Oil rises as OPEC+ agree to deep cuts, U.S. stockpiles fall
GS Paper 3 Syllabus: Economy Source: The Hindu Context: OPEC+ agreed to its deepest cuts to production since the 2020 COVID pandemic, despite a tight market and opposition to cuts from the United States and others. Reasons for the cut in production: Fear of Recession: The 2 million-barrel-per-day (BPD) cut from OPEC+ could …
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