oil production

New Delhi, April 5 In their collective commitment to support oil market stability amid the West Asia crisis, the eight OPEC+ countries — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — decided on Sunday to implement a production adjustment of 206,000 barrels per day...

Goldman Sachs Raises Oil Price Forecasts Amid Strait of Hormuz Disruption Analysts at Goldman Sachs have significantly increased their oil price forecasts for 2026, citing substantial disruptions to shipments through the Strait of Hormuz. The investment bank anticipates a major supply shock to...

Chevron and Shell Near Major Oil Production Deals in Venezuela After Oil Law Reform Chevron and Shell are reportedly close to securing the first major oil production agreements in Venezuela since the United States captured President Nicolas Maduro in January. According to five sources familiar...

ONGC and Oil India Shares in Focus as Crude Oil Prices Surge After US Israel Strikes on Iran Shares of Oil & Natural Gas Corporation Ltd. and Oil India Ltd. remain in focus on Monday, March 2, after global crude oil prices surge sharply following weekend attacks by the United States and Israel...

Oil Prices Surge After US and Israel Strikes on Iran, Brent Crosses $80 Before Easing Global oil prices spike as Middle East tensions escalate, with Brent crude briefly touching $80 per barrel before paring gains.Brent and WTI Jump Sharply Amid Escalating Middle East Crisis Global oil markets...

Oil Prices Surge to Seven Month High as US and Israel Strikes on Iran Trigger Middle East Crisis Global oil prices have jumped sharply after coordinated military strikes by the United States and Israel on Iran escalated tensions across the Middle East over the weekend. The situation intensified...