Categories: BUSINESS

Oil markets: OPEC+ to ramp up oil production; 1,37,000 barrels per day more from October

Eight key OPEC+ members, including Saudi Arabia and Russia, plan to increase oil production by 137,000 barrels per day starting next month, despite sliding oil prices and concerns about oversupply. This decision signals a shift towards prioritizing market share over price support, surprising markets and raising questions about the alliance’s unity amid geopolitical tensions and fluctuating global demand.Oil markets
Sumitra

Share
Published by
Sumitra
4 weeks ago

Recent Posts

Online money gaming crackdown: Government proposes to make breaches non-bailable; warrantless searches allowed in draft rules

New draft regulations classify breaches of online money gaming protocols as non-bailable violations, extending accountability…

14 hours ago

‘Being dealt with utmost seriousness’: Revenue department to probe Wintrack’s Chennai customs ‘corruption’ claims; senior officer deputed

The Finance Ministry said on Thursday that the Department of Revenue (DoR) has been asked…

14 hours ago

Aging population : CEA Nageswaran urges long-term savings for India’s elderly; warns of demographic shift

Chief Economic Advisor V Anantha Nageswaran underscored the critical need for long-term savings to ensure…

2 days ago

US job data: Private sector sheds 32,000 jobs in September; ADP report shows slowdown despite wage growth

The US private sector unexpectedly shed 32,000 jobs in September, according to ADP, defying analysts’…

2 days ago

Airbus and Air India inaugurate pilot training centre in gurugram

3 days ago

Donald Trump announces Pfizer price cuts for Medicaid; $70 billion US investment promised; stock jumps 5%

Pfizer agreed to lower prescription drug costs for Medicaid and invest $70 billion in US…

3 days ago