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1-10 results from 723 for query «opec»

15 January, 2019 2:35 AM Oil prices edge up on supply cuts, but weakening economic outlook caps gains

Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains. US West Texas Intermediate (WTI) crude futures were at $50.78 per barrel at 0041 GMT, up 27 cents, or 0.5 percent, from their last settlement. "The impact of OPEC+ cuts, Iran sanctions and lower month-on-month growth 128

2 January, 2019 2:38 AM Fuel prices remain constant after cut for several days

The prices of petrol and diesel remained constant on Wednesday, after several days of price cut. The price of petrol in the national capital was constant at Rs 68.65 per litre and that in Mumbai was Rs 74.30 per litre, according to the Indian Oil Corporation (IOC) data. The diesel price in Delhi remained at Rs 62.66 per litre and its price in Mumbai 132

20 December, 2018 9:56 AM OPEC to release country quotas for oil output cut: Document

Oil producer group OPEC plans to release a table detailing voluntary output cut quotas for its members and allies such as Russia in an effort to shore up prices, OPEC's secretary-general said in a letter seen by Reuters on Thursday. Mohammad Barkindo said to reach the proposed cut of 1.2 million barrels per day, the effective reduction for member countries 106

7 December, 2018 10:52 AM OPEC ministers, Russia, meeting for oil production cut talks

OPEC countries are mulling a possible cut to oil production in an attempt to stabilize prices as they meet for a second straight day. Heavyweight Saudi Arabia has been pushing a cut of about 1 million barrels a day, but the oil cartel was not able to make a decision on December 6. Analysts say they're likely waiting to hear from non-OPEC Russia to better 82

7 December, 2018 3:30 AM Rupee gains 35 paise Vs dollar in early trade

The Indian rupee gained in the early trade on Friday. It opened higher by 35 paise at 70.55 per dollar on Friday versus previous close 70.90 per dollar. Rupee weakened sharply against the US dollar ahead of the important OPEC meeting that was scheduled last evening. In the second half of the session rupee rose after oil prices came under pressure following 65

5 December, 2018 4:24 PM Keep Oil Flowing, Says Trump Ahead Of Oil-Exporting Nations' Group Meet

OPEC meets in Vienna on Thursday. Official U.S. government oil production and inventory data are also due on Thursday. U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide. "Hopefully OPEC will be keeping 91

3 December, 2018 6:55 AM Crude reality remains restricted to demand-supply, even as OPEC meets on December 6

In the upcoming meeting of OPEC on December 6, it is widely believed that Saudi Arabia may not cut its crude oil production by much, if at all It is estimated that a $10 per barrel increase in crude oil prices increases the current account deficit of India by $15 billion, or around 0.50 percent of GDP. Rising crude oil prices have also a profuse knock-on 67

3 December, 2018 6:27 AM Qatar To Leave Oil-Exporting Nations' Group OPEC

The decision to withdraw from OPEC came after Qatar reviewed ways to enhance its role internationally and plan its long-term strategy, al-Kaabi told a news conference. Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the country's energy minister said on Monday. The decision came after 87

28 November, 2018 9:41 AM IOC, HPCL, BPCL fall up to 4.5% after crude oil prices rise above $61 a barrel

As the crude is raw material for these companies, any ups and downs in oil prices always have direct impact on their operational income. Oil prices rose by more than 1 percent, pushed up by a North Sea production outage and expectations in the market that OPEC will next week decide to implement some form of supply cut to counter an emerging glut. US West Texas 85

13 November, 2018 2:20 AM Oil prices fall after Trump calls on OPEC not to cut supply

Oil prices fell by more than one percent early on Tuesday after US President Donald Trump put pressure on OPEC not to cut supply to prop up the market. US West Texas Intermediate (WTI) crude oil futures were at $59.00 per barrel at 0014 GMT, down 93 cents, or 1.6 percent from their last settlement. International benchmark Brent crude oil futures had yet to trade 107