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

Recent Posts

BRICS adopts Indore Declaration; India to lead seed rights, digital agriculture initiatives

BRICS nations have adopted the "Indore Declaration," pledging enhanced cooperation in agriculture and launching new…

18 hours ago

Hardeep Singh Puri says India has over 60 days of crude, gas stocks; rules out any energy supply crunch

India assures ample energy supplies, with over 60 days of crude oil and natural gas…

18 hours ago

Tu cheez badi hain….Musk Musk: A small step for SpaceX, a giant leap to a trillion for Elon

Elon Musk has achieved a historic milestone by becoming the world’s first trillionaire, driven by…

2 days ago

Centre opens radio spectrum to accelerate deployment of vehicle collision-avoidance systems

India has removed licensing for crucial radio spectrum bands, specifically 77-81 GHz for automotive radar…

2 days ago

Countries protecting domestic industries, India no exception: Piyush Goyal on global trade

India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect…

3 days ago

Seeds of change: How India’s agriculture went high-output in 12 years

India's agriculture sector has seen remarkable growth over the past decade, fueled by increased government…

3 days ago