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Wednesday, April 24, 2024
TopicOPEC

Topic: OPEC

The world is on the brink of running out of places to store oil

With only 1.6 billion barrels of storage capacity available, producers will be forced to cut output soon as there’ll be no place left to put unwanted crude.

What really led to oil prices crash that hit the stock markets

In Episode 410 of #CutTheClutter, Shekhar Gupta lays out the factors that have come together to cause the current market crisis.

India set to gain on OPEC deal failure after oil windfall on coronavirus

Oil buyers will be 'spoiled for choice' as the supply of high-sulfur crude, which has tightened after US sanctions on Iran and Venezuela, will become more readily available now.

Oil price crashes to $31 a barrel, the worst loss since 1991 Gulf War

With oil demand already plummeting due to the economic impact of the coronavirus, traders forecast that prices will go even lower.

Why it’s time to scrap OPEC+

The expansion of OPEC into OPEC+ has added a new layer of complexity to the decision-making process while contributing little in the way of real output cuts.

New political crises in OPEC trigger risk for global oil supplies

Unrest in Iraq & Iran, economic collapse in Venezuela, discontent in Algeria & missile attack on Saudi Arabia aren’t good news for oil supplies.

India asks OPEC not to cut oil production, seeks better commercial terms

In a meeting with OPEC Secretary-General Mohammad Sanusi Barkindo, Oil Minister Dharmendra Pradhan pitched for better terms like reduction in selling price and extension of credit period.

The world’s oil glut is much worse than it looks

With demand growth weakening and non-OPEC supply rising, oil-producing nations may to have to consider both longer and deeper cuts.

OPEC+ to grapple with Iran crisis as ministers meet in Jeddah

OPEC’s unity will be tested as Saudi Arabia moves to increase crude oil production, and, in the process, take away Iran’s customers.

Venezuela oil czar courts India after $20 billion hit from US

India is set to emerge as Venezuela’s preferred customer due to the nation’s willingness to pay for crude in cash.

On Camera

Imtiaz Ali obsesses over vulgarity, misses Chamkila’s cultural resistance against purity

Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India and Japan hold 10th round of consultations on disarmament, non-proliferation, and export control

The two sides also discussed ways to strengthen cooperation in outer space security, conventional weapons, and export control

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.