OPEC+ set for fourth oil quota hike since Hormuz closure, sources sayOPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...
07 Jun, 2026, 01.15 PM IST
OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources saySeven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group m...
21 May, 2026, 09.25 PM IST
OPEC+ set to approve third supply increase since Hormuz disruption, sources sayOPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of ...
03 May, 2026, 02.24 PM IST
OPEC+ to make first post-UAE production decisionSeven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle Eas...
03 May, 2026, 09.20 AM IST
Why UAE stepped away from OPEC amid Iran war and soaring crude oil pricesUnited Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...
30 Apr, 2026, 03.08 PM IST
UAE's OPEC exit: With cartel cracked, oil spills over geopoliticsIn a dramatic turn of events, the United Arab Emirates has officially exited OPEC, signaling a significant transformation within the global...
29 Apr, 2026, 09.31 PM IST
Global Market: Emerging markets face mounting economic pressure amid Iran war disruptionsThe Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...
28 Apr, 2026, 10.28 AM IST
Saudi Arabia and Russia to drive more than 60% of oil production increments from MayRussia and Saudi Arabia will provide 60 per cent of the total production increments scheduled for May 2026, leading a collective move by ei...
06 Apr, 2026, 08.30 AM IST
WTI oil prices fall as risks from Kazakh production halt subsideCrude oil prices dipped on Wednesday, with West Texas Intermediate falling as geopolitical tensions and anticipated U.S. inventory builds o...
21 Jan, 2026, 07.12 AM IST
Russian oil output rises in October, OPEC data showsRussian oil output increased in October, reaching 9.382 million barrels per day. This rise comes as global oil producers continue to boost ...
12 Nov, 2025, 07.08 PM IST
Russia's Orenburg plant restarts taking gas from Kazakhstan field, energy minister saysAfter a recent drone attack that put a hold on its operations, Russia's Orenburg gas plant is back in action, once again sourcing natural g...
22 Oct, 2025, 01.39 PM IST
Oil prices set for weekly drop with tariff legal battles, OPEC+ in focusBrent crude futures slipped 26 cents, or 0.41%, to $63.89 a barrel by 0104 GMT. U.S. West Texas Intermediate crude fell 27 cents, or 0.44%,...
30 May, 2025, 07.25 AM IST
OPEC+ to further speed up oil output hikes, four sources sayOPEC plus is likely to increase oil production further. The group may reverse voluntary output cuts by October. This decision follows conce...
04 May, 2025, 04.26 PM IST
Kazakhstan's oil output down in early April, still above OPEC+ quota, source saysKazakhstan's oil output experienced a decrease in early April compared to the March average, primarily due to reduced production at the Ten...
14 Apr, 2025, 08.24 PM IST
OPEC+ unexpectedly speeds up oil output hikes, oil dropsEight OPEC+ countries have agreed to increase oil output by 411,000 barrels per day in May, surpassing their initial plan. This decision ai...
04 Apr, 2025, 07.40 AM IST
Oil drops for 2nd session on concerns over rising COVID-19 casesOil lost more ground on Monday as rapidly climbing cases of the Omicron COVID-19 variant hit economic activity, although losses were curbed...
10 Jan, 2022, 07.19 AM IST
Oil prices jump on supply worries amid Kazakhstan unrestOil prices rose on Friday as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the sam...
07 Jan, 2022, 08.34 AM IST