28 May 2009, VIENNA, VIENNA, Austria --- epa01744496 (L-R, front row) Director of the OPEC research divisiton, Dr. Hasan M. Qabzard, OPEC President, Angola's Oil Minister Jose Maria Botelho de Vasconcelos and OPEC Secretary-General Abdalla el Badri (R) address the media during a press conference in Vienna, Austria on 28 May 2009. Officials of the 12 Organization of Petroleum Exporting Countries (OPEC) members held a closed-door meeting in Vienna on 28 May.  EPA/HERBERT PFARRHOFER --- Image by © HERBERT PFARRHOFER/epa/Corbis Courtesy: The Speaker-news
23 July 2015

OPEC’s spigot: spot on

By keeping production high and oil prices low, OPEC is taking on oil and gas companies by undercutting their ability to investments in future oil & gas production

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Petrol Pump_delhi Courtesy: http://photodivision.gov.in/
4 December 2014

Why oil won’t worry India in 2015

Last week, petroleum prices reached a five-year low, and the fall is likely to last as new production and alternative sources enter the market. India, which has a huge petroleum products bill, now has a chance to shock-proof its economy, diversify dependence away from West Asia, and become energy-efficient

brent2 Courtesy: FadderUri/Flickr
17 December 2013

Reassessing Brent benchmark for crude oil

The allegations against several oil companies and price reporting agencies like Platts have raised concerns about the credibility of the global oil benchmarking architecture. While there is a need for corrections to the existing structure, the time is right for BRICS to develop alternate options

himani Courtesy: counting chest bullets/Flickr
13 November 2013

The new energy price economics

In recent years, U.S. oil and gas imports have declined due to the development of shale resources in the country. How will the production of shale oil, increase in oil production by non-OPEC countries, supply disruptions in West Asia and economic growth in India and China impact global crude oil prices?