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Thursday, September 4, 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

On Arundhati Roy, mother-daughter conflicts, and the burden of being a ‘good mother’

When reading the book, one can see Roy’s mother as a 'fascist government' unto herself, the centre of her own cult. In Arundhati’s words, Mary Roy was ‘mother guru’.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Loyal wingman’ to full ICBM triad & air defence, China’s show of power at Victory Day parade

China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.