OPEC chief Abdullah el-Badri confident of a balanced oil market in 2016Badri also admitted that the "market remains oversupplied", and insisted that stability is paramount to the crude market which faced "extre...
12 Oct, 2015, 02.24 AM IST
- Arab world to remain key global energy source for decades
Arab countries will remain the world's main energy supplier for decades to come, with more than half of proven global oil reserves, speaker...
10 May, 2010, 04.13 PM IST
- Oil jumps above $78 on emergency rescue deal
US oil prices rallied more than $3 per barrel to above $78 on Monday after policymakers agreed a rescue package worth around $1 trillion to...
10 May, 2010, 03.30 PM IST
- Oil prices mixed in Asian trade
Oil prices were mixed in Asian trade on Tuesday following news that OPEC's crude-producing nations were set to hold output quotas unchanged...
22 Dec, 2009, 09.05 AM IST
- OPEC postpones production cut, sees oil at $75
OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices ...
01 Dec, 2008, 12.00 AM IST
- Opec says it’s helpless to curb soaring crude price
Opec president Chakib Khelil rebuffed on Tuesday, calls from oil consuming countries to increase supply, saying that the cartel had already...
25 Jun, 2008, 01.25 AM IST
- Saudi oil-price meet to be at head-of-state level: OPEC chief
A meeting due June 22 in Saudi Arabia for the world's biggest oil producers and consumers to discuss record-high crude prices will be at he...
12 Jun, 2008, 02.26 AM IST
- Oil prices jump above $136 as US crude reserves tumble
Oil prices jumped more than $4 to above 136 dollars a barrel after news that US crude reserves sank. Gainers & Losers I Watch: Praful pushe...
11 Jun, 2008, 10.30 PM IST
- Saudi oil meeting scheduled for June 22: OPEC
Saudi Arabia is to host a meeting of oil producers and consumers on June 22, OPEC Secretary General Abdalla El-Badri told reporters on Tues...
10 Jun, 2008, 11.25 PM IST
- Oil producers reject raising output
Oil-producing countries have rejected calls to raise output amid record prices, five times higher in as many years, saying the rise in dema...
20 Apr, 2008, 11.08 PM IST
- No OPEC meeting at the IEF: OPEC sec-gen
OPEC Secretary-General Abdullah al-Badri said on Saturday he did not think OPEC ministers will meet together when they attend the Internati...
20 Apr, 2008, 02.52 AM IST
- Oil trades slightly lower in Asia after near-record surge
World oil prices traded slightly lower in Asia on Tuesday after comments by the OPEC cartel and an inflow of investor money helped prices s...
08 Apr, 2008, 08.50 AM IST
- Oil prices breach $107 after OPEC rejects output hike calls
Oil prices jumped above 107 dollars per barrel on Monday after OPEC oil exporters rejected Western calls to increase output and dampen the ...
07 Apr, 2008, 05.15 PM IST
- Oil prices higher in Asian trade
Oil prices rose in Asian trade Thursday despite a report showing increasing US crude reserves and US President George W Bush's call for OPE...
17 Jan, 2008, 02.01 PM IST
- Bush voices hope of OPEC output hike
US President George W Bush voiced hope OPEC will increase oil output to combat high world prices, after his talks with King Abdullah of Sau...
16 Jan, 2008, 05.22 PM IST
- OPEC to launch environment fund to reduce carbon emission
Organisation of Petroleum Exporting Countries (OPEC) is likely to launch an environment fund to cut carbon emissions.
17 Nov, 2007, 08.30 PM IST
- Oil prices higher as traders fret over US gas stocks
Oil prices were higher in Asian trade on Thursday as the market continued to fret over US gasoline (petrol) reserves, dealers said.
12 Jul, 2007, 08.26 AM IST