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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
