OPEC

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Fuel prices witness sharp rise; petrol gets costlier by 23p
Business

Fuel prices witness sharp rise; petrol gets costlier by 23p

Fuel prices on Sunday witnessed a sharp hike for the fourth straight day as state-run oil companies increased the rate of petrol by 23 paise a liter while diesel became costlier by 29-31 paise per liter across the four major metro cities in India.
Saudi Arabia to cut oil exports by 10% in January
World

Saudi Arabia to cut oil exports by 10% in January

OPEC kingpin Saudi Arabia will slash its oil exports in January by 10% compared to November, its energy minister said yesterday as producers move to shore up tumbling prices.
Oil-producers to review cuts impact, sign pact in April: UAE
World

Oil-producers to review cuts impact, sign pact in April: UAE

Oil producers, who earlier agreed to trim production to boost prices, will meet in April to review the impact and sign a long-term pact, the UAE's Energy Minister said.
Rupee falls 54 paise, touches 71 level against US dollar
Business

Rupee falls 54 paise, touches 71 level against US dollar

The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade today, amid the strengthening of American currency and a weak opening in the domestic equity market.
Qatar to quit OPEC in January 2019
World

Qatar to quit OPEC in January 2019

On Monday, Qatar announced that it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), effective January 2019.
Rupee falls 10p to 70.89 against USD in early trade
Business

Rupee falls 10p to 70.89 against USD in early trade

The rupee depreciated by 10 paise to 70.89 against USD in early trade today at the interbank foreign exchange amid strengthening of the USD against some currencies overseas.
Saudi Minister calls for 1mn bpd global oil output cut
World

Saudi Minister calls for 1mn bpd global oil output cut

Following a drop in crude prices, oil producing countries should cut output by one million barrels per day (bpd) to re-balance the market, Saudi Arabia's energy minister Khalid al-Falih told at an energy conference in Abu Dhabi today.
Iran accuses Donald Trump of destabilizing the oil market
World

Iran accuses Donald Trump of destabilizing the oil market

Iran today accused US President Donald Trump of destabilizing the oil market with his flurry of tweets taking aim at the OPEC cartel.
Petrol, diesel prices hiked for first time after a month
Business

Petrol, diesel prices hiked for first time after a month

Petrol and diesel prices were today hiked for the first time in more than a month on the back of rising international rates and weakening rupee.

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