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Surprise oil output cut by OPEC+ to delay price revision in India

The surprise decision of OPEC and its allies, including Russia, to cut oil output may cause an immediate rise in prices, delaying revision in fuel prices in India, industry sources said. The grouping of Organisation of Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, on Sunday decided to further cut oil output by around 1.16 million barrels. The move led to Brent rising by almost 6 per cent to $84.58 per barrel on Monday.

Prashant vasishtOrganisation of petroleum exporting countriesPetroleum exporting countries

Surprise oil output cut by OPEC+ to delay price revision in India

The surprise decision of OPEC and its allies, including Russia, to cut oil output may cause an immediate rise in prices, delaying revision in fuel prices in India, industry sources said. The grouping of Organisation of Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, on Sunday decided to further cut oil output by around 1.16 million barrels. The move led to

Prashant vasishtOrganisation of petroleum exporting countriesPetroleum exporting countries

Crude oil prices will rise by March but remain below $100 per barrel level: MC Poll

Crude oil prices will rise by March but remain below $100 per barrel level: MC Poll
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Indian refiners scout for oil deals ahead of EU ban on Russian crude | Hellenic Shipping News Worldwide

Indian refiners scout for oil deals ahead of EU ban on Russian crude | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

United statesFlorence tanNidhi vermaJane merrimanPrashant vasishtBharat petroleum corpA european unionIndian oil corpMiddle easternEuropean unionMiddle east

Indian refiners scout for oil deals ahead of EU ban on Russian crude

Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU, could curb future supplies in already.

United statesFlorence tanJane merrimanNidhi vermaPrashant vasishtBharat petroleum corpA european unionIndian oil corpMiddle easternEuropean unionMiddle east