OPEC urges members to lobby against US NOPEC bill and outline risksA US House panel passed a bill this week to open the Organization of the Petroleum Exporting Countries to lawsuits for collusion in boostin...
23 Apr, 2021, 10.20 PM IST
OPEC sees positive oil market outlook, but downside risks persist"We have come a long way from a year ago," Mohammad Barkindo said. "The days of GDP and oil demand figures being in the red because of the ...
02 Mar, 2021, 10.55 PM IST
OPEC chief optimistic about 2021 recovery but uncertainty remains"While there are grounds for optimism that 2021 will be the year of recovery ... there are many other uncertainties that lie ahead," Mohamm...
17 Feb, 2021, 08.43 PM IST
India blames Saudi oil output cut for surge in oil pricesTop exporter Saudi Arabia has pledged additional voluntary output cuts of 1 million barrels per day (bpd) in February and March under a dea...
19 Jan, 2021, 10.33 PM IST
Most OPEC+ producers oppose Feb output increase -sourcesOPEC+, which groups OPEC and other producers including Russia, meet on Monday, a day after OPEC Secretary General Mohammad Barkindo warned ...
04 Jan, 2021, 08.38 PM IST
Do not expect renewed oil collapse: OPEC chiefOPEC's Mohammad Barkindo was giving a speech at the virtual India Energy Forum by CERAWeek.
26 Oct, 2020, 07.15 PM IST
OPEC+ will ensure oil prices do not plunge again, says OPEC chief"We have to be realistic that this recovery is not picking up pace at the rate that we expected earlier in the year," he said. "Demand itse...
15 Oct, 2020, 06.35 PM IST
OPEC chief sees oil market moving closer to balance before key meetingAfter July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken. A panel called the J...
13 Jul, 2020, 08.29 PM IST
India urges against more output cuts; Opec won’t let slump recurOpec has said that it will do whatever is possible to ensure that stability in oil production is sustained. India is a key consumer and has...
16 Oct, 2019, 09.24 AM IST
Oil rebounds as OPEC output cuts seen deeper than expectedBenchmark Brent crude futures were up 41 cents, or 0.75 per cent.
21 Dec, 2018, 02.47 PM IST
Opec to release country quotas for oil output cut: DocumentThe Opec secretariat plans to publish the table below by the end of this week, he added.
20 Dec, 2018, 04.13 PM IST
Opec urges producers to ramp up investment amid shrinking spare oil capacityBrent crude breached four year highs to reach $86.74 a barrel earlier this month, the highest since 2014.
16 Oct, 2018, 03.31 PM IST
Oil ministers, executives to debate energy futureMinisters and officials from Nigeria, Japan, Russia, China, USA, International Energy Agency, OPEC, CNPC, Total, and Exxon Mobil will also ...
10 Apr, 2018, 11.42 PM IST
Opec sees 'extraordinary' steps needed for market stabilityOpec and allied producers agreed in December to pare output to clear a glut and bolster oil prices.
09 Oct, 2017, 12.53 PM IST
OPEC should go for 'responsible pricing', says oil minister Dharmendra Pradhan"Pradhan reiterated that the OPEC should work towards 'responsible pricing', which is important for India for socio- economic and developme...
08 Oct, 2017, 08.30 PM IST
OPEC hails GST, demonetisation moves of IndiaThe statement quoted Barkindo as describing India as “a global economic powerhouse“ on back of “high growth rates, dynamic services."
24 May, 2017, 11.03 AM IST
OPEC applauds GST, demonetisation moves by PM Narendra ModiOPEC Secretary General HE Mohammad Sanusi Barkindo said India has become a “global economic powerhouse” with which the cartel wanted to exp...
23 May, 2017, 12.58 AM IST