हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ

OPEC

OPEC move to keep oil output target sparks price slump

OPEC on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a five-dollar collapse in crude prices.

Nov 28, 2014, 00:01 AM IST

OPEC holds oil output level, triggering price collapse

OPEC on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a fresh collapse in crude prices.

Nov 27, 2014, 22:21 PM IST

Gulf states seek to block OPEC oil output cut

Gulf oil producers led by Saudi Arabia looked set on Thursday to block any cut in OPEC output, ignoring calls from poorer members of the exporters` group for action to halt a slide in crude prices.

Nov 27, 2014, 20:10 PM IST

Oil tumbles more than $6 to 4-year low as OPEC keeps output high

Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets.

Nov 27, 2014, 18:53 PM IST

Oil prices fall to four-year lows as OPEC production cut looks unlikely

Oil prices fell to four-year lows on Thursday as it appeared unlikely producer club OPEC would decide to cut output in support of prices at a meeting this week, and as increasing Chinese and US stocks boosted available supplies.

Nov 27, 2014, 10:14 AM IST

Oil extends losses ahead of key OPEC meeting

The 12-nation Organization of the Petroleum Exporting Countries will hold one of its toughest and most significant meetings in recent years in Vienna later on Thursday.

Nov 27, 2014, 09:03 AM IST

Asian stocks mixed, oil slumps ahead of OPEC meet

Asian stocks were mixed in lacklustre trade on Thursday, while oil prices extended their losses ahead of a pivotal OPEC meeting expected to maintain the cartel`s production levels despite a huge glut.

Nov 27, 2014, 08:16 AM IST

Saudi, UAE signal no push for OPEC oil cut

OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group`s meeting this week to prop up prices that have collapsed by a third since June.

Nov 26, 2014, 21:17 PM IST

OPEC looks for help to tackle oil supply glut

OPEC needs non-cartel members to help address an oil supply glut that is set to grow next year, Iran`s oil minister said here Wednesday.

Nov 26, 2014, 19:45 PM IST

Oil down 2 percent as pre-OPEC talks don't lead to output cut

Oil tumbled 2 percent to near four-year lows on Tuesday in another volatile session as a meeting of Saudi Arabia and three other nations ahead of an OPEC summit ended with no deal to curb crude output.

Nov 26, 2014, 10:16 AM IST

Asia shares climb on US optimism, oil pressured before OPEC

Asian stocks edged up on Wednesday after data showing the US economy growing at a relatively solid pace calmed investor anxiety over slowing global growth, while the Australian dollar languished near four-year lows against the dollar.

Nov 26, 2014, 10:11 AM IST

Saudi sights set on US shale at crucial OPEC meeting

Saudi Oil Minister Ali al-Naimi was silent about his government's intentions Monday as he arrived in Vienna ahead of the OPEC gathering.

Nov 25, 2014, 22:11 PM IST

European shares at two-month high, oil flat ahead of OPEC

"These results go in the right direction, they must now be consolidated in the coming months," said French Finance Minister Michel Sapin.

Nov 25, 2014, 19:04 PM IST

Oil ends down after swinging on OPEC speculation; Brent below $80 per barrel

Crude prices ended lower, with Brent below $80 a barrel, after a volatile session on Monday as Russia`s offer to add to OPEC output cuts led some to bet the group will agree on a higher production cut than thought when it meets this week.

Nov 25, 2014, 09:56 AM IST

Asian shares slip, oil edges down ahead of OPEC

Asian shares gave back some of their China-inspired gains on Tuesday, while oil prices stumbled as traders lowered their expectation of a significant output cut at this week`s OPEC meeting.

Nov 25, 2014, 09:53 AM IST

Asian shares wobble, oil skids ahead of OPEC

Asian shares gave back some of their China-inspired gains on Tuesday, while oil prices slumped ahead of this week`s OPEC meeting.

Nov 25, 2014, 06:24 AM IST

Fund managers see oil falling to $60 without OPEC cut

Oil prices have been falling since the summer due to abundant supply, partly from US shale oil, and because of low demand growth, particularly in Europe and Asia.

Nov 25, 2014, 00:27 AM IST

Brent climbs above $80.50 after China rate cuts; OPEC meet eyed

Brent crude futures rose above $80.50 a barrel on Monday ahead of a meeting of the producer group OPEC at which an output cut will be discussed, while China`s move to lower interest rates late last week also underpinned prices.

Nov 24, 2014, 13:26 PM IST

Oil prices mixed ahead of key OPEC meeting

The OPEC will hold one of its toughest and most significant meetings in recent years on Thursday with members under pressure to address falling prices.

Nov 24, 2014, 08:39 AM IST