Oil prices jump on OPEC production cut rumors

Oil prices jump on OPEC production cut rumors

Oil prices jumped Monday, lifted by the prospect of longer production cuts by the Organization of the Petroleum Exporting Countries and its allies as well as evidence of improving economic conditions in China.

Oil sector consolidation, clean fuel drive await India in 2020

Oil sector consolidation, clean fuel drive await India in 2020

India can expect a cocktail of initiatives aimed at boosting clean fuel use and gas price transparency, and consolidation in the state oil sector in the year ahead as New Delhi aims to strike a balance between fighting an environmental battle and preparing for robust growth in energy demand.

India’s Refinery Run Rates Hit 15 Year Lows

India’s Refinery Run Rates Hit 15 Year Lows

India, one of the drivers of oil demand growth in Asia and the world, has just seen its oil imports drop to three-year lows and fuel processing rates plunge to a 15-year low, as slowing economic growth is taking its toll on demand.

OPEC Boosts Oil Production In August

OPEC Boosts Oil Production In August

OPEC’s crude oil production rose in August compared to July, another market survey found on Friday, despite OPEC’s continued calls for sticking to the cuts to achieve “market stability.”

India Weighs Selling Government Stake In Bharat Petroleum

India Weighs Selling Government Stake In Bharat Petroleum

India’s government plans to sell its entire more than 50-percent stake in one of the largest local refiners, Bharat Petroleum Corporation (BPCL), most likely to state-controlled Indian Oil Corporation, Indian outlet Business Standard reported on Monday.

OPEC Oil Production Drops To Eight-Year Low

OPEC Oil Production Drops To Eight-Year Low

Deeper production cuts at leading producer Saudi Arabia, lower output at sanctions-hit Iran, and outages in Libya and Venezuela sent OPEC’s crude oil production in July falling to its lowest level since 2011, the monthly Reuters survey found.

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