Oil Producer News

Markets

If oil prices are declining, why have ONGC shares been rising?

Valuations are not demanding. Currently, the stock trades at around seven times estimated earnings for FY20Needless to say, investors would do well to follow the trend in oil prices

1 min read10 Jun 2019
Industry

OPEC president says group, allies will cut oil output as needed

OPEC president Al Mazrouei says oil producers will do whatever is required to keep the market stable and keep crude inventory levels where they are

1 min read14 Nov 2018
News

Major oil producers to consider output cuts after price slide

Oil prices shed a fifth of their value in just one month

2 min read11 Nov 2018
Companies

Elon Musk’s oil conspiracy against Tesla ends with Saudi Arabia’s billions

After a week of playing coy about who he's been trying to enlist to help buy out Tesla's publicly traded shares, Musk revealed at least one potential partner: Saudi Arabia

2 min read14 Aug 2018
Industry

Dharmendra Pradhan presses Opec for responsible pricing of oil

Stating that current high oil prices dent the economic development of many countries, Dharmendra Pradhan said already fragile world economic growth will be at threat if oil prices persist at these levels

1 min read20 Jun 2018
Market

ONGC, Oil India shares slump 7% on fears of windfall tax

ONGC shares closes 4.50% lower at Rs167.65 on BSE, while Oil India shares ends 6.83% down at Rs214.80

1 min read24 May 2018
Industry

Saudi Arabia-Russia oil alliance likely to undercut Opec

Saudi Arabia hopes to bring Russia into the fold of an expanded club of global oil giants to sustain a stable market, leaving Opec's role in question

3 min read19 Apr 2018
Industry

US to overtake Russia as top oil producer by 2019 at the latest, says IEA

The US will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) has said , as the country's shale oil boom continues to upend global markets

1 min read27 Feb 2018
News

Saudi energy minister urges oil producers to extend cooperation beyond 2018

It was the first time that Saudi Arabia had publicly raised the possibility of a new form of coordination among oil producers after 2018

2 min read21 Jan 2018
Industry

Opec secretary general urges US shale oil producers to help cap global supply

While Opec and some other producers, including Russia, have cut supplies this year in order to prop up prices, US production has soared by almost 10% this year

1 min read10 Oct 2017
Load More

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles