Fuel prices set to slide soon as OPEC+ agrees to boost supply

SYNOPSIS

The grouping, which includes Russia, decided to raise production by 400,000 barrels per day (bpd) from August till December to restore 2 million bpd of production, or about 44% of India’s daily requirement. It also agreed on a higher production quota for United Arab Emirates, Iraq and Kuwait – all India’s major suppliers.

Fuel prices are expected to come down shortly as the OPEC+ grouping on Sunday agreed to add more barrels to the market, averting a supply squeeze and reducing the risk of an inflationary oil price spike.
The grouping, which includes Russia, decided to raise production by 400,000 barrels per day (bpd) from August till December to restore 2 million bpd of production, or about 44% of India’s daily requirement. It also agreed on a higher production quota for United Arab Emirates, Iraq and Kuwait – all India’s major suppliers.


Comments

Post a Comment

Popular posts from this blog

Why the 2022 Apple MacBook Air M2 (16GB/256GB, Midnight) Is Still an Excellent Buy in 2025 – ₹78,900 Only

💻 Why the 2022 Apple MacBook Air M2 (16GB/256GB, Midnight) Is Still an Excellent Buy in 2025 – ₹78,900 Only! 📌 Buy here 👉 Amazon Affiliate Link – ₹78,900 In a world of ever-upgrading tech, not every older laptop stands the test of time. But the 2022 Apple MacBook Air with M2 chip , 16GB RAM, and 256GB SSD still delivers flagship-level performance in 2025 , and now at an even more attractive price of ₹78,900 . Here’s why this MacBook remains a smart buy this year: 🚀 1. The M2 Chip Still Packs a Punch Apple’s 2nd-gen M2 chip brings smooth, lag-free performance even in 2025. Handles multitasking, 4K video playback, editing, and daily productivity like a pro. No fan = No noise. It stays cool and silent, perfect for work or binge sessions. 💡 2. 16GB Unified RAM = Future-Proofing This config isn’t the base model — 16GB RAM ensures it stays fast for years. No slowdowns with Chrome tabs, editing apps, or running macOS Sonoma (or even future macOS releases li...
Read more

How to Earn Money Online with the Earn11 App: Play Games and Get Paid!

Image
In today’s digital era, earning extra income through apps has never been easier, and the Earn11 app stands out by transforming casual gaming, surveys, and video-watching into real cash rewards. For those looking to make money while enjoying their favorite activities, Earn11 offers a blend of gaming, daily bonuses, and competitive contests. Here’s an in-depth guide to how you can make the most of Earn11. What is the Earn11 App? Earn11 is a mobile app designed to reward users for various activities: gaming, video-watching, surveys, and even competitive contests like cricket and esports. Whether you’re looking to earn passively by watching videos or want to test your skills in a contest, Earn11 offers several ways to convert your time into cash rewards. The app is available on Android devices and provides multiple options to cash out, including direct bank transfers and digital wallets  . How to Get Started To begin earning with Earn11, simply download the app, set up an acc...
Read more

Beyblade X: A Series That Divides Fans

  Beyblade X, the latest installment in the iconic Beyblade franchise, has sparked a wide range of reactions from fans, with opinions oscillating between it being the "best Beyblade series to date" and the "worst Beyblade series ever." Here's a detailed look at what fans are saying about the show. The Hits: A Fresh Take on Beyblade (10/10) Some fans hail Beyblade X as the pinnacle of the franchise. This series pushes the boundaries by incorporating realistic technology, envisioning Beyblade in a near-future setting where advancements feel just five years ahead of our time. The absence of fantastical elements, such as launching Beyblades into space to destroy meteors, is seen as a refreshing return to basics. Instead, the focus is on real-world mechanics, with spinning Beyblades rendered in stunning 3D that rivals even top-tier anime productions. Other notable highlights include the series' opening and closing themes, which have won over fans for their...
Read more