Tag: Oil

OPEC+ members extend oil output cuts to Q2

OPEC+ is an oil-producer group comprising member countries of the Organization of the Petroleum Exporting Countries (OPEC) and their allies.

March 4, 2024

Drop in global prices a relief for oil import-dependent Indian economy

Volatile oil prices pose a downside risk to the economy as costlier imports trigger an increase in domestic inflation and weaken the rupee as more US dollars are required to make import payments.

December 31, 2023

Oil and gas stocks gain led by HPCL

HPCL is up 6.7 per cent, IOC is up 3.6 per cent, GAIL is up 3 per cent, Petronet LNG is up 2.6 per cent.

December 28, 2023

Oil prices stabilise as Red Sea transport disruptions ease

Brent crude futures inched up 10 cents, or 0.1 per cent, to $79.75 a barrel by 0424 GMT, while U.S. WTI crude futures were trading 5 cents lower at $74.06 a barrel.

December 28, 2023