Tag: OPEC

Oil Secretary Pankaj Jain indicated that petrol and diesel prices could be lowered if global crude rates stay low. With Brent crude recently dropping below $70 per barrel, state-run fuel companies are considering reducing prices to align with favorable market conditions.
Posted in Business

Petrol, diesel prices to be cut soon? What Oil Secretary said on likely decision

Sep 12, 2024 01:50 PM IST State-run fuel companies may soon cut petrol and diesel prices if global oil prices remain low, according to Oil…

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Iranian Oil: Abundant, cheap Iranian oil supply to cap Russian prices in China - sources
Posted in China News

Iranian Oil: Abundant, cheap Iranian oil supply to cap Russian prices in China – sources

SINGAPORE: Rising prices of a popular Russian crude sold to China are poised to peak soon as more independent refiners are likely to switch to…

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Saudi Arabia says oil cuts show not at odds with Russia
Posted in Middle East News

Saudi Arabia says oil cuts show not at odds with Russia

VIENNA: Saudi Arabia on Wednesday dismissed talk of discord with oil ally Russia, praising their coordinated decisions to remove barrels from the market in efforts…

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mpc: MPC Minutes: War against inflation not yet won, premature to declare end to tightening cycle, says Jayanth Varma
Posted in Economy

mpc: MPC Minutes: War against inflation not yet won, premature to declare end to tightening cycle, says Jayanth Varma

The war against inflation has not yet been won and it will be premature to declare an end to the tightening cycle, said the Reserve…

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india: India talks tough on Russian oil imports, says will look for best deal
Posted in Economy

india: India talks tough on Russian oil imports, says will look for best deal

India will explore buying Russian crude oil near or past the price cap imposed by the G-7 as it navigates external risks it sees as…

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Posted in Economy

adb: ADB lowers India growth estimate to 6.4%

Global slowdown, tight monetary conditions, and elevated oil prices are expected to moderate India‘s growth to 6.4% in 2023-24 from 6.8% in FY23, Asian Development…

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opec output cut: OPEC’s surprise cut may put India's resolve to fight economic agonies on greasy field
Posted in Economy

opec output cut: OPEC’s surprise cut may put India’s resolve to fight economic agonies on greasy field

Surprise output cut by oil cartel OPEC+ has jolted global policymakers and the looming impact reverberated across asset classes, as it fuelled fears of further…

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