Tag Archives: Reuters International News Agency

The government is cutting petrol and diesel by 2.50 rupees per litre to help Indians struggling to pay fuel prices.

Russia and Iran are still considering how to make payments to one another in their national currencies.

Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC’s agreement on output cuts by producing more crude.

U.S. sanctions on Iran’s petroleum sector are set to take effect next month.

Oil producers have added a total of about 1 million bpd output in ``recent weeks and months``.

Putin and the Shell boss will discuss the Sakhalin-2 liquefied natural gas (LNG) project on Russia’s Pacific coast.

Brent has risen by more than 20 percent from its most recent lows in August.

This project expected to have the capacity to produce up to 200 gigawatts by 2030.

Saudi Arabia. OPEC’s de facto leader and largest producer. pumped 10.53 million bpd in September.

Norway sent a record high volume of gas to Europe this summer.