hopes, China demand fears
Tue, Mar 29, 2022
Oil prices dropped on Tuesday, extending losses from the previous day as Ukraine and Russia headed for peace talks and on fears of a drop in fuel demand in China after the financial hub of Shanghai shut down to curb a surge in COVID-19 cases.
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Oil rises as market weighs OPEC filling Russia supply gap
Thu, Mar 10, 2022
Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.
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OPEC+ decides oil output amid concern over Russia, Ukraine
Wed, Feb 02, 2022
Oil cartel OPEC and allied countries are deciding how much oil to feed into the global economy as crude prices hover near seven-year highs 'spiking gasoline costs' and fears of a Russian military move against Ukraine add to jitters over supply.
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Oil producers artificially adjusting oil supply leading to price rise: India
Mon, Dec 13, 2021
With a rise in international oil prices pushing retail petrol and diesel rates to record high, India last month agreed to release five million barrels of crude oil from its Strategic Petroleum Reserves, Minister of State for Petroleum and Natural Gas Rameswar Teli said in a written reply to a question in the Rajya Sabha.
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Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand
Fri, Dec 03, 2021
Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant hits demand, but prices were still on course for a sixth week of declines.
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Oil rises on views OPEC+ may pause supply addition amid Omicron fears
Thu, Dec 02, 2021
The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, will likely decide on Thursday whether to release more oil into the market as previously planned or restrain supply.
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Oil prices rally ahead of OPEC meeting despite Omicron concerns
Wed, Dec 01, 2021
Oil prices rose more than 4% on Wednesday as major producers prepared to discuss future output against the backdrop of the new Omicron variant of the coronavirus triggering fresh travel restrictions which could dampen oil demand.
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Oil prices rise on bets OPEC+ will hold off output hike
Tue, Nov 30, 2021
Oil prices climbed on Tuesday, extending a rebound from last week`s plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.
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Oil slips awaiting OPEC+ response to US-led crude release
Thu, Nov 25, 2021
Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand.
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