Government asks oil companies not to revise oil prices
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New Delhi, Oct 31 (UNI) In view of softened international oil prices, the Government today directed the oil companies to maintain the retail prices of petrol and diesel till November 15.
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OPEC may resist calls to raise oil output quotas much, if at all, when it meets this week for fear of turning a decline from record prices into a rout.
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OPEC met on Monday against the backdrop   of a $13 fall in the oil price since mid-July but ministers   said they were unlikely to tamper with output ahead of peak   winter demand and with supply worries ever present.
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OPEC has no power over many of the factors buffeting oil markets and the group is worried by record high prices that are threatening the world economy and future demand growth, OPEC ministers said on Tuesday.
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Oil prices rose for the second day in a row on Thursday as several OPEC ministers called for the cartel to stop producing more oil than its official target.
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Oil prices rose for the second day in a  row on Thursday as several OPEC ministers called for the cartel  to stop producing more oil than its official target.
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LONDON, NOVEMBER 29: Opec will not consider switching from dollar-denominated oil sales despite the decline in the value of the US currency, the oil minister for the worldâs leading crude producer Saudi Arabia said.
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OPEC oil ministers will meet on January  30 as scheduled despite a request from Iraq to move the date of  the meeting to avoid a clash with the Iraqi elections, an OPEC  spokesman said Wednesday.
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Oil prices rose for the second day in a  row on Thursday as several OPEC ministers called for the cartel  to stop producing more oil than its official target to prevent  a glut next year.
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OPEC can do nothing about the high price of oil because factors other than crude supply have sent the market to near record levels, Qatar's Energy Minister said on Wednesday.
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NEW DELHI: The government on Sunday decided to hold back any hike in fuel prices. Under the price-band mechanism, there&#39;s room to raise prices of petrol by 66-67 paise/litre and diesel by Rs 1.88/litre.
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The world&#39;s top finance officials on Friday asked oil-producing nations to step up production and agreed it was crucial to work out exactly why prices
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Energy Secretary Vince Perez Thursday called on oil companies to reduce oil prices in two weeks&#39; time following a decision by the Organization of Oil Exporting Countries (OPEC) to raise its supply quota by 1 million barrels a day.
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World oil prices should remain next year around current levels and OPEC&#39;s existing price target band should be raised because it has failed to reflect the market, Venezuela&#39;s energy minister said on Sunday.
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New Delhi, Oct 30 (UNI) Petroleum Minister Mani Shankar Aiyar today met Prime Minister Manmohan Singh over the issue of petroleum prices and said decision on the price revision would be taken tomorrow.
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The world's top economic leaders  Friday asked oil producers to pump more crude and demanded  better market data to determine why oil costs have roared to  levels that imperil the best growth prospects in 30 years.
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Oil prices have raced to new record high levels after oil majors evacuated workers in Nigeria and police clashed with suspected Islamic militants in the Saudi Arabian capital, Riyadh.