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Reuters
April 20, 2020
Forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency on the outlook for oil consumption have reinforced the bearishness.


Reuters
April 20, 2020
Forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency on the outlook for oil consumption have reinforced the bearishness


Reuters
New Delhi, April 17, 2020
OPEC said in a monthly report it now expects global demand to contract by 6.9 million barrels per day (BPD), or 6.9%, in 2020 and noted the reduction may not be the last


Chitranjan Kumar
New Delhi, April 17, 2020
India is expected to post a sharp turnaround and resume its pre-COVID pre-slowdown trajectory by growing at 7.4 per cent in 2021-22, says RBI Governor


Reuters
April 14, 2020
Organization of the Petroleum Exporting Countries, along with Russia and other producing countries - known as OPEC+ - agreed over Easter to cut output by 9.7 million barrels per day (bpd) in May and June, equal to about 10% of global supply before the viral outbreak


Reuters
April 14, 2020
The Saudi energy minister downplayed the move in oil prices on Monday, saying anticipation of the cuts was the reason for a rally in oil prices before the meeting. Since dipping below $22 a barrel two weeks ago, Brent has rebounded by roughly 48%.


Rupa Burman Roy
April 13, 2020
All indices in Asia turned red, with Nikkei and Kospi dropping 2% after the OPEC+ decided to cut 20% global supply of oil to curb fall in price amid virus outbreak.


BusinessToday.In
New Delhi, April 13, 2020
British Prime Minister Boris Johnson left hospital on Sunday and thanked staff for saving his life from COVID-19, but his government was forced to defend its response to the coronavirus outbreak as the national death toll passed 10,000; Life Insurance Corporation (LIC) has made a few key announcements for the benefit of policyholders amid the ongoing lockdown.; OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by 20%. Watch this and more on News Blast.Read: Coronavirus India Live Updates: Lockdown extension! PM Modi to address nation at 10 am on April 14


BusinessToday.In
New Delhi, April 13, 2020
Beijing exports China model of virus managementIn Serbia, one of Beijing's closest European allies, and a handful of other friendly countries, China is providing on-the-ground guidance to help battle the coronavirus. The outreach is part of a wider push by Beijing to assert global leadership in battling COVID-19 after facing criticism from Washington.  Beijing has also sent medical teams to Cambodia, Iran, Iraq, Laos, Pakistan, Venezuela and Italy.Coronavirus: What's holding ...


Reuters
April 13, 2020
\"What this deal does is enable the global oil industry and the national economies and other industries that depend upon it to avoid a very deep crisis,\" said IHS Markit Vice Chairman Daniel Yergin


Reuters
New Delhi, April 13, 2020
Group, known as OPEC+, said it had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June, after four days of talks and following pressure from US President Donald Trump to arrest the price decline


BusinessToday.In
April 13, 2020
Sensex, Nifty Live News Today: All the indices in Asian counterparts turned red, with Nikkei and Kospi dropping the most after the OPEC+ decided to cut 20% global supply of oil to curb fall in price amid virus outbreak.


Reuters
April 10, 2020
World's third biggest oil importer India urged producers to aim for \"affordable\" prices for a consumption-led demand recovery.


Rupa Burman Roy
April 10, 2020
Domestic investors remained fragile fearing about the rising number of cases and probable extension of the lockdown. Extention of the lockdown will cause a reduction in earnings, potential supply disruptions.


Reuters
April 10, 2020
The Dow Jones Industrial Average rose 285.8 points, or 1.22%, to 23,719.37, the S&P 500 gained 39.84 points, or 1.45%, to 2,789.82 and the Nasdaq Composite added 62.67 points, or 0.77%, to 8,153.58.


Reuters
April 10, 2020
Global fuel demand has plunged by around 30 million bpd, or 30% of global supplies, as steps to fight the virus have grounded planes, cut vehicle usage and curbed economic activity


Rupa Burman Roy
April 9, 2020
Since the beginning of the year, both BSE, NSE benchmarks have declined 25%, 24% respectively. Markets will remain closed tomorrow on account of Good Friday.


BusinessToday.In
April 9, 2020
Sensex, Nifty Live News Today: Globally indices turned green as investors turned optimistic over prospects of more government stimulus and tightened lockdowns across the world to combat the virus spread.


Reuters
April 8, 2020
Saudi Arabia, with by far the world's biggest reserve of extra capacity and some of the lowest production costs, said it had raised crude output to 12.3 million bpd on April 1 and planned to export more than 10 million bpd.


Reuters
April 8, 2020
Thursday's meeting between members of the Organization of Petroleum Exporting Countries (OPEC) and its allies, including Russia, is widely expected to be more successful than their gathering in early March


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