Oil Drop, India Gains
The decline in oil prices augurs well for the Indian economy as the country imports around 85 per cent of its crude
Oil, gold prices rise amid Iran-Israel tensions
The benchmark Brent crude price rose to around $90 a barrel U.S. West Texas hovered at around $85 a barrel…reports Asian Lite
Oil demand will grow 2.25 million bpd: OPEC
OPEC+ had earlier agreed to keep current oil production levels unchanged….reports Asian Lite News The Organisation of the Petroleum Exporting Countries (OPEC)
Venezuela to supply oil to India in lieu of pending dividend
This comes after the US eased sanctions on Venezuela’s oil sector in October. The sanctions were imposed to punish Maduro’s government following
Oil Hits $95/Barrel Amid Supply Worries
Oil is being driven up by concerns of a supply deficit, following recent output cuts by Saudi Arabia and Russia…reports Asian Lite
OPEC sticks to oil demand growth forecasts
OPEC said this year’s global oil demand, expected to reach 102.1 million bpd, will surpass pre-COVID-19-pandemic levels…reports Asian Lite News Robust global
Supply Cuts by Saudi, Russia Could Push Oil to $107
That announcement lifted Brent crude oil above $91 a barrel for the first time in 10 months…reports Asian Lite News Oil prices
OPEC expects 2.2% growth in oil demand in 2024
The world economic growth in 2023 is to remain broadly unchanged at 2.6%, according to the organisation, with the initial forecast for
Shell’s exit sparks domino effect fears in Pakistan
The oil major’s announcement might set the ball rolling for other foreign investors too to look at exiting Pakistan or halting operations
Oil giants slash production
The Saudi Ministry clarified that the decision is a precautionary measure aimed at supporting the stability of the global oil market….reports Asian
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