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NON OPEC
Russia's oil major says US companies benefit from the closure of the Strait of HormuzRosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...06 Jun, 2026, 03.28 PM IST- The Ukraine war is changing. European allies' strategy must change tooUkraine's war effort has shifted, with drones dominating the battlefield and blunting Russia's advantages. While Russia faces higher casual...19 May, 2026, 10.09 AM IST
- Oil market enters tight supply phase after years of underinvestment: Nikhil BhandariGlobal energy markets are entering a structurally tighter phase due to years of underinvestment in crude oil and refining. While renewables...12 May, 2026, 02.07 PM IST
- UAE defends OPEC exit; Warns Hormuz must stay open amid West Asia tensionsThe UAE has exited OPEC and OPEC+ stating it is a sovereign decision. This comes after an ADNOC tanker was hit by Iranian drones in the Str...05 May, 2026, 12.39 AM IST
- Oil Price Today (May 4): Crude oil dips below $110, falls for second session. What’s behind the decline?Oil prices saw a slight dip on Monday. This comes as markets consider U.S. President Donald Trump's initiative to free ships stuck in the S...04 May, 2026, 07.36 AM IST
- Italian Defence Minister Crosetto’s bilateral visit strengthens the Indo-MediterraneanRising conflicts in the Indo-Mediterranean, especially after the October 7 attack on Israel and disruptions like the Strait of Hormuz closu...01 May, 2026, 09.51 PM IST
- OPEC just lost one of its biggest players — here's the inside story of the UAE's exit and what the Saudi-UAE split really means for OPEC's market powerUAE Quits OPEC: How the World's Energy Map Just Shifted Permanently. The UAE's departure from the Saudi Arabia-led cartel is being called t...30 Apr, 2026, 08.29 PM IST
- Oil Price Today (April 30): Crude oil soars 7% to $126, highest level since 2022. What are experts saying?Oil prices surged to their highest levels since mid-2022 amid growing concerns over a prolonged U.S. blockade on Iranian exports and stalle...30 Apr, 2026, 02.24 PM IST
- LPG under-recoveries may hit Rs 80,000 crore in FY2027 amid West Asia disruptions: ICRAIndian oil companies face significant financial strain. LPG under-recoveries may reach Rs 80,000 crore by FY2027. Supply disruptions and hi...29 Apr, 2026, 02.42 PM IST
- Banking, financials remain strong play despite near-term volatility: Sunil SubramaniamCrude oil prices and UAE's role in OPEC+ are influencing Indian markets. Experts suggest oil prices may fall in the medium term, easing con...29 Apr, 2026, 12.57 PM IST
- Iran's economy has been battered. Its leaders still think Trump will blink firstIran's economy faces severe disruption from U.S. and Israeli strikes. Factories are shut, leading to mass job losses and soaring prices for...28 Apr, 2026, 11.33 PM IST
- Why is the UAE, OPEC’s third-largest oil producer, leaving OPEC? Will Iraq or Kuwait leave next, and what it means for oil prices and the cartel’s futureWhy is UAE leaving OPEC, will Iraq or Kuwait leave next? Nearly 3.5 million barrels per day are now at stake. The Organization of the Petro...28 Apr, 2026, 07.39 PM IST
- Oil has run up too far, too fast; correction ahead?Opec output also continues to be lower in YoY comparisons and compliance is improving.24 Jan, 2018, 12.12 PM IST
- Non-Opec output continues to restrict crude oil gainsIil production in the US may plateau in the near term and help prices see a modest recovery.10 Jul, 2017, 07.58 PM IST
- Petrobras turnaround could yield first dividend in years in 2017Rising output in Brazil's prodigious offshore fields is helping Parente turn Petrobras around from its nadir in 2014, when the firm last pa...18 May, 2017, 10.29 AM IST
- India sees oil touching $60 a barrel before retreatingA deal between OPEC and non-OPEC members to cut output for the first time since 2008 has led to a 15 per cent surge in crude oil prices in ...15 Dec, 2016, 06.47 PM IST
- Goldman warns oil may tumble back to $40 if OPEC deal failsThe lack of progress on implementing quotas and the growing discord between OPEC producers suggests a declining probability of reaching a d...01 Nov, 2016, 01.06 PM IST
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