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LONDON/DUBAI/MOSCOW (Reuters) - OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, after the new U.S. administration called on Saudi Arabia to keep energy affordable, mirroring Donald Trump’s practice of calling OPEC’s leader over oil policy.
FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
The group, which has implemented deep cuts since a pandemic-induced oil price collapse in 2020, agreed to ease production curbs by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400,000 bpd or so in July.
OPEC+ agrees oil output rise from May, after US call to Saudi
Reuters
LONDON/DUBAI/MOSCOW |
Updated on
April 02, 2021
× OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, after the new US administration called on Saudi Arabia to keep energy affordable, mirroring Donald Trump s practice of calling OPEC s leader over oil policy.
The group, which has been implementing deep cuts since oil prices collapsed in 2020, agreed to ease production cuts by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400,000 bpd or so in July.
Iran s oil minister, Bijan Zanganeh, confirmed the figures,saying the group would have boosted output by a total of 1.1million bpd by July.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/asia-set-to-follow/"></div>NEW YORK (Reuters) – Asian markets were set to open higher on Friday in a holiday-lightened trading session, riding a surge of strong factory data and falling bold yields that pushed U.S. and European benchmark stock indexes to record highs. U.S. President Joe Biden’s $2.3 trillion plan to rebuild America’s crumbling infrastructure added to the […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/asia-set-to-follow/"></div>&
Petrol, Diesel Prices Kept Unchanged On Friday Petrol, Diesel Price: Oil prices rose about 1 per cent on Thursday after preliminary news that OPEC+ reached a deal to gradually ease production cuts from May.
Updated: April 02, 2021 9:46 am IST
In Mumbai, the petrol and diesel prices stood at Rs 96.98 per litre and Rs 87.96 per litre
Petrol, Diesel Prices Today: Petrol and diesel prices were kept unchanged across the four metros on Friday, April 2. In Delhi, petrol rates were steady at Rs 90.56 per litre and diesel was untouched at Rs 80.87 per litre, according to Indian Oil Corporation. In Mumbai, the petrol and diesel prices stood at Rs 96.98 per litre and Rs 87.96 per litre, according to the state-run oil refiner. The fuel rates in Mumbai are currently the highest among all the four metros.
Asia set to follow U.S. stocks higher as dollar, bond yields ease
By Alwyn Scott
Reuters
NEW YORK (Reuters) - Asian markets were set to open higher on Friday in a holiday-lightened trading session, riding a surge of strong factory data and falling bold yields that pushed U.S. and European benchmark stock indexes to record highs.
U.S. President Joe Biden s $2.3 trillion plan to rebuild America s crumbling infrastructure added to the enthusiasm for risk assets, as did accelerating vaccine rollouts.
The China Financial Futures Exchange CIS 300 Index Futures index was up 1.76%, the Nikkei futures index was up 1.23% and E-Mini S&P 500 futures index was up 1.18%. Australia, New Zealand, Hong Kong and Singapore were among the Asian countries observing the Good Friday holiday.