India calls for ease of crude oil production cuts

Apr 02, 2021

New Delhi [India], April 2 : Calling for the market-determined price of crude oil, the Ministry of External Affairs (MEA) on Friday said India...

Crude oil prices plunge by 541 points despite OPEC+ extending production cuts until 2025

Jun 04, 2024

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, revealed that they would continue to enforce substantial oil production...

OPEC+ extends major oil production cuts until 2025 to stabilise market

Jun 03, 2024

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support oil prices by managing...

Situation on global oil market undoubtedly improved in recent months: Saudi Minister

Mar 04, 2021

Moscow [Russia], March 4 (ANI/Sputnik): The situation on the global oil market has undoubtedly improved in the last two months, while OPEC+ states have...

Biden announces release of 15 million barrels of oil from strategic reserve

Oct 19, 2022

Washington [US], October 20 : US President Joe Biden has announced the release of 15 million barrels of oil from the United States strategic...

Petroleum Minister appeals to oil-producing countries to ease production cuts to stabilise global economic recovery

Feb 17, 2021

New Delhi [India], February 17 : In his address at the IEA-IEF-OPEC Symposium on Energy Outlooks on Wednesday, Petroleum Minister Dharmendra Pradhan appealed to...