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OPEC+

OPEC+ likely to agree to delay December output hike for one month

Oil prices closed on Friday just above $73 a barrel, supported in part by the prospect of a further delay to the OPEC+ increase. Brent crude is still close to its lowest levels this year, reached in September.

03 November 2024, 16:44 IST

OPEC+ likely to agree to delay December output hike for one month

OPEC+ likely to agree to delay December output hike for one month

OPEC+ likely to agree to delay December output hike for one month

03 November 2024, 16:44 IST

The oil price that matters now is $50 a barrel, not $100

For the last three years, OPEC+ has focused on keeping oil prices as close to $100 as it could by keeping global inventories tight.

03 October 2024, 05:15 IST

The oil price that matters now is $50 a barrel, not $100

The oil price that matters now is $50 a barrel, not $100

The oil price that matters now is $50 a barrel, not $100

03 October 2024, 05:15 IST

OPEC+ ministers keep oil policy steady, focus on compliance

The talks are focusing on compliance with output cuts and ministers are likely to adjust compensation schedules for those countries that have been pumping above their targets.

02 October 2024, 14:50 IST

OPEC+ ministers keep oil policy steady, focus on compliance

OPEC+ ministers keep oil policy steady, focus on compliance

OPEC+ ministers keep oil policy steady, focus on compliance

02 October 2024, 14:50 IST

Russia says OPEC+ ceding oil market share for long-term stability

The market share of OPEC+, formed in late 2016 by the Organization of the Petroleum Exporting Countries and allies led by Russia, has slipped to all-time lows after output cuts since 2022 and supply increases by the US and other producers, according to the International Energy Agency.

01 October 2024, 00:41 IST

Russia says OPEC+ ceding oil market share for long-term stability

Russia says OPEC+ ceding oil market share for long-term stability

Russia says OPEC+ ceding oil market share for long-term stability

01 October 2024, 00:41 IST

The cheating game inside the OPEC+ oil cartel

Since the beginning of the year, the OPEC+ countries that are subject to output caps have pumped together more than 600,000 barrels a day above their self-imposed limits.

25 September 2024, 10:40 IST

The cheating game inside the OPEC+ oil cartel

The cheating game inside the OPEC+ oil cartel

The cheating game inside the OPEC+ oil cartel

25 September 2024, 10:40 IST

Oil up on firming demand, Mideast tensions underpin risk premium

Global benchmark Brent crude futures were up 21 cents, or 0.25 per cent, at $84.46 per barrel at 0001 GMT. US West Texas Intermediate crude futures were up 16 cents, or 0.2 per cent, at $80.49 a barrel.

18 June 2024, 02:30 IST

Oil up on firming demand, Mideast tensions underpin risk premium

Oil up on firming demand, Mideast tensions underpin risk premium

Oil up on firming demand, Mideast tensions underpin risk premium

18 June 2024, 02:30 IST

Russia’s Novak says oil prices slid due to misinterpretation of OPEC+ agreement

Novak expects oil prices to be around $80-85 per barrel by the end of the year. Brent crude is currently trading at $78.82.

06 June 2024, 15:41 IST

Russia’s Novak says oil prices slid due to misinterpretation of OPEC+ agreement

Russia’s Novak says oil prices slid due to misinterpretation of OPEC+ agreement

Russia’s Novak says oil prices slid due to misinterpretation of OPEC+ agreement

06 June 2024, 15:41 IST

Explained | Why does OPEC+ often clash over oil production capacity?

OPEC+ has been curbing output to support prices. But as many members rely on oil export revenues, they have an incentive to push for the highest production quota they can.

28 May 2024, 13:01 IST

Explained | Why does OPEC+ often clash over oil production capacity?

Explained | Why does OPEC+ often clash over oil production capacity?

Explained | Why does OPEC+ often clash over oil production capacity?

28 May 2024, 13:01 IST

Pop-Up Russian oil traders emerge as US tightens sanctions grip

Between January and February this year, three previously unknown entities— Blackford, Black Pearl and Vertex, have together played a significant role in supplying India’s private and state processors with Russian crude, said the traders and refinery executives, who asked not to be named as they’re not authorized to speak publicly.

19 April 2024, 04:59 IST

Pop-Up Russian oil traders emerge as US tightens sanctions grip

Pop-Up Russian oil traders emerge as US tightens sanctions grip

Pop-Up Russian oil traders emerge as US tightens sanctions grip

19 April 2024, 04:59 IST

Iraq, oil firms trade allegations over shut Turkey pipeline

The Iraq-Turkey oil pipeline (ITP) which once handled about 0.5% of global oil supply has been halted, stuck in legal and financial limbo, since March 2023.

25 March 2024, 10:27 IST

Iraq, oil firms trade allegations over shut Turkey pipeline

Iraq, oil firms trade allegations over shut Turkey pipeline

Iraq, oil firms trade allegations over shut Turkey pipeline

25 March 2024, 10:27 IST