Monday, January 6, 2025

OPEC ready to reach ‘forceful’ deal on cutting oil output: Venezuelan President

From Business Standard: OPEC countries are ready to reach a “forceful” agreement on cutting oil output, Venezuelan President Nicolas Maduro said on Wednesday, following a meeting with OPEC Secretary-General Mohammed Barkindo in Caracas. “There is sufficient will among OPEC countries to take the step we need to take in the month of November, (to reach) a forceful agreement to reduce

Iran overtakes Saudi to becomes India’s top crude oil supplier

From Energy World: For the first time ever, Iran has surpassed Saudi Arabia to become India’s top crude oil supplier. Iran, which was India’s second biggest supplier of crude oil after Saudi Arabia till 2010-11, sold 759,700 barrels of oil per day to India in October, 56 per cent more than a year ago. This was larger than 717,000 bpd