OPEC
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Cars
Iraq in final stages of talks on USD 27 bn TotalEnergies deal, says minister – ET Auto
Iraq’s demand for a 40% share in the project is a key sticking point while TotalEnergies wants a majority stake.…
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Cars
Oil prices settle down, post big weekly losses on bank fears – ET Auto
Brent crude futures settled down by $1.73, or 2.3%, to $72.97 a barrel. U.S. West Texas Intermediate crude fell $1.61,…
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Cars
Oil steadies as investors take stock of banking crisis – ET Auto
Oil prices were little changed on Friday after a meeting between Saudi Arabia and Russia calmed markets, but crude benchmarks…
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World
Naval forces from China, Iran, Russia to stage joint drills in Gulf of Oman: China’s Defence Ministry
Representational image only. | Photo Credit: Twitter/@MoNDefense Naval forces from China, Iran and Russia — all countries at varying degrees…
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Cars
OPEC raises Chinese oil demand growth forecast further – ET Auto
OPEC expects Chinese oil demand to grow by 710,000 bpd in 2023. OPEC on Tuesday further raised its forecast for…
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Cars
Barclays cuts 2023 oil price forecasts on resilient Russian output – ET Auto
Barclays said the risk of a deceleration in broader economic activity remained due to flat industrial activity and continued tightening…
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Cars
Namibia makes third oil discovery in the Orange Basin – ET Auto
New discoveries could make Namibia, the southern neighbour of OPEC member Angola. Namibia’s state-owned oil company NAMCOR has made a…
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Cars
Media report that UAE considering leaving OPEC not true – ET Auto
The UAE is an important member of OPEC as it is the group’s third-largest producer after Saudi Arabia and Iraq.…
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Cars
Big Oil to take centerstage at Houston meet as markets, alliances shift – ET Auto
A record 7,000 people have signed up for the week-long CERAWeek discussion of fossil fuels, clean energy, advanced energy storage.…
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Cars
Oil gains as Russian output cuts offset rising U.S. inventories – ET Auto
West Texas Intermediate U.S. crude futures (WTI) were up 79 cents, or 1.05%, to USD 76.18. Oil prices extended gains…
