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Tag results for... "opec"

India to release crude oil from SPR in tandem with US, China, Japan, Korea

‘This release will happen in parallel and in consultation with other major global energy consumers including the USA, People’s Republic of China, Japan and the Republic of.......

Hardeep Singh Puri takes a dig at OPEC, says access to energy must be ‘affordable, reliable’

We need to accept that the world needs a reliable supply of oil and gas until we can build new energy infrastructure, said Puri Puri said that OPEC+ countries should factor in the sentiments of.......

PSU, private oil refiners may come together to seek cheaper crude oil import deals

Kapoor said that the group of oil refiners would initially be meeting once in a fortnight and exchange ideas on crude purchases OPEC+ should realise that this is not the right approach, they.......

OPEC decision: Petrol-diesel prices set to rise further

New Delhi: OPEC and allied oil-producing countries have stayed with their cautious approach to restoring oil production slashed during the pandemic, agreeing to add 400,000 barrels per day in.......

India has reduced Middle East share in crude oil import due to production cuts by OPEC: Puri

In FY20, the total crude oil import from Middle East countries stood at 88.9 Million Metric Tonne (MMT) out of total import of 128.8 MMT The figure fell to 69.9 MMT out of total import of 110.1.......

Puri calls up UAE, conveys need to bring ‘predictability, realism’ in crude oil market

Conveyed my desire to work closely with UAE and other friendly countries to bring a sense of calm, predictability and realism among other suppliers in the energy market, said Puri The courtesy.......

High crude price adding significant inflationary pressure on India: Pradhan tells OPEC

I reiterated my request of phasing-out production cuts and also emphasised that crude price range remain within reasonable band, said Pradhan The news comes a day after the share of Middle East.......

Middle East’s share in India’s crude oil import basket falls to 25-month low in May

Crude oil imports from Saudi Arabia, India’s second-largest supplier of crude oil after Iraq, declined by about a quarter in comparison to the previous year Oil refiners increased imports.......

Indian refiners IOC, HPCL, BPCL to cut crude oil import from Saudi by 36%

For May, refiners have sought just 64 percent of the 15 million barrels that comes from Saudi Arabia on an average every month, said sources Indian refiners will look to buy crude oil.......

India talks tough to OPEC in wake of Jan 5 cut, says will innovate to ensure energy security

This stability is not only for us, Mr Pradhan, it is for you as well. Recovery will not be possible without India, said OPEC General Secretary Barkindo On being asked about.......

PM Modi to interact with 45 CEOs of global oil & gas companies on Oct 26

Pradhan will give the opening remarks, which will be followed by a comprehensive presentation giving an overview of the oil and gas sector Around 45 CEOs of major oil and gas companies.......