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OPEC production cut News

10 Dec 2016

Petrol price likely to touch Rs 80 per litre, diesel Rs 68/litre

The price of petrol is seen touching Rs 80 and diesel Rs 68 per litre if global oil prices cross $60 a barrel.

OPEC production cut

05 Dec 2016

OPEC production cut: Higher oil prices a risk to India's growth trajectory, says Pradhan

With oil cartel OPEC cutting production for the first time since 2008 leading to a surge in oil prices, India on Monday said higher rates will risk the country's growth trajectory and pitched for striking a balance between interests of producers and consumers.

29 Sep 2016

OPEC agrees modest oil output curbs in first deal since 2008

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group`s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

30 Mar 2015

Oil prices drop on weak demand, potential Iran deal

Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted.

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