Iran says markets have absorbed its rising oil exports
Tehran: World oil markets have seen no negative impact from a doubling of Iranian exports following the lifting of international sanctions, the country's oil minister said today.
Jun 01, 2016, 17:40 PM IST
India asks OPEC to stop charging premium from Asian buyers
Reiterating New Delhi's decade-old demand, Oil Minister Dharmendra Pradhan said the OPEC is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.
Jun 03, 2015, 22:03 PM IST
OPEC daily basket price drops
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $49.46 a barrel on Monday, compared to $51.66 last Friday, dropping over $2, the organisation`s secretariat said.
Mar 17, 2015, 16:53 PM IST
Iran seeks OPEC cooperation to stop oil price slump
Iran Monday sought cooperation among the member states of the Organisation of Petroleum Exporting Countries (OPEC) to prevent the global oil prices from falling further.
Jan 19, 2015, 23:24 PM IST
Gulf oil producers stand firm on OPEC output
Oil-rich Arab Gulf countries stood firm against non-OPEC crude producers on Sunday, vowing they will not cut output nor hold an emergency cartel meeting to support slumping prices.
Dec 21, 2014, 22:41 PM IST
No need for urgent OPEC meet on lower oil price: Kuwait
OPEC member Kuwait said on Thursday there was no need to call an emergency meeting for the producers` cartel to discuss sliding oil prices after crude hit a 17-month low.
Sep 11, 2014, 18:04 PM IST
Oil prices firm on Iraq tensions
US benchmark West Texas Intermediate was up 31 cents to USD 107.14, while Brent crude gained 35 cents to USD 115.16 in mid-morning trade.
Jun 23, 2014, 09:56 AM IST
OPEC daily basket price closes higher
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD105.72 a barrel on Monday.
Jun 10, 2014, 14:31 PM IST
