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OPEC+ nears deal on oil production cuts, prices surge

For a country like India, heavily reliant on oil imports accounting for over 80% of its requirements, any surge in oil prices significantly impacts the oil import bill.

1 Dec 2023 1:11 PM IST

Global oil prices surge after Gulf countries announce production cuts

Global oil prices surge after Gulf countries announce production cuts

3 April 2023 3:47 PM IST

One-year of Russia-Ukraine war

One-year of Russia-Ukraine war

The most tragic aspect of this conflict is that the usual attempts at peace talks have not been made thus far.

24 Feb 2023 11:47 AM IST

KSA responds to US criticism of OPEC+ cuts: We dont use oil as a weapon

KSA responds to US criticism of OPEC+ cuts: "We don't use oil as a weapon"

Saudi Foreign Ministry stated that assertions that the Kingdom was supporting the cutbacks for political purposes...

14 Oct 2022 4:21 PM IST

Houthis attacks create shortage: Saudi on soaring oil prices

Houthis attacks create shortage: Saudi on soaring oil prices

Riyadh: Saudi Arabia, in a statement, has made it clear that the Kingdom will not incur any responsibility for the...

22 March 2022 11:54 AM IST