Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, on March 21, 2021. Oil giant Saudi Aramco said Sunday, March 12, 2023, it earned a $161 billion profit last year, attributing its earnings to higher crude oil prices. | Photo Credit: AP Oil giant Saudi Aramco […]
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Hardeep Singh Puri said that India was confident of navigating a planned output cut by Opec Plus Hardeep Singh Puri said that India was confident of navigating a planned output cut by Opec Plus India was “very confident” of navigating a planned output cut by the oil producers’ cartel, Opec Plus, Petroleum and Natural Gas […]
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The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices The OPEC+ alliance of oil-exporting countries decided on Wednesday to sharply cut production to support sagging oil prices, a move that […]
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In a step that analysts say will further tighten the market, the European Union is moving closer to agreeing a ban on Russian oil imports In a step that analysts say will further tighten the market, the European Union is moving closer to agreeing a ban on Russian oil imports Oil edged higher on May […]
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