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Monday, July 28, 2025
TopicOPEC

Topic: OPEC

Why Saudi Arabia and UAE need to remain friends despite their OPEC fight

Faced with foreign policy challenges of rising Iranian menace to the Middle East and US retrenchment from region, Saudi Arabia & UAE know they can’t let their differences get out of hand.

Modi govt again urges OPEC+ to boost oil supply as rising fuel prices push inflation

It’s not the first time that India has voiced concern over OPEC’s output policy. In Jan, Oil minister Dharmendra Pradhan said OPEC's policy was 'creating confusion for consuming countries'.

Why India is buying more crude oil from Africa & North America and not Middle East

India's shift to exporters like US and Nigeria comes amid an increased demand for gasoline, as the pandemic pushes people to private cars instead of public transport.

OPEC’s got to play the coronavirus waiting game ahead of crucial meetings

The Covid pandemic’s persistence means oil producers can’t relax just yet. Oil demand hasn’t recovered as fully, or as rapidly, as they’d hoped.

Oil markets cheering the prospects of Covid vaccine, but here is why OPEC+ can’t celebrate

The alliance of producers is discussing a delay of the supply boost they’d hoped to make in January as demand is suffering a fresh blow from the pandemic's resurgence.

Recovery in oil consumption could take decades as aftermath of Covid crisis remains unclear

After the oil-price slump of the mid-1980s, it took two decades for prices to return to their previous levels — longer if you build in the effects of inflation.

Oil price falls below zero dollar a barrel, that’s right – below $0

The world’s most important commodity is quickly losing all value as chronic oversupply overwhelms the world’s crude tanks, pipelines and supertankers.

Oil price falls to 21-year low as demand sinks and the world runs out of storage

New York futures fell to less than $16 a barrel as deal by OPEC+ and other producers failed to counter the demand hit from a crippled global economy.

The historic oil price truce among OPEC+ countries won’t last

Don’t be surprised if the war over market share between Saudis, Russians and Americans resumes once the lockdowns ease and people want oil again.

Oil prices begin climbing after historic OPEC+ deal to cut production

Futures in London rose around 5% to near $33 a barrel after OPEC+ alliance agreed to slash production by 9.7 million barrels a day.

On Camera

Dhankhar’s resignation: How Modi-Shah’s ‘capable’ BJP has served another strong message to RSS

One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.

Unclaimed deposits worth Rs 67,000 crore lying in banks, 87% in public sector banks alone, Parliament told

SBI holds Rs 19,239 crore in unclaimed deposits, or 26% of the abandoned money in public banking system. PNB, Canara Bank follow.

India wanted a stable, prosperous Pakistan but our peace efforts were mistaken for weakness: Rajnath

Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.

Modi’s Bharat vs Indira’s India: 11-yr report card of politics, diplomacy, economy, nationalism

As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.