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India, US to revamp Strategic Energy Partnership

Industry > Industry monitor > Oil & gas 31 March 2021 A spike in the prices of crude oil, especially after the producer cartel Organisation of Petroleum Exporting Countries (Opec) has forced India to revamp its Strategic Energy Partnership (SEP) with the United States.  Towards this, India’s minister of petroleum and natural gas Dharmendra Pradhan on Monday held a virtual meeting with US Secretary of Energy Jennifer Granholm.  While the meeting was only introductory, both leaders agreed to revamp the India-US SEP to reflect the new priorities of Prime Minister Narendra Modi and President Joe Biden with focus on promoting clean energy with low-carbon pathways and accelerating green energy cooperation.

Oil Rises After OPEC+ Agrees to Boost Output Gradually

Oil Rises After OPEC+ Agrees to Boost Output Gradually Bloomberg 2 hrs ago Alex Longley and Andres Guerra Luz (Bloomberg) Oil rose after the OPEC+ alliance agreed to increase oil production gradually over the next three months. Futures advanced in New York after choppy trading as details of the deal were revealed. The agreement between the Organization of Petroleum Exporting Countries and its allies to increase production from May to July includes a phasing out of Saudi Arabia’s unilateral 1-million barrel-a-day supply cut, according to delegates. The current plan for the group is to boost output by 350,000 barrels a day in May and again for June, before an increase by 440,000 barrels a day in July.

Oil Rises After OPEC+ Agrees to Boost Output Gradually

Oil Rises After OPEC+ Agrees to Boost Output Gradually
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