With only 1.6 billion barrels of storage capacity available, producers will be forced to cut output soon as there’ll be no place left to put unwanted crude.
Oil buyers will be 'spoiled for choice' as the supply of high-sulfur crude, which has tightened after US sanctions on Iran and Venezuela, will become more readily available now.
The expansion of OPEC into OPEC+ has added a new layer of complexity to the decision-making process while contributing little in the way of real output cuts.
In a meeting with OPEC Secretary-General Mohammad Sanusi Barkindo, Oil Minister Dharmendra Pradhan pitched for better terms like reduction in selling price and extension of credit period.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
BLACK GOLD HAS FLUSHED THE MARKETS.HOW YELLOW GOLD IS JUMPING HIGH DAY BY DAY?IS IT ALSO GOING TO HAVE STEEP FALL? WHAT ONE CAN DO WITH GOLD NOW A DAYS .? IT ONLY LYING IDLE IN LOCKERS OR ALMIRAS
BLACK GOLD HAS FLUSHED THE MARKETS.HOW YELLOW GOLD IS JUMPING HIGH DAY BY DAY?IS IT ALSO GOING TO HAVE STEEP FALL? WHAT ONE CAN DO WITH GOLD NOW A DAYS .? IT ONLY LYING IDLE IN LOCKERS OR ALMIRAS