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OIL CARTEL
The likely loser in Gulf's post-war race for oil market shareUnited Arab Emirates is leading oil producers in a fierce market share battle. Saudi Arabia and other Gulf nations are increasing exports s...07 Jul, 2026, 11.59 AM IST- Fall in global crude prices brightens fiscal outlook, El Nino risks lingerEasing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previo...06 Jul, 2026, 09.17 AM IST
- Oil Price Today (July 6): Crude oil extends fall, hovers below $72. Here are 2 major reasons for the declineBrent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 ...06 Jul, 2026, 09.00 AM IST
- OPEC+ tipped to raise quotas again as Middle East calmsSeven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from dis...05 Jul, 2026, 08.33 AM IST
- As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...07 Jun, 2026, 01.34 PM IST
- UAE oil giant ADNOC pledges $55 billion in new projects by 2028: statementThe Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the Unit...03 May, 2026, 06.23 PM IST
- What is Cartel de los Soles and is this conflict about drugs or Venezuela's vast oil reserves? Explainer on US Venezuela tensionsWhat is Cartel de los Soles and is this conflict about drugs or Venezuela's vast oil reserves? This explainer outlines Venezuela’s oil rese...30 Nov, 2025, 04.25 AM IST
- OPEC+ will buckle under pressure from Trump who has history of bashing the oil cartelDonald Trump has a long history of criticising OPEC for high energy costs, which continued shortly after his inauguration. He called on Sau...29 Jan, 2025, 12.13 PM IST
- Oil will be world's No. 1 energy source for decades: OPECOPEC says that more EVs on the road will indeed usher in an era of declining demand for oil in rich countries. But the energy needs of expa...28 Sep, 2021, 07.37 PM IST
- Stop charging premium from Asian buyers: India to OPECDharmendra Pradhan said OPEC should work towards "responsible price", which would allow major consuming countries to provide energy to the ...23 May, 2017, 12.52 AM IST
- OPEC sees pressures on oil prices easingMarket pressures that slashed the price of oil to below $50 per barrel appear to be easing, the OPEC oil cartel said Monday.12 Oct, 2015, 05.03 PM IST
- OPEC 'comfortable' with oil price: HeadOPEC is "comfortable" with the current oil price, but would like it to be higher, the oil cartel's chief Abdalla Salem El-Badri said.09 Jul, 2009, 01.49 AM IST
- OPEC head flags possible oil output cut: ReportCurrent OPEC president Jose Maria Botelho de Vasconcelos of Angola said Monday the oil cartel could decide to cut output again this month.09 Mar, 2009, 06.52 PM IST
- OPEC's President invites Russia to cut output and join the oil cartelChakib Khelil, the President of Organisation of Oil Exporting Countries (OPEC) has expressed the hope that Russia would join the oil cartel...16 Dec, 2008, 01.14 PM IST
- Russia does not rule out joining OPEC: MedvedevRussia is ready to join forces with OPEC to stem the plunge in crude prices and could even become part of the oil cartel if membership were...12 Dec, 2008, 02.40 AM IST
- OPEC to keep markets 'well supplied:' UAEEmirati Oil Minister Mohammed al-Hamili said on Monday that OPEC would keep world markets "well supplied", as he left for a meeting of the ...09 Sep, 2008, 03.44 AM IST
- Likely gas cartel portends a bad omen for IndiaIt was early September 1960, close to half a century ago when the first seeds of an oil cartel was sown by five oil producing nations - Ira...20 Feb, 2007, 05.59 AM IST
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