OPEC+ Meet Update - April Supply Cuts And Its Impact On India: CARE Ratings

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CARE Ratings Research Report.Organization of the Petroleum Exporting Countries plus members have decided to continue the production levels of March-2021 for the month of April 2021, with the exception of Russia and Kazakhstan, as they will be allowed to increase production by 130 and 20 thousand barrels per day respectively, due to continued seasonal consumption patterns.Saudi Arabia will be extending the additional voluntary adjustments of 1 million barrels per day for the month of April 2021 and participating members who have not been able to maintain and achieve its requisite quota of cuts will be allowed to achieve full conformity and make up for pervious compensation shortfalls till the end of July 2021.The recent increase in oil price has not been favourable for the Indian economy considering how the country imports more than 80%-85% of its oil requirements..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

OPEC+ Meet Update - April Supply Cuts And Its Impact On India: CARE Ratings

OPEC+ Meet Update - April Supply Cuts And Its Impact On India: CARE Ratings

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