OPEC Plus announces oil output cuts of around 1.16 mbpd

0
WhatsApp Channel Join Now
Telegram Group Join Now
Instagram Join Now

In the midst of ever increasing inflation, this step of oil exporting countries can increase the prices of petrol and diesel in India along with the world. At the same time, the relations between Riyadh and America can be further strained.
Saudi Arabia and OPEC plus countries announced plans to cut crude oil production by about 1.16 million barrels per day from next month. In the midst of ever increasing inflation, this step of oil exporting countries can increase the prices of petrol and diesel in India along with the world. At the same time, the relations between Riyadh and America can be further strained.

At the same time, Saudi Arabia has said that it will cut oil production by half a million barrels per day from May to the end of 2023. Saudi Arabia’s energy minister said on Sunday that the move would help stabilize the oil market. The cuts will be done with the consent of some OPEC and non-OPEC countries. However, he did not name anyone. This reduction in production will be in addition to the reduction announced in October, 2022.

Kumud Sharma

https://diarytimes.com/

Continuing the achievement of the journey of effectiveness and credibility of more than 10 years in the career of journalism, as a woman journalist, I am Serving as the founder, promoter and editor of DiaryTimes with the trust and support of all. My credible coverage may not have given a big shape to the numbers, but my journey presents articles that make you aware of the exact and meaningful situations of Himachal’s politics, ground issues related to the public, business, tourism and the difficult geographical conditions of the state and financial awareness. DiaryTimes, full of the experience of my precise editorial expertise, is awakening the flame of credible journalism among all of you, so that the eternal flame of meaningful change can be lit in the life of the people of the state and the atrocities being committed against the people can be brought to the fore, I am motivated for that. If even a small change comes with the power of my journalism and the whole world becomes a witness to that issues, then I will consider myself fortunate.

Leave a Reply

Your email address will not be published. Required fields are marked *

Google News Titles