The Headlines – Oil markets: OPEC+ to ramp up oil production; 1,37,000 barrels per day more from October

  • By
  • Posted in News
  • Updated
  • 1 min read
The Headlines – Oil markets: OPEC+ to ramp up oil production; 1,37,000 barrels per day more from October

Eight key OPEC+ members, including Saudi Arabia and Russia, plan to increase oil production by 137,000 barrels per day starting next month, despite sliding oil prices and concerns about oversupply. This decision signals a shift towards prioritizing market share over price support, surprising markets and raising questions about the alliance’s unity amid geopolitical tensions and fluctuating global demand.

The Headlines – Latest Business News Today: Stock Markets, Financial News, India Business & World Business News – Read More