Sep 29, 2016 at 16:24 | Source: CNBC-TV18
Some deal is better than no deal says Thomas Pugh of Capital Economics commenting on the agreement reached at the Organisation of Oil Exporting Countries (OPECs) Algiers meeting to cut oil output.
Sep 29, 2016 at 11:18 | Source: Reuters
Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed on Wednesday to modest oil output cuts in the first such deal since 2008, with group leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Sep 29, 2016 at 08:50 | Source: CNBC-TV18
Till the final decision on November 30 meeting, one could expect to find a floor for crude oil prices, said Mriganka Jaipuriyar, Associate Editorial Director, Platts.
Sep 29, 2016 at 08:02 | Source: Reuters
The Organization of the Petroleum Exporting Countries agreed to limit its production to a range of 32.5-33.0 million barrels per day (bpd) in talks held on the sidelines of an energy conference in Algeria.
Sep 29, 2016 at 07:34 | Source: PTI
The surprise news triggered an immediate spike of more than 5 per cent in crude prices, as markets had expected the Algiers meeting to end without agreement.
Sep 27, 2016 at 16:20 | Source: CNBC-TV18
A no-deal between producers at the Organisation of Petroleum Exporting Countries' (OPEC) ongoing Algeria meet may cause prices to slip to even below USD 40 a barrel, feels Amrita Sen, Chief Oil Analyst at Energy Aspects.
Sep 27, 2016 at 11:04 | Source: PTI
Members of the Organisation of the Petroleum Exporting Countries will meet Wednesday with key non-OPEC producer Russia on the sidelines of the International Energy Forum in Algiers.
Sep 27, 2016 at 10:09 | Source: CNBC-TV18
Daniel Hynes, Senior Commodity Strategist, ANZ Research expects crude oil market to come to a balanced position in the near-future.
Sep 26, 2016 at 10:54 | Source: PTI
But analysts warned the wellspring of optimism should be tempered by experience of two years of gluts and disagreement among members of the Organisation of Petroleum Exporting Countries (OPEC).
Sep 22, 2016 at 15:04 | Source: Moneycontrol.com
Persistently, low oil prices have affected overseas workers income. About half of Indias USD 70 billion-odd NRI remittances originate from the Gulf countries, the region worst affected by record-low crude oil prices and subdued global economic activity.