Crude Oil Price-War Unleashed
In a major single-day crash, oil benchmark Brent crude fell 31% after the world’s biggest oil exporter Saudi Arabia launched an oil price war with Russia, by slashing prices and preparing for a big increase in crude production in April.
Key Features
- This came days after Organisation of the Petroleum Exporting Countries (OPEC) & its allies failed to reach an agreement on production cuts, in a move to stabilise oil markets amid fall in oil demand due to the Corona virus (COVID-19) outbreak.
- Saudi Arabia is reportedly preparing to increase its crude production above 10 million barrels per day (bpd) in ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 India Assumes Chairmanship of Bay of Bengal Inter-Governmental Organisation
- 2 Israel Withdraws from UN Human Rights Council
- 3 US Shifts Stance on Ukraine at UN Vote
- 4 India at the Indian Ocean Conference
- 5 India and France Strengthen Partnership
- 6 US-India COMPACT Initiative
- 7 Bhutan PM’s Visit Strengthens India-Bhutan Ties
- 8 India and Japan: Partnering for Africa’s Sustainable Development
- 9 Australia’s Roadmap for Boosting Trade Ties with India
- 10 Interpol Launches ‘Silver Notice’ to Combat Transnational Crime
