OPEC and Russia Agree to Cut Oil Production by 2 Million Barrels a Day affected petrol diesel prices – Business News India

The Organization of Oil Exporting Countries (OPEC) and its allies (OPEC Plus) decided to cut crude oil production in order to boost prices. This step will make the global economy more difficult.
After the start of the Kovid-19 epidemic, it was decided to cut production by 20 lakh barrels per day from November in the first face-to-face meeting of the energy ministers at the headquarters of the OPEC alliance in Vienna.

Also read- বান্স শির্র ক্রি ক্রি ক্রি ক্র্তি ক্রিক ক্রিক ক্রিক 1000 গ্ন ব্রাক ক্র্যাযা
Before that, OPEC Plus cut production last month. However, during the epidemic, there was a large cut in production, but the exporting country was spared from a large cut in production from the last few months. OPEC Plus said in a statement that this decision was taken in view of the uncertainty in the global economic and crude oil market scenario.

Read also- This share of Tata Group fell from Rs 290 to ₹103, investors lost 1 lakh to ₹35,000

However, the reduction in oil prices and the price of petrol made from it will not have a special effect because the members of OPEC Plus have not been able to fulfill the ‘quota’ set by the group.

Source link

Leave a Reply

Your email address will not be published.