OPEC to extend output cuts, to set up OPEC-India Working Group
Even as the OPEC and non-OPEC producers agreed to extend until March 2018 their ongoing oil output cuts, India has reached an understanding with the global oil cartel to establish a joint working group to serve as a forum for "producer-consumer dialogue" to address mutual concerns.
May 26, 2017, 16:09 PM IST
Oil market 'almost balanced' despite rising US supply: IEA
Supply and demand in the oil market are close to matching up, the IEA said on Tuesday, but rising US supply could mitigate landmark OPEC-led production cuts.
May 16, 2017, 15:29 PM IST
