OPEC

Abu Dhabi, Feb 20: India's oil imports from Saudi Arabia and Iraq hit the highest in more than a decade in January as OPEC's top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output…

Sydney, Feb 17: A rally in offshore equities and oil price falls after key OPEC oil producers made inroads a freeze in oil production at the record January high weighed on the Australian dollar overnight. At the Asian open on Wednesday,…

Vienna, Feb 12: The price of OPEC's basket of thirteen crudes stood at $25.21 a barrel on Thursday, compared with $25.93 on Wednesday, the organisation's secretariat said. The OPEC Reference Basket of Crudes is made up of the following:…

New Delhi, Jan 18: With international nuclear sanctions on Iran being lifted on Sunday, India will resume its unrestricted import of oil from the Persian Gulf nation. State-run Indian Oil Corp (IOC) here told that the possibility of…

New York, Jan 1: Oil prices moved up Thursday amid rising geopolitical tensions in Middle East. The Iranian President Hassan Rouhani on Thursday ordered to proceed the country's missile program "with high speed and seriously" and expand…

New York, Dec 12: Oil prices dived on Friday as market expected the global supplies to exceed the demand. Last Friday, the Organisation of the Petroleum Exporting Countries (OPEC) kept crude production pumping at current level in an…

Vienna, Dec 11: The OPEC Reference Basket declined around 10 percent in November as lower refinery crude intake added to the oversupply in the market, according to OPEC monthly oil market report for December. The Basket lost $4.52 to…

New York, Dec 9: Oil prices fell on Tuesday as market expected that global supplies will continue to exceed demand. The Organisation of the Petroleum Exporting Countries (OPEC) last Friday decided to keep crude production pumping at the…

New York, Dec 8: US stocks fell on Monday after Friday's big rally, dragged down by a sharp decline in energy as oil prices hit a near-seven-year low. The Dow Jones Industrial Average lost 117.12 points, or 0.66 percent, to 17,730.51.…