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
‘India’s approach to oil import guided by energy security requirements’
On September 2, G7 Finance Ministers initiated a price cap on Russian-origin crude oil and petroleum products to be implemented by each
India buying Russian oil none of our business: German envoy
Speaking about Germany’s efforts to find a solution to the war, he said German Chancellor is every now and then on the
India to lead demand for oil till 2045
OPEC report reveals India will take the leading role in crude requirement, along with other Asian and African, reports Animesh Singh…reports Asian
‘Russia has become largest oil supplier to India’
In his address, the Russian Ambassador said further that India has taken a neutral stance as regards excluding Moscow from multilateral institutions…reports
OPEC+ recommends staying course on oil output policy
The JMMC comprises oil ministers from the OPEC+ countries. It has no decision-making power but provides policy recommendations for the OPEC+ ministerial
“We will not play by the rules others set”: Putin on oil price cap
The cap by G7 would prevent Russian cargoes from selling oil that exceeds the still-undefined G7 limit….reports Asian Lite News Russian President
Oil prices are yet to peak: UAE energy minister
Oil prices are nowhere near their peak as an impending rise in Chinese demand threatens to strain a global market already pinched
OPEC+ to boost oil production
The group on Thursday agreed to increase oil production by 648,000 barrels per day (bpd) in July, higher than its previous monthly
Abu Dhabi’s non-oil real GDP expands by 4.1%
The results announced by SCAD at constant prices indicate that Abu Dhabi’s GDP at constant prices grew 1.9% in 2021 compared with