International

Pradhan said India will raise the issue of the recent fuel price hike at the OPEC meeting.

An oil production shortfall in Iran and Venezuela has changed the scenario for the two countries and members of the oil cartel.

There’s lots of concern that the increased cost in pipe will increase the costs for oil.

In the currency market. the U.S. dollar is trading in the mid 110 yen-range on Monday.

OPEC members. including Saudi Arabia. and other oil producers will meet in Vienna this week.

IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.

OPEC operates on consensus. and the production limits have always depended on voluntary compliance.

Trump unveiled a 25 percent tariff on a list of strategically important imports from China. including cars. promising further measures if Beijing struck back.

GCC countries are thinking about the need to replace lost Iranian barrels.

India'.s SBI to Stop Handling Iran Oil Payments.