For decades, the relationship between India and the Gulf has been defined by oil. However, for firmer influence, the country is ready to its interests in West Asia beyond oil and gas.

India’s interests in West Asia to go beyond oil, gas for firmer influence

September 14 in history: From formation of OPEC to assassination of an Afghan President

Russian Energy Minister Alexander Novak has tested positive for coronavirus, Russian Prime Minister announced in a government meeting on Tuesday. The news broke out hours before Novak was to participate in a video conference by the ministerial monitoring committee of OPEC and its allies.

Russian Energy Minister tests positive for coronavirus hours before OPEC meeting

Since the start of April Brent has nearly doubled, propped up by the unprecedented production cut of 9.7 million barrels per day.

Oil climbs over 2% after OPEC deal

During the virtual meeting on Saturday, the cartel agreed that the countries that were unable to reach full conformity in May and June will have to compensate for this in July, August and September.

OPEC+ Agrees On Extending Record Output Cuts

OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.

OPEC, Russia extend record oil cuts to end of July

OPEC and its allies led by Russia meet on Saturday over plans to extend record oil production cuts and to push countries such as Iraq and Nigeria to comply better with existing curbs.

OPEC, Russia meet to extend record oil cuts, push for compliance

OPEC and its allies led by Russia meet on Saturday to approve extending record oil production cuts and to push countries such as Iraq and Nigeria to comply better with existing curbs.

OPEC, Russia meet to extend record oil cuts

OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to approve a new approach that aims to force laggards such as Iraq and Nigeria to comply better with the existing curbs.

OPEC+ to meet on Saturday on extending cuts, pushing for compliance

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to deepen their cuts, OPEC+ sources told Reuters.

Saudi, Russia reach deal on oil cuts, raising pressure for compliance

OPEC and Russia have reached a historic deal to cut oil production. But, the oil markets may not cheer the truce just yet. WION's Palki Sharma decodes the biggest headline in the oil industry in more than a decade.

Gravitas: OPEC & Allies ink historic oil deal

The oil producting countries have finally agreed upon a production cut. As per the historic deal signed today, 10 per cent of the global oil supply would be cut.

EXPLAINED: What is the historic oil deal all about?

Oil prices rose ten per cent on Tuesday after Russia indicated that it was open to cooperation with OPEC, a day after prices recorded biggest one-day percentage decline since the first Gulf War in 1991.

Oil prices rise 10% after Russia indicates 'open to cooperation with OPEC'

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

OPEC agreed on Thursday to cut oil output by an extra 1.5 million barrels per day (BPD) in the second quarter of 2020 to support prices that have been hit by the coronavirus outbreak but made its action conditional on Russia and others joining in.

Saudi Arabia responds aggressively to collapse of OPEC alliance with Russia

Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices hit by economic fallout from the coronavirus, and OPEC responded by removing limits on its own production.

Oil takes biggest daily dive in over a decade as Russia, OPEC split

OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional 1.5 million barrels per day (bpd) of oil cuts until the end of 2020, saying a big move was needed to deal with the impact of coronavirus.

Big blow to oil industry due to Covid-19 outbreak, OPEC announces massive output cuts

Oil prices rose more than 1 per cent on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.

Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts

Russian President Vladimir Putin said on Sunday that current oil prices were acceptable and that Russia had the tools to react to any negative effects of the spread of the coronavirus on the global economy, Russian news agencies reported.

Russia's Putin says current oil prices acceptable

Oil prices rose on Wednesday, with Brent gaining for a seventh straight day after a slowing of new coronavirus cases in China eased demand worries and supply was curtailed by a US move to cut more Venezuelan crude from the market.

Oil up on slowing pace of coronavirus, Venezuela sanctions

The United Arab Emirates has issued an operating licence for the Arab world's first nuclear power plant, a senior official at the nuclear regulator said on Monday, paving the way for it to start production later this year.

United Arab Emirates issues operating licence for Arab world's first nuclear plant

The OPEC oil cartel on Wednesday lowered its forecast for growth in global oil demand this year by nearly a fifth due to the impact of the coronavirus outbreak in China.

OPEC chops global oil demand growth forecast over coronavirus

Oil prices sank about 1 per cent on Tuesday as fears that energy demand would take a long-term hit from the growing coronavirus outbreak outweighed hopes for more production cuts from OPEC and its allies.

Oil falls 1% as demand fears outweigh hopes for bigger OPEC+ cuts

Minister of Petroleum and Natural Gas Dharmendra Pradhan on Saturday said that there was no dearth of crude oil in the global market and the government was keeping a sharp eye on the global developments.

No dearth of crude oil in global market: Union Minister Dharmendra Pradhan

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