OPEC+ delays oil production by 3 months
Financial Express Delhi|December 06, 2024
OPEC+ delayed the revival of its oil production by three months, the third time it's deferred the move while crude prices struggle amid a looming surplus.
BLOOMBERG

The group, led by Saudi Arabia and Russia, pushed back the series of supply increases, which had been due to begin with a hike of 180,000 barrels a day in January. It will instead start in April and unwind the cuts at a slower pace than previously planned, according to a statement from the alliance.

This story is from the December 06, 2024 edition of Financial Express Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 06, 2024 edition of Financial Express Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS DELHIView All
Financial Express Delhi

White-collar hiring up 9% in December

AI/ML, OIL & GAS, FMCG MAJOR GROWTH DRIVERS

time-read
2 mins  |
January 03, 2025
Financial Express Delhi

Manu, Gukesh Among 4 to Be Awarded Khel Ratna

DOUBLE OLYMPIC-MEDAL-LIST Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the Sports Ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.

time-read
1 min  |
January 03, 2025
Financial Express Delhi

Captain Rohit to miss Sydney Test, 'opts to rest'

THE EARLY HINT of India captain Rohit Sharma sitting out of the final Test of the Border-Gavaskar Trophy at Sydney came from head coach Gautam Gambhir.

time-read
3 mins  |
January 03, 2025
Financial Express Delhi

Climate Change Mitigation Needs Funding

At the fourth edition of the IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India and moderated by Amitabh Sinha, Editor (Climate and Science), panellists discussed how municipal bodies can leverage capital markets to solve climate-related problems

time-read
3 mins  |
January 03, 2025
Financial Express Delhi

Norms for capex release...

THE BALANCE OF ₹55,000 crore is untied advances to states for projects identified by the states.

time-read
2 mins  |
January 03, 2025
Financial Express Delhi

Indices soar nearly 2%

EQUITY INDICES OF China, Hong Kong, and Thailand declined by up to 2.66%, while Indonesia (up 1.18%), Australia (up 0.53%), and Singapore (up 0.35%) ended with gains.

time-read
1 min  |
January 03, 2025
Financial Express Delhi

When Big Idea Met Big Tech

AI IN ADVERTISING

time-read
1 min  |
January 03, 2025
Financial Express Delhi

Rein in tax terrorism

WE NEED A TRANSPARENT SYSTEM THAT CURBS LITIGATION AND A QUICK RESOLUTION PROCESS

time-read
4 mins  |
January 03, 2025
Financial Express Delhi

A 'Made in China' crisis awaits big auto

When Jaguar's \"COPY nothing\" brand reboot hit late last year, one self-styled car enthusiast replied on X: \"What the actual hell is this?\" Jaguar's response: \"The future.\" That remains to be seen. But the ad, unfamiliar and unsettling, does at least work as a portent of what's coming for the global auto industry.

time-read
2 mins  |
January 03, 2025
Financial Express Delhi

H-1B Visa Flip-Flop

Trump must convince hardliners that giving US access to the world's best and brightest is essential to its future

time-read
2 mins  |
January 03, 2025