Last Updated : May 19 2019 11:10PM     Screen Reader Access
News Highlights
Elections for 17th Lok Sabha conclude successfully            Around 62 % polling recorded in final phase of Lok Sabha polls            PM Modi congratulates Scott Morrison on his victory in elections            British PM promises new deal to save her Brexit agreement            Karolina Pliskova wins Italian Open; Men's title clash between Noval Djokovic & Rafael Nadal underway           

International News

Dec 08, 2018
7:01AM

OPEC & its allies agree to cut oil output by 12 lakh barrels day to boost global oil markets

@Reuters
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies agreed to cut oil output by 12 lakh barrels a day to boost global oil markets. OPEC, the group of 14 nations, will cut crude oil output by 8 lakh barrels per day, while Russia and its allied producers would slash around 4 lakh barrels. 

This was stated by Iraq's Oil Minister Thamer Abbas al-Ghadhban after the meeting of OPEC members and its allies in Vienna yesterday.

The agreement is set to be implemented from next month.

OPEC and its partners, which together account for around half of global output, say a glut in the market has led to oil prices falling by more than 30 per cent in two months.

Prior to the meeting, Saudi Arabia had said, the group would seriously consider the views of Prime Minister Narendra Modi and US President Donald Trump on lowering global crude oil prices.
 

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 19 (May) Midday News 19 (May) News at Nine 19 (May) Hourly 19 (May) (2300hrs)
समाचार प्रभात 19 (May) दोपहर समाचार 19 (May) समाचार संध्या 19 (May) प्रति घंटा समाचार 19 (May) (2305hrs)
Khabarnama (Mor) 19 (May) Khabrein(Day) 19 (May) Khabrein(Eve) 19 (May)
Aaj Savere 18 (May) Parikrama 18 (May) Lok Ruchi Samachar 19 (May)

Listen Programs

Market Mantra 19 (May) Samayki 19 (May) Sports Scan 19 (May) Spotlight/News Analysis 19 (May)
    Public Speak

    Country wide 28 (Mar) Surkhiyon Mein 4 (Apr) Charcha Ka Vishai Ha 15 (May) Vaad-Samvaad 7 (May) Money Talk 7 (May) Current Affairs 22 (Mar)