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Listen | What does the OPEC+ production cut mean to India?
Published 4 years ago
Description
Organisation of Petroleum Exporting Countries (OPEC+) agreed to its deepest cuts to production since the 2020 Covid pandemic, despite opposition from many countries.
The 2 million-barrel-per-day cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago on fears of a global economic recession, rising US interest rates and a stronger dollar.
What is the impact on India? Does the government have plans to work this production cut? Listen in to find out!
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