US-Saudi Arabia rift: Joe Biden has 'no plans' to meet Saudi Crown Prince at G20 summit
Washington had earlier expressed displeasure over OPEC's decision to cut global oil output.
Oct 17, 2022, 14:06 PM IST
Saudi Arabia pumps record amount of oil as Trump piles on pressure
Saudi Arabia agreed to raise supply steeply in June, in response to calls from consumers, including the United States and India, to help cool oil prices and address a supply shortage.
Nov 26, 2018, 18:02 PM IST
US oil output hampering market rebalancing: OPEC
Increased oil production in the United States is hampering efforts to balance out market supply and demand, OPEC said on Tuesday.
Jun 13, 2017, 16:50 PM IST
OPEC 'optimistic' oil output cuts leading to price recovery
OPEC members agreed in November to cut production by 1.2 million barrels per day for six months beginning from the start of the year.
Apr 19, 2017, 16:18 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
Oil prices extend losses
Oil prices extended last week`s declines on Monday, dragged down by worries about oversupply as Organization of Petroleum Exporting Countries (OPEC) saw record crude production last month.
Nov 15, 2016, 06:54 AM IST
Iran supports 'any decision' to stabilise oil market: Minister
Tehran: Iran's oil minister said today that the Islamic republic supports "any decision" to stabilise the global oil market and that USD 50-60 per barrel is the desired price for most OPEC members.
Sep 06, 2016, 16:23 PM IST
Oil price falls from 2016 high
The IEA's monthly report was published one day after news of a drawdown in US oil inventories that signalled strong demand in the world's top oil consumer -- and sent prices racing higher.
May 13, 2016, 03:18 AM IST
Oil rises, heads for third week of gains
Oil prices rose on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persisting global supply glut may be easing
Apr 22, 2016, 23:12 PM IST
Saudi Arabia will only freeze output if others do
Saudi Arabia will only freeze the level of its oil production if all other major producers, including Iran, do so, Bloomberg reported on Saturday, citing Saudi deputy crown prince Mohammed bin Salman.
Apr 16, 2016, 18:31 PM IST
Oil falls as dark clouds appear ahead of producer meeting
Oil fell on Thursday as the International Energy Agency trimmed its forecast for demand growth and on signs that a producers` meeting this weekend will not yield a concrete plan to reduce oversupply.
Apr 14, 2016, 15:28 PM IST
Oil prices rise on optimism over supply, Doha meeting
Oil prices rose on Friday, lifted by hopes that a punishing global excess of crude oil could be nearing a tipping point and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand.
Apr 08, 2016, 20:17 PM IST
OVL gets Russian government nod for $1.268 billion Vankor deal
Russian government has approved ONGC Videsh Ltd's deal to buy 15 per cent in the country's second biggest oil field of Vankor from Rosneft for USD 1.268 billion
Mar 25, 2016, 17:48 PM IST
Iran boosts oil production, condemns new sanctions
Iran announced a major boost in oil production Monday after the lifting of sanctions under its nuclear deal, while condemning new US measures against its missile programme.
Jan 19, 2016, 00:04 AM IST
Oil prices edged up after recent losses
Oil prices edged up in Asia on Thursday, lifted by bargain-hunting following a sharp decline the day before, although analysts said the market remains hobbled by an oversupply of the commodity.
Oct 22, 2015, 09:51 AM IST
Oil prices plunge amid strong US dollar
Oil prices dropped on Tuesday as the stronger US dollar made the dollar-priced crude more expensive and less attractive for buyers holding other currencies.
Oct 20, 2015, 09:13 AM IST
Oil prices rebound in Asia on bargain-hunting
Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.
Oct 13, 2015, 10:27 AM IST
Oil prices sustain rally
Buoyant oil prices sustained a rally in Asia on Wednesday driven by hopes the crude supply glut would ease and expectations the US central bank would hold off from raising interest rates.
Oct 07, 2015, 09:23 AM IST
Oil extends gains in Asia
The number of active rigs in the United States fell by 26 to 614 last week, the lowest in five years, helping ease concerns over the global crude oversupply that has depressed prices.
Oct 05, 2015, 09:25 AM IST
Oil prices edge up after sharp falls in previous session
Crude prices fell on Monday with the onset of lower demand autumn trading and as weak economic data out of China and soft gasoline prices pressured the market.
Sep 15, 2015, 08:28 AM IST
