Opec News

Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts. Announcements from several OPEC+ countries extend reductions of some 2.2 million barrels a day, the secretariat for the ...

Crude oil markets experienced a slip today, as Brent crude inched closer to $80 a barrel amid anticipation surrounding the upcoming meeting of the Organisation of the Petroleum Exporting Countries and their allies (OPEC+). Investors are on edge, awaiting a potential ...

Oil producers cartel OPEC's share in India's oil imports declined to an all-time low of 46% in April as purchases of cheaper Russian oil peaked, according to industry data. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the ...

The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities announced Wednesday. Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told The Associated Press. The reason for his death was not immediately known. Mele ...

Owing to the breakdown of a pipeline from Iraq to Turkey there have been raised concerns on the supply outlook for the oil commodity which has gained in price today for the fourth straight day to a 7-year high. Alongside, there ...

OPEC + ended the meet without reaching a deal as per the Bloomberg repot. The delegates who were mentioned in the report said days of hostile communication couldn't resolve the disagreement between the UAE and Saudi Arabia. Further as per the ...

On Monday, oil prices jumped by more than $1 per barrel after leading producers in OPEC + meet agreed to cut oil production given the slumping demand due to the pandemic. But the gains remained capped as there are still concerns ...