Business Standard

Oil Producing Countries

Foreign oil majors flag windfall tax concerns; govt seeks $52-bn investment

India is the world's third-biggest oil importer and consumer and meets almost 85 per cent of its oil requirements from overseas

Foreign oil majors flag windfall tax concerns; govt seeks $52-bn investment
Updated On : 09 Feb 2023 | 12:34 AM IST

Oil prices surge as Russian invasion of Ukraine rings supply alarm bells

Brent crude rose $2.81, or 2.8%, to $101.89 a barrel at 0738 GMT on Friday, after climbing to as high as $101.99

Oil prices surge as Russian invasion of Ukraine rings supply alarm bells
Updated On : 25 Feb 2022 | 2:58 PM IST

Oil prices rise after International Energy Agency says market tight

Brent crude futures rose 39 cents, or 0.4%, to $91.80 a barrel at 1015 GMT, while U.S. West Texas Intermediate crude gained 45 cents, or 0.5%, to $90.33 a barrel

Oil prices rise after International Energy Agency says market tight
Updated On : 11 Feb 2022 | 4:49 PM IST

It's time Gulf Arab States look away from Oil and find new revenue sources

We are approaching an energy inflection point in the global economy: plentiful oil supply, a demand plateau by 2030 and more competitive renewable-energy options

It's time Gulf Arab States look away from Oil and find new revenue sources
Updated On : 12 Mar 2021 | 11:57 AM IST

Gulf Arab states may lose their financial wealth in the next 15 years: IMF

The six-nation Gulf Cooperation Council (GCC) - whose net financial wealth the IMF estimates at $2 trillion - accounts for over one fifth of global oil supply

Gulf Arab states may lose their financial wealth in the next 15 years: IMF
Updated On : 06 Feb 2020 | 11:26 PM IST

OPEC+ faces 'major challenge' from competitors' surging output: IEA

"The OPEC+ countries face a major challenge in 2020 as demand for their crude is expected to fall sharply," the Paris-based agency said in a monthly report

OPEC+ faces 'major challenge' from competitors' surging output: IEA
Updated On : 15 Nov 2019 | 7:01 PM IST

Oil producers need extraordinary measures to rebalance market: Opec secy

Barkindo said consultations were under way for the extension of the OPEC-led pact beyond March 2018

Oil producers need extraordinary measures to rebalance market: Opec secy
Updated On : 09 Oct 2017 | 10:34 AM IST