Bhubaneswar (Odisha) [India], May 20 (ANI): Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Sunday said the hike in the fuel prices is due to the less production of oil in the Organization of the Petroleum Exporting Countries (OPEC) and hike in crude oil price in the internati
New Delhi [India], Nov 9 (ANI): Crude oil prices (Brent) have increased by 34 percent to USD 64.3/bbl in early Nov 2017 from USD 48.0/bbl in Nov 2016 - end when the Organization of the Petroleum Exporting Countries (OPEC) had decided to cut back on crude oil production, according to a report
Tehran [Iran], Oct. 24 (ANI): Iranian leaders have urged oil producing countries outside the Organization of the Petroleum Exporting Countries (OPEC) to back the resolve of the oil cartel to stabilize the oil market and boost crude prices.