Saturday, April 17, 2021 04:49:18
OIB News
No Result
View All Result
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
    • Celebrity
    • Videos
  • Countries
    • India
    • US
    • UK
    • Africa
  • हिंदी समाचार
    • राजनीति न्यूज़
    • व्यापार
    • स्वास्थ्य
    • क्रिकेट
    • ज़रा हटके
    • बॉलीवुड
  • Sports
  • Global News
  • Gadgets
  • Others
    • Tech
      • Gaming
      • AutoMobile
  • Login
  • Register
OIB News

COVID 19 Pandemic; Oil Allies to cut output.

Petroleum industry

A devastating price war ended between Saudi Arabia and Russia after the world’s top oil producers agreed on a deal to cut global petroleum output by nearly 10%.The agreement emerged after week long rally of bilateral calls and video conferencing of ministers from the Organisation Of Petroleum Exporting Countries (OPEC) and the group of 20 nations(G20).


Following this deal, there was a rise in price by 4% almost $33 for a barrel in London’s market. The decision was taken after the global pandemic hit the world’s economy. The OPEC+( group of OPEC, Russia and other producers) will be cutting 9.7 million barrels per day and a total of 20 million barrels per day,20% of the global supply will be cut.

You Might like

Sachin Tendulkar

Cricket icon Sachin Tendulkar tests positive for COVID-19

March 27, 2021
India in Depression

Panic to paranoia: India’s mental health crisis is still emerging one year later

March 25, 2021

The decision was taken after the US President Donald Trump’s intervention and pressures.President Trump personally brokered the deal with Mexican President Andres Manuel Lopez Obrador, Vladimir Putin, the President Of Russia and King Salman of Saudi.
The demand for Gasoline, jet fuel and diesel is collapsing after the virus paralyzed the air and ground travel.

Share this:

  • Twitter
  • Facebook
  • LinkedIn
  • Pocket
  • Pinterest
  • WhatsApp
  • Email

Like this:

Like Loading...
Previous Post

Tremors felt in Delhi NCR, 3.5 Ritcher Magnitude.

Next Post

24 घंटे में भारत में 796 नए मामले, 35 की मौत 

Jyothish Kamal

Jyothish Kamal

Comments Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Updates

Delhi woman stabbed

Why India ranked as the dangerous place for women

April 16, 2021
LG Formed Ties With Dutch Firm To Develop Quantum Computing Tech

LG Formed Ties With Dutch Firm To Develop Quantum Computing Tech

April 16, 2021
ADVERTISEMENT

Related Posts

crop woman using calculator while counting bills in workspace
Uncategorized

How to make the best website for Accountants?

by OIB Contributors
April 15, 2021
0

We all know that most businesses are getting digital and through websites. Similarly, the accountants are offering their services by...

Read more
cpa
Uncategorized

Find the Best CPAs Near You

by OIB Contributors
April 15, 2021
0

CPA is an acronym of (Certified Public Accountant) is the authority certified by the government for the public. These are...

Read more
Uncategorized

Worldwide Automotive Die Casting Lubricants Market 2021 Growth Opportunity

by Palak Pipalia
April 13, 2021
0

MarketsandResearch.biz has distributed another report named Global Automotive Die Casting Lubricants Market 2021 by Manufacturers, Regions, Type and Application, Forecast...

Read more
Resturant in Delhi
Uncategorized

Now, the north civic body of Delhi wants to distinguish between jhatka and halal

by Ria Tandon
March 31, 2021
0

The North Delhi Municipal Corporation on Wednesday made it mandatory for restaurants and meat shops to show whether the meat...

Read more
ADVERTISEMENT

Premium Contents

7 Skin care tips for dry skin

by Manvika_reddy
April 10, 2021
0

Dry skin, also called xerosis, is skin that lacks moisture in its outer layer. If left untreated, dry skin can...

selfcare tips

5 Self-Care Tips for Working from Home

by shifa ali
April 10, 2021
0

It’s a typical Monday evening, you are swamped with work from home tasks. Anxiety and uneasiness attacking you. You need...

syringe and pills on blue background

Covid-19 Vaccines: What Is Coming And When?

by Annu Kumari
September 3, 2020
0

This pandemic has changed everyone's lifestyle and affected people around the world. It not only made a difference in lifestyle...

photo of woman using earphones

How To Boost Stamina Naturally Post Lockdown; Follow these 3 Easiest Methods by expert

by Annu Kumari
April 2, 2021
0

This pandemic has changed everyone's lifestyle and affected people around the world. It not only made a difference in lifestyle...

ADVERTISEMENT

Next Post
Coronavirus spreading all over the country

24 घंटे में भारत में 796 नए मामले, 35 की मौत 

OIB News

We bring you the current news from India and around the world in a most simplified way. Read Latest News and Stories on your favorite categories from Business, Politics, Health, Lifestyle, Bollywood, Crime, Sports, etc.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1,622 other subscribers

Category

Recent News

Delhi woman stabbed

Why India ranked as the dangerous place for women

April 16, 2021
LG Formed Ties With Dutch Firm To Develop Quantum Computing Tech

LG Formed Ties With Dutch Firm To Develop Quantum Computing Tech

April 16, 2021
  • Submit News
  • Become A Partner
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 OIB Media. Powered by Alsotech International Limited

No Result
View All Result
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
    • Celebrity
    • Videos
  • Countries
    • India
    • US
    • UK
    • Africa
  • हिंदी समाचार
    • राजनीति न्यूज़
    • व्यापार
    • स्वास्थ्य
    • क्रिकेट
    • ज़रा हटके
    • बॉलीवुड
  • Sports
  • Global News
  • Gadgets
  • Others
    • Tech
      • Gaming
      • AutoMobile

© 2020 OIB Media. Powered by Alsotech International Limited

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
%d bloggers like this: