Articles for Global Oil Prices

What are OPEC and OPEC+? how does it affect global oil prices I INSIGHTS
7 months, 1 week ago

What are OPEC and OPEC+? how does it affect global oil prices I INSIGHTS

India TV News  

The Organisation of the Petroleum Exporting Countries and its allies including Russia are known collectively as OPEC+ convened meeting on Sunday, June 2, and discussed their joint oil production policy. Because of its large market share, the decisions OPEC makes can affect global oil prices. After that development, OPEC+ reduced oil production by 10 million barrels a day, which is …

Global Russia Oil Prices Production Iraq Saudi Arabia
The big oil turnaround: From negative prices to a bull market
4 years, 6 months ago

The big oil turnaround: From negative prices to a bull market

Live Mint  

Every day, traders in London congregate at 4 pm to buy and sell North Sea oil for half an hour. Leaving lockdown “You can see demand ramping up every week,” said Marco Dunand, co-founder of major oil trading house Mercuria Energy Group Ltd. “Our short-term tracking of demand confirms a healthy recovery from the lows of April,” said Giovanni Serio, …

China Russia Market Saudi Demand Brent Global Oil
China should use low oil prices to boost its strategic petroleum reserve
4 years, 9 months ago

China should use low oil prices to boost its strategic petroleum reserve

China Daily  

Workers are seen near pumpjacks at a China National Petroleum Corp oil field in Bayingol, Xinjiang Uighur Autonomous Region, China, August 7, 2019. Saudi Arabia said on Friday that it was not in talks with Russia to balance the global oil market despite the increasing pressure from the United States to stop a price rout amid the pandemic, although a …

Global China Russia Prices Price Saudi Arabia Petroleum
Petrol stations fail to pass on fuel price cuts despite global oil prices falls due to coronavirus
4 years, 9 months ago

Petrol stations fail to pass on fuel price cuts despite global oil prices falls due to coronavirus

ABC  

Drivers are being warned of petrol-price rip-offs around Australia, as some retailers fail to pass on savings to customers despite plummeting global oil prices. Key points: Global oil prices have dropped, but that hasn't translated to all Australian bowsers In Sydney's west, Retailers have been selling petrol for as low as 97 cents a litre However Canberra's petrol prices have …

Oil Oil Prices Melbourne Sydney Petrol Khoury Petrol Stations
Rahul Gandhi blames PMO for MP crisis, says 'focus on petrol price instead'
4 years, 10 months ago

Rahul Gandhi blames PMO for MP crisis, says 'focus on petrol price instead'

India TV News  

In the first reaction on Madhya Pradesh political crisis and post- Jyotiraditya Scindia's resignation, Congress leader Rahul Gandhi took a swipe at Prime Minister Narendra Modi over a crash in global oil prices. while you were busy destabilising an elected Congress Govt, you may have missed noticing the 35 per cent crash in global oil prices." The move comes after …

Congress Gandhi Price Bjp Mlas Rahul Gandhi Madhya Pradesh
Oil Cos. maintain check, petrol-diesel prices may not spike
5 years, 3 months ago

Oil Cos. maintain check, petrol-diesel prices may not spike

India TV News  

Consumers in India are unlikely to be overburdened with high retail price of auto fuels - petrol and diesel - following a spike in international crude prices that rose 19 per cent on Monday. A recent report by Kotak said that in light of the sharp rise in international crude oil prices, Indian oil marketing companies may increase the retail …

India Retail Prices Price Petroleum Increase Petrol
Petrol may not go beyond Rs 75/litre in Delhi till poll-end
5 years, 8 months ago

Petrol may not go beyond Rs 75/litre in Delhi till poll-end

India TV News  

Call it election time rationing or return of the administered price mechanism regime, but the retail price of petrol may not cross the Rs 75 a litre-mark in Delhi, at least till the end of polling on May 19. Official sources said that public sector oil marketing companies have been told in no uncertain terms to keep a check on …

India Retail Oil Prices Petrol Retail Prices Retail Price
Opec holds the key to Indian economy’s fortunes in 2019
6 years ago

Opec holds the key to Indian economy’s fortunes in 2019

Live Mint  

New Delhi: Even as foreign institutional investors pull out money from the country, the rupee is witnessing a smart recovery over the past few trading sessions. The reason behind this paradox is simple: falling crude oil prices, which is hovering near the $50 per barrel mark for the first time in 16 months. What makes 2019 different though is the …

Global India Oil Prices 2019 Opec
From 74.5 to 72 a dollar in a month, rupee’s jump explained in 5 points
6 years, 2 months ago

From 74.5 to 72 a dollar in a month, rupee’s jump explained in 5 points

Live Mint  

The rupee jumped sharply today against the US dollar, buoyed by a big drop in global oil prices. 5 things to know about rupee’s gain vs US dollar 1) Combined with Tuesday’s drop, global oil prices are down over 25% since early October in what has become one of the biggest declines since prices collapsed in 2014. US crude production …

Global India Oil Prices Crude Rupee Dollar