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These 8 countries around the world took a decision which will have a direct impact on India!

Admin — Mon, 03 Nov 2025 08:06:13 +0000

OPEC+ Decisions on Crude Oil: There is now going to be a brake on oil purchases from Russia, which supplied cheap crude oil to India amid the Ukraine war. Due to US sanctions, Indian companies have decided to stop purchasing crude oil from two major Russian oil companies for the time being. Meanwhile, the decisions taken in the recent meeting of OPEC Plus, a group of oil producing countries, have further increased India’s concerns.

Two big decisions of OPEC Plus

According to the New York Times report, OPEC Plus countries took two important decisions in the meeting held on Sunday – daily oil production will be increased by 1.37 lakh barrels from December 2025. However, this increase is very minor compared to global demand. There will be a complete brake on production growth in the first quarter (January–March) of the year 2026. This means that there will be no increase in production during this period and the market situation will be closely monitored.

Difficulties may increase for India

OPEC Plus is an alliance of 22 major oil producing countries of the world, which has a major impact on global oil production and prices. If production remains limited, international prices of crude oil may increase. For India, which imports about 85% of its oil requirements, the import bill is set to rise. Due to this, there is a possibility of increase in both fiscal deficit and inflation. Also, due to increase in demand for dollar, pressure on rupee may also increase.

America has recently imposed new sanctions on two major Russian oil companies, due to which India has had to stop the purchase of cheap Russian crude oil. Now Indian companies are preparing to source crude oil from alternative suppliers – like Saudi Arabia, Iraq and UAE, but the prices there are relatively high.

According to experts, if OPEC Plus limits the increase in production and reduces imports from Russia, then in the coming months India may see an increase in petrol and diesel prices, increase in inflation and weakening of the rupee.

Also read: Rupee falls against US dollar, what is the reason for weakness in Indian currency?

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OPEC+ 8 Members Agreed to Increase Crude Oil Supply By 548000 Barrels per day in August

Admin — Sun, 06 Jul 2025 05:37:27 +0000

Crude oil prices: OPEC+ is going to increase the supply of oil from the month of August. Its 8 members have agreed to increase the supply of crude oil by 548,000 barrels per day. Earlier, OPEC had announced an increase of 411,000 barrels in the supply of crude oil in May, June and July. The purpose of this decision of OPEC+ is to fulfill the increasing demand as well as reduce the prices of crude oil.

The impact of this decision of OPEC+ will be seen in markets around the world. Oil prices in India can also be reduced. India imports a large part of its oil needs and OPEC is a major supplier. Recently, countries involved in OPEC+ decided to increase their production before August.

India will benefit greatly

Experts say that sudden increase in oil production may reduce prices further. This can also provide relief in the prices of petrol, diesel and other petroleum products in India. Now it is obvious that if the prices of oil are low, then the general public of the country will get the benefit. This will affect the prices of transport and everyday things. This can also strengthen the country’s economy, because the import bill will decrease.

What is OPEC and OPEC+?

OPEC (Organization of the Petroleum Exporting Country) is an organization of 14 countries exporting petroleum, including Saudi Arabia, Iran, Iraq, Kuwait, Venezuela, Libya, Indonesia, Qatar, Algeria, Nigeria, UAE, Equatorial Gaana, Congo, Angola, Ecquore and Gabon. It was established in 1960. At the same time, OPEC+ includes non-OPEC countries like Azerbaijan, Kazakhstan, Malaysia, Russia, Mexico, Oman and Sudan. It was formed in 2016.

Also read:

Azerbaijan has a big deal with Pakistan, know what is the matter?

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Crude oil prices reached 67 dollars in the global market, after all, the price of crude oil rising worldwide?

Admin — Mon, 09 Jun 2025 08:44:55 +0000

Oil Pries Surge: On the first business day of the week on Monday, oil prices continued for last week. Brent crude is at $ 66.47 per barrel. While the intermediate crude is trading at $ 64.59. Meanwhile, investors are eyeing a meeting between the US and Chinese officials in London. Both countries are trying to reduce tension on trade. & Nbsp;

This decision of China has an impact on oil prices

On Saturday, US President Donald Trump and his Chinese counterpart Xi Jinping spoke on the phone for about 90 minutes. After this, Trump gave information about this meeting and also said that China is ready for the shipment of rare economy in America.

Actually, prohibiting China’s rare meaning elements in April has also affected oil prices because these rees are used on a large scale to make drilling machines, pumps, etc. in oil and gas industry. China is the largest exporter of rare meanings in the world. In such a situation, the oil and gas industry will be affected by stopping export from China. & Nbsp;

This is also the big reason for the rise in oil prices

Last Monday, there was a rise in oil prices, causing American crude oil prices to reach a two-week high level as investors ignored OPEC Plus’s decision to increase oil production per day amidst gearful stresses. On June 8, Ukraine attacked with a drone, targeting the Russian airport. Earlier on the night of June 6, Russia launched a big attack on Ukraine.

Both countries are continuously retaliating on each other. Due to this, the possibility of conversation on ceasefire between Russia and Ukraine has started staggering again. Meanwhile, Ukraine’s Russian oil refineries are expected to be targeted and if this happens, its effect will be seen on the oil market because Russia is a big supplier of crude oil. & Nbsp;

The impact of increasing oil price was also seen in some cities of India. Let us see what is the price of petrol and diesel today in the four major metros of the country- & nbsp;

Petrol in Delhi Rs 94.72 and diesel Rs 87.62 per liter
Petrol in Mumbai Rs 103.44 and diesel Rs 89.97 per liter
Petrol in Chennai Rs 100.76 and diesel Rs 92.35 per liter
Petrol in Kolkata Rs 104.95 and diesel Rs 91.76 per liter

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India Oil Demand Constantly Increasing will increase by 39 percent in 2025 OPEC REPORT SAID

Admin — Thu, 15 May 2025 13:13:53 +0000

India oil import: The demand for oil in India is constantly increasing. According to a new report by OPEC, an organization of petroleum exporting countries, India is going to have the highest number of oil demands in the world in 2025 and 2026. This is more than doubled more than China. India is one of the fast growing economies in the world. The demand for energy is also increasing day by day. As a result, oil demand in India is estimated to increase from 5.55 million barrels per day (BPD) to 5.74 million BPD in 2024, which reflects a 3.39 percent lead.

America imports oil the most

According to the report of the news agency PTI, this increase is expected to continue in 2026, which will reach 5.99 million BPD, which shows an increase of 4.28 % in a year. In contrast, oil demand from China is estimated to increase only 1.5 % in 2025 and 1.25 percent in 2026. This shows that the highest consumption of oil in the world is being done in India.

Despite this, America is at the top among the highest number of oil. Its estimated demand in 2025 will be 20.5 million BPD, followed by China with 16.90 million BPD and 17.12 million BPD in 2026. In view of the rapidly increasing consumption of oil, India is third in this list. In 2025 and 2026, the demand for oil from the US is likely to increase a slight increase of 0.09 and 0.6 percent respectively.

India imports so much percent of oil

According to previous estimates by OPEC, oil demand is expected to increase by 1.3 million BPD in 2025 and 2026. OPEC said, India’s economy is moving fast. The current pace of strong economic development is expected to continue, which is inspired by consumer expenses, investment and government support for major sectors.

India currently imports more than 85 % of its crude oil requirement. After this, through refining, it is converted into fuels like petrol and diesel. OPEC reported that India’s crude oil imports in March reached a record high 5.4 million BPD, which shows an increase of more than 5 % in a month.

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Why is hydrogen truck many times more expensive than mango diesel truck? Adani Group launched it in Chhattisgarh

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