The UAE's reported exit from OPEC+ is sparking concerns about the alliance's long-term cohesion, though immediate market disruption is limi...

During recent global crude price volatility linked to West Asia tensions, retail fuel prices in India remained largely unchanged, unlike in...

Saudi Arabia significantly boosted oil production in February as a safeguard against potential disruptions from U.S. and Israeli strikes on...

The eight OPEC+ members raised production quotas by about 2.9 million bpd from April through December 2025, roughly 3% of global demand, be...

After years of slashing output to prop up prices, key members of the OPEC+ group, including Saudi Arabia and Russia, surprised markets earl...

Vandana Hari of Vanda Insights suggests OPEC+ will likely proceed with easing production cuts. This decision stems from internal group dyna...

The US benchmark, NYMEX futures, slipped below $70 a barrel last week while its Asian counterpart, Brent crude, traded at a six-month low o...

The Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil p...

But the other thing that was a major dampener on the markets and partly explains OPEC's latest move is that Chinese oil demand rebound has ...

“Demand generally is softening and that is a bearish pressure on crude prices but we still have to see what happens around the December 5 b...

“I expect a rollover or a token cut in the OPEC Plus meeting. They increased production by about 100,000 barrels per day for September whic...

To suggest that the current supplydemand is balanced at the existing production levels is aresponse oblivious to the kind of chaos that we ...

“Neither the US, nor India has made a call to Opec to put more oil in the market as we saw more than a year ago. ”

West Texas Intermediate, the U.S. bench mark, rose as high as $76.98 a barrel earlier in the day, its highest in more than six years, befor...

Spokesperson in the Ministry of External Affairs Arindam Bagchi also said that crude supply should be market determined rather than artific...

“I see Saudi Arabia and within that the Crown Prince MBS and his strategy written all over yesterday’s decision.”

The group has to reach agreement among its member countries and the additional members in the group known as OPEC Plus, which is led by Rus...