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Why the OPEC may soon lose its significance

OPEC’s actions have not been having the intended effect on the supply situation for some time, now even prices are not responding appropriately to the cartel’s actions

Trapped short sellers can take oil prices higher after OPEC+ surprise output cut 

The breach of the crucial $65 per barrel support level and the near record high short sellers in the oil market may have also prompted the cartel to surprise the market. 

CERAWeek: India pushes for responsible pricing by oil producers

"We need a reasonable price and responsible price of energy," Petroleum Minister Dharmendra Pradhan said

At 'historic' talks, OPEC pushes for non-member cuts

OPEC was today seeking to persuade other oil producers to lower production as part of a newly-struck global pact to stem a crude glut and lift painfully low prices.

Crude oil may surge as OPEC on strong ground

OPEC decided to cut production by 1.2 million barrels a day from January 2017 to 33.6 million barrels per day.

M&M to shut production for up to 6 days in coming months

M&M's announcement to observe no production days at its automotive plants comes on the back of sluggish demand for utility vehicles and pickup trucks.

Cut diesel engine, car output due to low demand: Maruti

Maruti Suzuki Chairman RC Bhargava says diesel car sales have slowed in the last couple months due to the reduction in petrol-diesel price gap and feels that the price differential will vanish in 1-2 years.

Production cut to continue for another fortnight

The one-third production cut currently being followed by the spinning mills in the country is likely to continue for another fortnight, even as there is slight improvement in yarn take off.