After long deliberations in Vienna, Austria, the OPEC announced that it will restrict the supply of oil for another nine months in a bid to support prices. The...
Recently two tankers were targeted in suspected attacks near the strategic Strait of Hormuz which is a vital waterway for global oil shipments. Strait of Hormuz The Strait...
Qatar has announced its withdrawal from Organization of Petroleum Exporting Countries (OPEC) from January 2019 and focus more on the production of natural gas. It makes Qatar first...
Joint Comprehensive Plan of Action or JCPOA is an agreement of China, France, Germany, Russia, the UK, the US and the European Union (EU) with Iran signed in 2015....
India is coordinating with China and other Asian countries to raise voice against Asian premium charged by Organisation of the Petroleum Exporting Countries (OPEC). Indian Oil Corporation Chairman...
Oil prices have increased more than 5 percent after the OPEC and non-OPEC producers came together to put curbs on oil production and ease global saturation. The step...
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut 1.2 million barrels of oil a day from its output to 32.5 million barrels beginning from...
According to the shipping data, Iran overtook Saudi Arabia to become India’s top oil supplier in October. Generally, Iran used to be the second biggest oil supplier of...
The Organisation of Petroleum Exporting Countries (OPEC) reached an agreement to cut oil production for the first time since 2008 after an informal meeting in Algiers, Algeria. It...
Oil Ministers of the 12 oil exporting group OPEC will meet in Vienna It is expected that the group will maintain the ceiling of 30 million barrels oil...
