Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Feb 12, 2019 08:48 PM IST | Commodities
Powered by:

Oil up nearly 3 percent on Saudi and OPEC cuts

Markets are tightening because of voluntary production cuts from Jan. 1, led by the Organization of the Petroleum Exporting Countries and allies including Russia, aimed at forestalling a global overhang.
Saudi Arabia, the world's top oil exporter and de facto leader of OPEC, said it would reduce crude production to about 9.8 million bpd in March, over half a million bpd more than it had originally pledged.
Oil up nearly 3 percent on Saudi and OPEC cuts
Published Date: Feb 12th, 2019 08:48 PM | Updated Date: Feb 12, 2019 08:48 PM IST
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

More From
Live TV