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A share of Aramco stood at 37.3 Saudi riyals, or $9.94, ahead of trading Sunday.

Saudi Oil Giant Aramco's Profits Jump 90 Percent In Second Quarter

The increase is a boon for the kingdom and the crown prince's spending power as people around the world pay higher gas prices at the pump while energy companies rake in top earnings.

14 August 2022

OPEC+ Alliance Boosts Oil Production As Energy Prices Soar

The decision on Thursday steps up the pace by the alliance, known as OPEC+, in restoring cuts made during the worst of the pandemic recession. 


 Imports make up 85 per cent of India's oil needs.

India's Oil Demand Likely To Jump 8% In 2022

India's oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth.


OPEC Secretary-General Mohammad Barkindo Dies, Just Weeks Shy Of Departure

Only hours before his death, he'd met with Nigeria's president and spoken in defence of the energy industry amid increasing climate change pressure

06 July 2022

The world needs to shift to clean sources of energy

''Radical Action'' Needed To Hit Climate Goals: Energy Agency

In a new report on the global energy transition, International Renewable Energy Agency has proposed a host of measures to switch to clean energy


No Change In Fuel Prices On Tuesday

Across the country as well, the prices largely remained unchanged on Tuesday but the retail rates varied depending on the level of local taxes.

23 November 2021

OPEC Secretary-General Is Dead, Nigerian Officials Announce

Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told The Associated Press. The reason for his death was not immediately known

06 July 2022

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Fuel Prices Static As Oil Companies Keep Petrol Prices Unchanged

The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a. m. on November 4 from previous day's Rs 110.04 a litre, remains at the same level. The diesel prices also remained unchanged in the capital at Rs...

19 November 2021

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19 November 2021
Fuel Prices Static As Oil Companies Keep Petrol Prices Unchanged

Fuel Prices Static As Oil Companies Keep Petrol Prices Unchanged

The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a. m. on November 4 from previous day's Rs 110.04 a litre, remains at the same level....


05 November 2021
OPEC+ Keeps Cautious Oil Production Despite Biden Pressure

OPEC+ Keeps Cautious Oil Production Despite Biden Pressure

The OPEC+ alliance, made up of OPEC members led by Saudi Arabia and non-members led by Russia, approved an increase in production of 400,000 barrels per day...


16 October 2020
A Crude Jolt

A Crude Jolt

Lack of demand for oil since the Covid lockdown has put huge pressure on global oil producers


03 September 2020
Can Oil Imports Make India Aatma Nirbhar?

Can Oil Imports Make India Aatma Nirbhar?

According to US Energy Information Administration, India has the 2nd largest proven oil reserves in Asia-Pacific region but, so far the production is done only...


23 April 2020
A First In History: Negative Oil Price, Yes. But Will You Get Money While Buying Petrol?

A First In History: Negative Oil Price, Yes. But Will You Get Money While Buying Petrol?

The negative oil price has also highlighted the failure of Organization of the Petroleum Exporting Countries (OPEC+) and G20 to bring about the oil balance for...


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17 April 2020
COVID-19 And Not OPEC+ Or President Trump Is Driving Current Oil Prices

COVID-19 And Not OPEC+ Or President Trump Is Driving Current Oil Prices

Until the lockdown is removed in most of the countries, the aeroplanes start to operate, the economy starts humming (not necessarily to the full capacity) and...


22 September 2019
Committed To Meet India's Energy Security Needs Despite Aramco Drone Attack: Saudi Arabia

Committed To Meet India's Energy Security Needs Despite Aramco Drone Attack: Saudi Arabia

The Saudi Kingdom calls upon the international community to assume its responsibility in condemning those that stand behind the drone attack on Saudi Arabian...


07 December 2018
Qatar Flexes Its Muscles By Leaving The OPEC

Qatar Flexes Its Muscles By Leaving The OPEC

Qatar has played its diplomatic game adroitly through the Gulf crisis winning over the sympathies of most countries while keeping the doors open for justified...


03 December 2018
Qatar Says Will Exit OPEC: All You Need To Know

Qatar Says Will Exit OPEC: All You Need To Know

The decision to withdraw from OPEC came after Qatar reviewed ways to enhance its role internationally and plan its long-term strategy, al-Kaabi told a news...


14 September 2018
Calls For Reductions In Excise Duty On Petrol Are Unrealistic

Calls For Reductions In Excise Duty On Petrol Are Unrealistic

Taxes on oil provide for the state. Rise in global crude prices will have to be sat out.


03 August 2018
Why Indian Markets Soar Despite Crude Oil Price Rise

Why Indian Markets Soar Despite Crude Oil Price Rise

The reasons why the Indian market soars despite the crude oil price rise


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