OPEC & OPEC+

India’s engagement with the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ (OPEC plus allied oil-producing countries like Russia) remains crucial due to its heavy dependence on crude oil imports. In recent times, India has raised concerns about price volatility and called for transparent, reliable supply chains, while exploring alternate energy sources and suppliers.

Recent Developments

  • OPEC-Plus Output Policy Shift: Recently, OPEC+ began easing voluntary production cuts, approving gradual output hikes of around 411,000 barrels per day to address rising global inventories and stabilize prices.
  • India-centric Oil Supply Increase: In May 2025, leading OPEC+ producers, including Saudi Arabia, Russia, Iraq, ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy August 2025 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

International Relations