Washington [US], October 20 (ANI): US President Joe Biden has announced the release of 15 million barrels of oil from the United States strategic reserve, part of a response to recent production cuts announced by OPEC+ nations.
Washington [US], October 12 (ANI): After cut in oil production quotas by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the White House said that US President Joe Biden will now work with Congress to 're-evaluate' relationship with Saudi Arabia.
Washington [US], October 8 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday (local time) said that India will navigate through the Organisation of Petroleum Exporting Countries Plus (OPEC+) decision to cut oil production from November by a steeper than expected two million barrels per day (bpd).
Mumbai (Maharashtra) [India], October 3 (ANI): On Monday, rupee was trading at 81.78 against US dollar in early trade, tracking a muted trend in domestic equities. The domestic unit depreciated 38 paise against the dollar in morning trade. On Friday, the local currency settled at 81.36 against the greenback.
Vienna [Austria], October 1 (ANI): Organization of the Petroleum Exporting Countries (OPEC) Plus is set to hold its meeting in Vienna next week, the first time since the COVID-19 pandemic began in 2020.
New Delhi [India], September 27 (ANI): Oil prices rose more than 1 per cent on Tuesday after declining to nine-month low a day earlier, amid the hint that the Organization of the Petroleum Exporting Countries (Opec+) -- the producer alliance -- may go for output reductions to prevent further collapse in prices. There were also indications of a possibility that the European Union may put a price cap on Russian oil.
Vienna [Austria], August 4 (ANI): The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC participating countries have decided to raise crude oil production level by just 100,000 barrels per day for the month of September.
Washington [US], July 17 (ANI/Sputnik): The United States believes that the OPEC countries have the opportunity to increase oil production and expects that they will take steps in this direction in the upcoming weeks, US Senior Adviser for Energy Security Amos Hochstein said on Sunday.