Tag: middle east oil

OPEC+ producers announce voluntary oil output cuts from May to end of 2023

OPEC+ producers announce voluntary oil output cuts from May to end of 2023

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Representational image of the OPEC+ logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria | Photo Credit: Reuters Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a […]

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India eases Russian oil buying in July, boosts Saudi imports

India eases Russian oil buying in July, boosts Saudi imports

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Indian refiners lifted more term supplies from Saudi Arabia as prices were attractive while prices for Russian supplies have climbed on robust demand Indian refiners lifted more term supplies from Saudi Arabia as prices were attractive while prices for Russian supplies have climbed on robust demand India’s crude oil imports from Russia in July fell […]

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