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COMPENSATE OVERPRODUCTION
OPEC+ adjusts August production, reaffirms stability commitment; next meet August 2Seven OPEC+ nations, including Saudi Arabia and Russia, have agreed to a 188,000 barrels per day production adjustment starting August 2026...- 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 ...
- OPEC oil output rises in July led by UAE and Saudi, survey findsOPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike wa...
- 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...
- Middle East share of India's November oil imports at 9-month high; Russia downIndia boosted Middle Eastern oil imports to a nine-month peak in November. Russian oil imports dipped to a three-quarter low. India importe...
- Govt slashes windfall tax on petroleum crude to Rs 1,850/tonneAfter the recent cut this month, the goverment on Friday reduced windfall gains tax on petroleum products to Rs 1,850/tonne from Rs 2,100/t...
- OPEC+ likely to proceed with planned output hike from October, sources sayOPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for o...
- Oil slips after large US crude stock buildBrent crude futures fell 34 cents, or 0.4%, to $81.26 a barrel at 0135 GMT, while U.S. West Texas Intermediate crude futures declined 36 ce...
- OPEC+ presses for compliance with oil cuts, Saudi says it's no 'act of charity'The panel of major producers, including Saudi Arabia and Russia, is unlikely to recommend any changes to their current output reduction tar...
- Oil steady as demand worries revive, crews return to US Gulf rigsPrices were mostly in negative ground in early trade after a bigger than expected rise in US distillate stockpiles, which include diesel an...
- Oil slips despite high OPEC+ complianceBrent crude was 22 cents, or 0.5%, lower at $45.15 a barrel by 1352 GMT, having gained 1.3% on Monday. U.S. crude slid by 41 cents, or 1%, ...
- Oil firms on US stimulus hopes, Asian demand recoveryPrices found support after U.S. President Donald Trump tweeted that top congressional Democrats wanted to meet with him on coronavirus-rela...
- Oil prices back on the rise on U.S. stimulus hopes, Iraq output cutU.S. West Texas Intermediate (WTI) crude futures rose 49 cents, or 1.2%, to $41.71 a barrel at 0010 GMT, while Brent crude futures were up ...
- Oil prices rise on faith in supply cuts, demand recoveryU.S. West Texas Intermediate (WTI) crude futures climbed 23 cents, or 0.6%, to $39.07 a barrel at 0209 GMT, while Brent crude futures rose ...
- Opec+ pushes for compliance, undecided on oil cut extensionAfter July, the cuts are due to taper to 7.7 million bpd until December.
- Opec+ ministers meet to review oil cuts, complianceOpec+ has been cutting output by a record 9.7 million barrels per day (bpd) since May 1.
- Opec+ to meet Saturday on extending cuts, pushing for complianceCuts have been due to taper to 7.7 million bpd from July to December.
- Saudi, Russia reach deal on oil cuts, raising pressure for complianceOpec+ agreed to cut output by a record 9.7 million barrels per day.
- Select states not in favour of GST rate cut for auto, fear revenue lossStates claimed that GST is not behind the slump in the auto sector.
- Too much oil on the market: Iran oil ministerIran's oil minister suggested Saturday that a weekend OPEC meeting should decide to cut back on crude output, adding his voice to those in ...
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