oil - Arab Daily Digital

Oil Drop, India Gains

The decline in oil prices augurs well for the Indian economy as the country imports around 85 per cent of its crude requirement and any decline in oil prices leads to a

6 August 2024

Business·Economy·World News

Oil demand will grow 2.25 million bpd: OPEC

OPEC+ had earlier agreed to keep current oil production levels unchanged….reports Asian Lite News The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that world oil demand will rise by

12 April 2024

-Top News·Arab News·Economy

Venezuela to supply oil to India in lieu of pending dividend

This comes after the US eased sanctions on Venezuela’s oil sector in October. The sanctions were imposed to punish Maduro’s government following his 2018 re-election…reports Asian Lite News Venezuela has agreed to

4 January 2024

-Top News·Asia News

Oil Hits $95/Barrel Amid Supply Worries

Oil is being driven up by concerns of a supply deficit, following recent output cuts by Saudi Arabia and Russia…reports Asian Lite News Oil price is continuing its march towards $100 a

20 September 2023

-Top News·World News

Supply Cuts by Saudi, Russia Could Push Oil to $107

That announcement lifted Brent crude oil above $91 a barrel for the first time in 10 months…reports Asian Lite News Oil prices could climb well into triple-digit territory by next year if

7 September 2023

-Top News·Arab News·Saudi Arabia

OPEC expects 2.2% growth in oil demand in 2024

The world economic growth in 2023 is to remain broadly unchanged at 2.6%, according to the organisation, with the initial forecast for 2024 economic growth expected at 2.5%…reports Asian Lite News OPEC

14 July 2023

-Top News·Arab News·UAE News

Shell’s exit sparks domino effect fears in Pakistan

The oil major’s announcement might set the ball rolling for other foreign investors too to look at exiting Pakistan or halting operations temporarily, a report by Mahua Venkatesh Pakistan’s economic crisis is

17 June 2023

-Top News·Asia News·Economy

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 Lite News Saudi Arabia’s Energy Ministry has announced a voluntary

3 April 2023

-Top News·Arab News·Saudi Arabia

‘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 coalition member in the wake of Russia-Ukraine war…reports Asian Lite

17 March 2023

-Top News·Asia News

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 meeting, the group’s decision-making body…reports Asian Lite News Leading oil

2 February 2023

-Top News·UAE News