OPEC+ Extends Oil Cuts, Saudi Arabia Increases Prices To Asia
A few days ago, Saudi Arabia assured that oil prices in Asia would remain unchanged. However, this seems to be not true, as Saudi has announced that it will increase the price of its main oil grade for buyers in Asia from next month onwards. This announcement comes days after the OPEC+ group agreed on…
Abdullah Ansari
Oil Price Plunge-Producers Grapple With Volatility
In a bid to combat falling oil prices and volatile market conditions, oil-producing countries have once again agreed to production cuts. The recent meeting of OPEC+ nations, led by Russia, resulted in Saudi Arabia announcing a voluntary reduction of one million barrels per day (bpd) in July. Additionally, OPEC+ has agreed to further cuts of…
Yash Sharma