Business (warning for OPEC and its nations) According to a top official, India, the world’s third-largest energy consumer, has urged Saudi Arabia and other OPEC nations that high oil prices will harm the world’s embryonic economic recovery following the terrible pandemic, and that they must price oil at acceptable levels. After a series of priceContinue reading “High oil prices to hurt world economic recovery: India to OPEC”
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Oil prices jump to 3-year peak as Opec agrees to stick to output plan
Trade Oil prices soared to their highest level in at least three years after Opec and its allies agreed to continue to their existing oil production targets, defying calls to help cool skyrocketing energy prices and preserve the economy.Brent crude oil, the international benchmark, climbed 3% on Monday, reaching a new three-year high of $81.48Continue reading “Oil prices jump to 3-year peak as Opec agrees to stick to output plan”
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