Oil prices are skyrocketing in India. Global oil prices are touching new highs. Why are Indians paying so much for oil? Will we have to keep paying more? WION's Palki Sharma tells you how a meeting next month could decide what you pay for fuel.

Gravitas: 2 factors are dictating how much you spend on fuel

India is the world's third-largest oil market. It imports nearly 85% of its crude. Petrol prices in India have crossed 100 rupees/litre. What can the govt do to help consumers? WION's Palki Sharma has the details.

Gravitas: What's India's Oil Strategy?

Saudi Arabia, the world's top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day in April. After Russia walks out from OPEC deal.

WION Fineprint: Saudi Arabia plans big oil output hike

Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts, as well as lower expected production by the United States and other non-OPEC nations, the International Energy Agency (IEA), said on Thursday.

Oil market to remain oversupplied despite OPEC+ pact, says IEA

Saudi Aramco has emerged from attacks on its oil facilities "stronger than ever", Chief Executive Amin Nasser told employees in a message, adding that full oil production would resume by the end of this month.

Saudi Aramco has emerged from attacks 'stronger than ever': CEO

This segment of WION brings to you top stories of the morning from across the globe. Watch this video to get updated with the latest information.

WION Speed News: Watch top national and international news of the morning - September 17th, 2019

Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.

Oil hits six-week high on hopes of extended OPEC output cuts

Oil producers will do "whatever necessary" to rebalance a crude market depressed by trade tensions and an uncertain global outlook, the United Arab Emirates' energy minister said Sunday.

Oil nations to do 'whatever necessary' to balance market: UAE

Russia on Monday warned of a strong risk of global overproduction of oil that could lead crude prices to drop below $40 a barrel. "There are really great risks of overproduction today," Russian Energy Minister Alexander Novak said during a meeting with Saudi counterpart Khalid al-Falih in Moscow.

Russia warns of 'great risk' of oil overproduction

Wall Street rose on Friday as investors hoped for progress on trade in a critical US-China meeting over the weekend, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in nearly seven years.

Wall Street rises on trade hopes; S&P, Nasdaq post best weeks in seven years

US sanctions against importers of Iranian oil threaten the crude oil market's precarious balance and risk surging prices, all under Saudi Arabia's watchful gaze, according to experts.

Oil market on alert as Iran sanctions hit

In the next 20 years, 138 million more electric cars will hit the road, says the International Energy Agency.

Will oil-driven car vanish with new electric vehicles on the roads?

The IEA has cut its projections for global oil demand for 2017; oversupply threatens production freeze

Global oil glut to continue until mid-2017: International Energy Agency

Brent crude futures for November delivery were up $2.09 per barrel at $48.92 a barrel

Oil jumps amid talk of producer action to support prices

A recent survey showed OPEC output was likely to reach its highest in recent history

Iran says crude market oversupplied but balance will be restored

Fundamentals offer limited scope for further price gains and Brent is expected to trade broadly sideways over the coming months

Oil steady as market moves towards balance, but slow Asian demand hurts

The Pound rose to a six-month high against the Dollar early on Thursday

Oil prices go up ahead of Brexit vote

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