Image for representational purpose only. | Photo Credit: Reuters Gold price declined ₹270 to ₹59,480 per 10 gram in the national capital on April 3 amid weak global trends, according to HDFC Securities. The precious metal had settled at ₹59,750 per 10 gram in the previous trade. Silver also plunged ₹320 to ₹71,780 per kg. […]
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A flare to burn methane from oil production is seen on a well pad near Watford City, North Dakota, Aug. 26, 2021. | Photo Credit: AP Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. Brent crude futures fell […]
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The move of the OPEC and its allies to cut oil production is a “mistake” and a “short-sighted” decision that has favoured the Russians and the U.S. is going to re-evaluate its ties with Saudi Arabia, the White House has said. Members of the Organisation of the Petroleum Exporting Countries (OPEC) and their Russia-led allies […]
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What is OPEC+? Why have they slashed oil output? What is its effect on India and global relations? What is OPEC+? Why have they slashed oil output? What is its effect on India and global relations? The story so far: On October 4, the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as […]
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The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices The OPEC+ alliance of oil-exporting countries decided on Wednesday to sharply cut production to support sagging oil prices, a move that […]
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