OPEC production cut

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 production cut: Higher oil prices a risk to India's growth trajectory, says Pradhan

With oil cartel OPEC cutting production for the first time since 2008 leading to a surge in oil prices, India on Monday said higher rates will risk the country's growth trajectory and pitched for striking a balance between interests of producers and consumers.

Dec 05, 2016, 14:25 PM IST

OPEC agrees modest oil output curbs in first deal since 2008

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group`s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

Sep 29, 2016, 11:18 AM IST

Oil prices drop on weak demand, potential Iran deal

Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted.

Mar 30, 2015, 12:29 PM IST