Oil Production
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Seven OPEC+ nations agree to increase monthly oil production; here's the reason behind key decision
World | Jul 06, 2026, 08:03 AM ISTOPEC+ has approved a fresh increase in oil production for August as crude prices decline following easing tensions in the Middle East. The decision comes amid ongoing Iran-US peace talks and continued uncertainty over the Strait of Hormuz.
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Oil prices jump as Russia, Saudi Arabia extend voluntary production cuts, will it impact India?
World | Sep 06, 2023, 01:41 PM ISTA series of production cuts over the past year has failed to substantially boost prices amid weakened demand from China and tighter monetary policy aimed at combating inflation. But with international travel back up to nearly pre-pandemic levels, the demand for oil likely will continue to rise.
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Saudi Arabia to cut oil production by 5,00,000 barrels per day from WHEN | KNOW DETAILS
Business | Apr 02, 2023, 09:53 PM ISTSaudi Arabia oil production: The Saudi Energy Ministry said on Sunday that the cuts would be made in coordination with some OPEC and non-OPEC members, without naming them. The cut is in addition to a reduction announced last October that infuriated the Biden administration.
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Indian Navy holds 'Prasthan' exercise to evaluate offshore assets
India | Nov 12, 2022, 06:44 PM ISTThe Indian Navy is the lead agency and has been entrusted with the responsibility of protecting the oil production platforms off the coasts of India. A detailed analysis will be undertaken to assess areas and aspects that need improvement and attention.
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India to produce 25 per cent of its oil demand by 2030: Hardeep Puri
Business | Oct 15, 2022, 08:10 AM ISTIndia oil demand forecast: As per the International Energy Agency estimates, India will contribute a quarter (25 per cent) of the growth in global energy consumption in the coming two decades.
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Rupee spurts 25 paise to 68.33 vs US Dollar on Fed boost
India | Jul 11, 2019, 10:21 AM ISTThe rupee rebounded 25 paise to 68.33 against the US dollar in early trade on Thursday, in tandem with other emerging market currencies after Federal Reserve chief Jerome Powell bolstered expectations of a rate cut later this month.
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UAE to cut oil production by 139,000 barrels in line with OPEC decision
Business | Oct 02, 2017, 09:53 AM ISTOPEC members began officially cutting production earlier this year in an attempt to restore stability of the oil markets.
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OPEC agrees to extend oil output cuts till March: report
May 26, 2017, 01:03 PM ISTIranian channel Press TV reported that the decision of the 13-nation cartel to extend the cuts for 9 months would effectively lower OPEC's production by 1.8 million barrels per day