Indian Metal & Energy Industry News & Updates - Opec
OPEC+ debates theoretical oil output hike amid Iran war paralysis, sources say
OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise production due to the U.S.-Israeli war with Iran.
OPEC confirms big Saudi oil production hike in Feb ahead of Iran war, holds forecasts steady
OPEC agrees to 206k barrel-a-day production hike for April as US-Iran conflict tests oil markets
OPEC+ to increase production by 206,000 bpd as US-Iran war disrupts Gulf oil flows
The Financial Express
OPEC+ hikes oil production by more than expected following outbreak of Iran war
OPEC+ keeps oil output steady amid turmoil among members post US attack on Venezuela
OPEC+ kept oil output unchanged on Sunday after avoiding discussions of the multiple political crises affecting the producer group’s members, from the Middle East as well as Russia, Iran and Venezuela.
OPEC+ set to hold oil output policy steady on Sunday, sources say
OPEC+ agrees slight oil production hike
OPEC ready to raise oil output if required after US sanctions on Russia, Kuwaiti minister says
‘OPEC output confusion must put floor under oil prices’
OPEC+ agrees to small boost in oil production
OPEC+ to consider bigger increase to oil output
Opec+ plans oil output hike in November
OPEC+ is poised to slip further below oil output target
OPEC+ oil output hike smaller than expected, prices rise amid China's stockpiling and sanctions concerns
OPEC+ set to raise oil output further from October, sources say
OPEC Output Signals Spur Options Bets Oil Will Lurch Below $60
A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its allies.
OPEC trims global oil demand for next four years
Oil prices drop over 1% after OPEC+ surprises markets with bigger-than-expected August output hike
Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, raising concerns about oversupply. Brent crude futures fell 80 cents, or 1.2%, to $67.50 a barrel by 0010 GMT, while US West Texas Intermediate crude was at $65.68, down $1.32, or 2%.
OPEC set to complete unwinding of voluntary oil output cut in Sept, sources say
Opec+ giants pump out additional oil to India
OPEC+ announces sharp increase in July oil production
OPEC+ expected to open taps more despite price slump
OPEC+ mulls super-sized output surge of 4,11,000 bpd for July—triple of initial plan: How it risks crude prices?
OPEC members are discussing making a third consecutive oil production surge in July, to be decided at the group’s meeting in just over a week, delegates said.
OPEC expects India's oil demand to rise 3.4% in 2025, double the pace of China
India's oil demand is projected to rise from 5.55 million barrels a day in 2024 to 5.74 million bpd in 2025, up 3.39 per cent, helped by rising energy needs in the world's fastest growing economy.
OPEC+ agrees another accelerated oil output hike for June
Russian oil drives OPEC share in India's imports to record low, data shows
OPEC slashes 2025 global demand growth forecast on Trump tariff-impact: Where is crude oil headed now?
OPEC output hikes and trade wars have US oil producers wary of 'drill baby drill'
US President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil industry is actually starting to think about cutting output and jobs due to a double whammy of higher crude output from OPEC and on-again, off-again tariffs that have dented demand.
OPEC+ panel meeting seen making no policy changes after surprise output hike
A meeting of top OPEC+ ministers on Saturday is expected to make no new changes to oil ouptut policy, two delegates told Reuters, after the group's surprise decision this week to raise output further helped send prices crashing to pandemic-level lows.
Is OPEC+ losing control on oil prices? A look at how Trump tariff changed equations
OPEC+ is losing its ability to control oil prices due to weak global demand and rising non-OPEC oil supplies. Now, after the change in administration in the US, the control of OPEC+ on oil prices seems to be at its lowest level, stated a report by Kotak Institutional Equities (KIE). “We cut our oil price assumption to $70/bbl for FY2026-27 and LT ($80/bbl earlier). Lower oil prices are negative for upstream,” it said.