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Total 190 results found. Search for [ record output cuts ]

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Rashmi Pratap
New Delhi, June 24, 2020
Why the sharp recovery and sustained run in stock markets is built on weak fundamentals. Despite the fall, they are trading at double the valuation of the 2008 Lehman crash

June 19, 2020
Stock Market LIVE Updates on June 19: Bajaj Finserv, Bajaj Finance, ONGC, Tata Steel, JSW Steel were maong the top gainers today. Infosys, HCL Tech, Wipro, Adani Ports, M&M were among the top losers

June 9, 2020
Oil prices bounced to three-month highs on Monday after the OPEC+ nations agreed to extend record output cuts of 9.7 million barrels per day into July amid signs of a quicker-than-expected economic recovery

Associated Press
June 7, 2020
Algerian Oil Minister Mohamed Arkab, the current OPEC president, warned meeting attendees that the global oil inventory would soar to 1.5 billion barrels by the mid-point of this year

June 3, 2020
Opec+ agreed to cut output by a record 9.7 million barrels per day, or about 10 per cent of global output, in May and June to lift prices battered by plunging demand

Aseem Thapliyal
June 2, 2020
While Sensex gained 485 points to 33,788, Nifty rose 138 points to 9,964 intra day

Nevin John
New Delhi, May 27, 2020
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63

May 26, 2020
Brent crude futures were up nearly 1.7%, or 59 cents to $36.12, adding to a 1.1% gain on Monday in thin holiday trading

May 4, 2020
Oil prices today: Brent was last trading around $25.97 at barrel, while WTI was at $18.31

May 1, 2020
The global oil benchmark, Brent crude, has collapsed 60 per cent in 2020 and reached a 21-year low last month as the coronavirus pandemic squeezed demand and OPEC and other producers pumped at will before reaching a new supply cut deal

April 30, 2020
Coronavirus update: The slump would lead to a drop in carbon dioxide emissions of 8%, six times larger than the biggest fall of 400 million tonnes recorded in 2009 following the global financial crisis, according to the IEA, which described its estimate as conservative

April 27, 2020
U.S. oil futures led losses, falling by more than $3 a barrel on fears that storage at Cushing, Oklahoma, could reach full capacity soon

New Delhi, April 20, 2020
In New York, West Texas Intermediate fell as much as 43.8 per cent to $10.26 a barrel, the weakest level since 1986

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.

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

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

April 16, 2020
Because the economy is going to slow down, revenue collection for this year would be much less than the last year, Subramanian said, adding the revenue loss would be 1.5 per of the GDP

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

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%.

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

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