Iraq has cut 180,000 bpd as part of OPEC oil deal: Minister
Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the end of the month, the OPEC member`s oil minister said on Monday.
Jan 23, 2017, 18:16 PM IST
Oil producers say output cut on track
Oil producers said Sunday that their landmark December deal to slash output by almost two million barrels per day was on track, as they met to review progress.
Jan 22, 2017, 20:57 PM IST
Oil slips $1 on concerns U.S. production is rising
Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
Jan 09, 2017, 16:36 PM IST
Oil hits 18-month high as markets eye output cuts
Benchmark Brent crude jumped more than 2 percent to a high of $58.37, up $1.55 a barrel and its highest since July 2015.
Jan 03, 2017, 15:35 PM IST
FPI bearish stand continues; foreign investors pull out over Rs 19,500 crore
Over Rs 19,500 crore have been pulled out from capital market this month so far by the foreign investors amid policy rate hike by the US Federal Reserve and increases oil prices.
Dec 18, 2016, 11:16 AM IST
Petrol, diesel prices likely to be hiked by up to Rs 7 per litre as global crude prices soar
With oil prices at the international market hitting $55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.
Dec 15, 2016, 10:03 AM IST
Oil hits highest since mid-2015 as OPEC and rivals agree historic deal
Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.
Dec 12, 2016, 16:44 PM IST
Petrol price likely to touch Rs 80 per litre, diesel Rs 68/litre
The price of petrol is seen touching Rs 80 and diesel Rs 68 per litre if global oil prices cross $60 a barrel.
Dec 10, 2016, 17:28 PM IST
OPEC move to cut production may adversely affect India
Amit Kapoor and Sankalp Sharma/IANS
Dec 08, 2016, 13:08 PM IST
'Petrol, diesel prices likely to rise in the nex 3-4 months'
With the Organisation of Petroleum Exporting Countries (Opec) cutring production of crude oil by 1.2 million barrels per day (mpbd) for the first time since 2008, fuel prices in India are likely to rise in the next 3-4 months.
Dec 06, 2016, 19:51 PM IST
Big News : OPEC decides to reduce its oil production
OPEC decides to reduce its oil production. Watch complete news story of News 360 for getting detailed updates!
Dec 01, 2016, 13:15 PM IST
OPEC agrees to reduce oil production, first since 2008
Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
Nov 30, 2016, 23:42 PM IST
Oil prices jump 8% as OPEC agrees first production cut since 2008
Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world`s largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices.
Nov 30, 2016, 19:03 PM IST
Kuwait cabinet submitted resignation after Parliament polls
The move falls in line with the emirate`s constitution which requires the cabinet to step down after polls.
Russia set to gain from oil production freeze
With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from agreeing a deal with the OPEC cartel on limiting production.
Nov 27, 2016, 13:17 PM IST
Nasdaq hits record intraday high as Wall Street soars with oil prices
Wall Street rose on Monday morning, with the Nasdaq hitting a record intraday high, helped by a jump in technology shares and as higher oil prices boosted energy stocks.
Nov 21, 2016, 20:53 PM IST
Weak US dollar pushes oil at three-week high ahead of OPEC meeting
Oil prices rose on Monday to their highest in three weeks, catching a lift from a weaker U.S. dollar and from cautious money managers, as OPEC appeared to be moving closer to agreeing an output cut when it meets next week.
Nov 21, 2016, 18:11 PM IST
Iran oil exports hit 2.44 million barrels per day
Iran boosted its oil exports to 2.44 million barrels per day in late October as it regains market share lost during years of international sanctions, its oil minister said Wednesday.
Nov 02, 2016, 17:22 PM IST
Oil climbs above $52 per barrel on support from US fuel stocks
Supported by drop in US fuel inventories, oil price climbed above $52 per barrel on Friday. It comes at a time when OPEC is mulling over a plan to reduce oil production.
Oct 14, 2016, 20:20 PM IST
Russia to drive non-OPEC output rise in 2017: Cartel
OPEC said Wednesday that new projects in Russia were set to drive oil production by countries outside the exporters' cartel slightly higher next year than first expected.
Oct 12, 2016, 20:57 PM IST
