As crude prices remain steady around $60/bbl all eyes on OPEC+ meet as the world’s largest oil producers set to decide if supply of oil should be increased. OPEC along with Russia. The Organization of the Petroleum Exporting Countries and its allies led by Russia, , could discuss allowing as much as 1.5 million barrels per day back onto the global market.
OPEC+ continues to hold around 7 million bpd off the markets even as demand has to started pick up across the globe. Prices also gone up multi-fold from the pandemic lows of sub $20/bbl mark.
This comes at a time when India is already facing record high prices at petrol pumps . Indian Oil Minister has urged the 23 national coalition to keep policy and output stable. India imports 80% of it’s crude demand.
RIL increases oxygen supply 7 fold, Tata imports containers as shortage turns acute
Tata Sons' N Chandrasekaran speaks with Vikram Chandra at AIMA National Convention
Amazon, Flipkart suspend non-essential deliveries in Delhi due to lockdown
CLSA sees food delivery as $11 billion market in 5 years
The Maha vaccine shortage: Vaccination drive at Mumbai's BKC centre halted
Sputnik V: when will it come, how much will it cost? Dr Reddy's Lab gives clarity
At current rate India will need 20 months to vaccinate all above 18
Sputnik V vaccine 98% effective against Covid-19: Russian scientists
Domino’s India customer data hacked, allegedly available on dark web
Remdesivir option in oral form, Jubilant Pharma seeks regulator nod
Govt clears grants for Serum and Bharat Biotech to increase Covid vaccine manufacturing
Markets crack as COVID worries rise, Sensex sinks 1000 points
Economy in need of oxygen as brokerages downgrade bets on India for FY'22
States call for urgent GST meet to cut cost of medical equipment, drugs
Hong Kong bans all flights from India from April 20 as Covid cases rise
Delhi govt files FIR against 5 airlines for flouting Covid SOP for Maharashtra passengers
India needs to prepare for greater uncertainty: Niti Aayog VC on fresh Covid-19 wave
HDFC Bank reports almost pandemic proof Q4 earnings
Big relief for Biyani, lenders agree to recast loans as Amazon's legal tussle continues