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THE ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES
US-Iran peace deal may help boost India's exports, stabilise rupeeA peace deal between the US and Iran is set to reopen the Strait of Hormuz. This agreement is anticipated to significantly boost India's ex...- India's Russian oil imports rise in May as refiners boost purchasesIndia continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...
- Oil nears two-month lows on reports of imminent US-Iran peace dealOil prices dropped significantly, reaching their lowest point in nearly two months as U.S. and Iranian officials indicated a potential agre...
- Turn for peace on the day Trump turns 80? US, Iran could sign MoU on SaturdayIranian foreign minister Abbas Araghchi posted on Friday on X that an agreement "has never been closer". He gave no details, saying a final...
- In new crude world order, US is largest exporter of crudeAmerica's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered ...
- Higher ethanol mix tax cut a good driveIndia is rolling out incentives for petrol mixed with higher ethanol percentages, marking a significant step in its commitment to bolster e...
- OPEC again lowers 2026 global oil demand growth forecastOPEC has reduced its 2026 oil demand growth forecast to 970,000 barrels per day. This marks a second consecutive cut. The group sees less i...
- OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...
- India-US energy cooperation could help drive USD 500 bn trade goal by 2030, report saysIndia and the United States can boost bilateral trade to USD 500 billion by 2030. Deeper cooperation in hydrocarbons is key. The energy rel...
- India-Oman trade pact to open huge export opportunities for labour-intensive sectors: ExpertsIndia and Oman's new trade pact unlocks significant export potential for sectors like textiles, gems, and marine products. This agreement a...
- $327.1 billion US exports in April touch record highAmerica's trade deficit shrank in April. This happened as exports of oil products and capital goods reached new highs. This trend could hel...
- US trade gap narrows in April on oil exports boostAmerica's trade gap narrowed in April. Energy exports surged due to Middle East conflict. This boosted overall exports. Imports also rose, ...
- Surge in India's engineering exports validation of country's progress: Commerce ministry officialThis expansion, despite a challenging global trade landscape, underscores the resilience of Indian exporters and their increasing contribut...
- India willing to open its market to high-quality, innovative pharma products, says commerce ministerIndia is ready to welcome high-quality global pharmaceutical products. This move is in exchange for better market access for Indian drug ex...
- Exports rise 15 per cent during April-May, government official saysIndia's merchandise exports show strong growth. Exports rose by 15 percent in April-May 2026-27. This happened despite global economic unce...
- Jharkhand exports first commercial mango consignment to UKJharkhand has achieved a significant milestone with its first commercial export of fresh mangoes to the United Kingdom. APEDA facilitated t...
- OPEC+ set for fourth oil quota hike since Hormuz closure, sources sayOPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...
- 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...
- India's fuel exports fall to lowest since 2022 amid refinery maintenance, domestic demandIndia's refined fuel exports dropped significantly in May, reaching their lowest point since October 2022. Refinery maintenance, particular...
- Fuel duty cuts can power export hikeIndia's fuel exports are set to rise following export duty cuts. This move aims to restore shipments to Europe and West Asia. High crude oi...
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