OPEC+ To Extend Oil Production Cuts Till April. The Organization of the Petroleum Exporting Countries Plus, in its latest meeting, agreed to extend production cuts from March to April 2021.
Why Higher Crude Prices : Brokerages expect Indian oil explorers like Oil & Natural Gas Corp. and Oil India Ltd. to benefit from rising crude prices, stemming from optimism over vaccination drives across the world and a pick-up in economic activity. But there are other concerns around the two oil explorers.
Crude Oil prices declined in New York after an industry report showed U.S. crude stockpiles rose last week amid a spate of refinery outages from the country’s recent cold snap.
Crude Oil MCX Tips Today Hit All Target 4457. Futures in London rose back above $63 a barrel after the gradual resumption of some U.S. output following frigid weather put prices under pressure on Friday.
MCX Crude Oil Tips Today : Crude Oil price yesterday settled down by -0.11% at 4364 as a cold front shut wells and refineries in Texas, Who is the largest producer of oil? The biggest crude producing state in the United States, the world’s biggest oil producer.
Crude Oil Price Target Would Make a Far Better Goal, If you can’t hit the target, bring it closer. That seems to be the policy adopted by the OPEC+ alliance of oil producers as they make the world’s biggest-ever output cuts in an attempt to shore up oil prices.