Last Updated : May 23 2019 1:19PM     Screen Reader Access
News Highlights
Mallikarjun Kharge trailing from Gulbarga            Maneka Gandhi leading from Sultanpur            Azam Khan leading from Rampur            Varun Gandhi leading from Pilibhit            Smriti Irani leading in Amethi           

Business News

Nov 30, 2018
7:03PM

Oil falls as high inventories outweigh likely OPEC cuts

NSD Logo
Global crude oil prices slipped further today, as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week.

Both international oil benchmarks, North Sea Brent US crude have had their weakest month for more than 10 years in November, losing more than 20 percent as global supply has outstripped demand. So Brent fell 55 cents, to trade at 58.96 dollars a barrel. US crude dropped 75 cents, to 50.70 dollars a barrel.

Surging oil production in the United States, Russia and by members of the Middle East-dominated Organization of the Petroleum Exporting Countries has helped fill global inventories and create a glut in some markets. To rein in the glut, OPEC and its main partner Russia are discussing supply cuts and are due to meet in Vienna on December 6 and 7 to agree production strategy.

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 23 (May) Midday News 22 (May) News at Nine 22 (May) Hourly 23 (May) (1300hrs)
समाचार प्रभात 23 (May) दोपहर समाचार 22 (May) समाचार संध्या 22 (May) प्रति घंटा समाचार 23 (May) (0600hrs)
Khabarnama (Mor) 23 (May) Khabrein(Day) 22 (May) Khabrein(Eve) 21 (May)
Aaj Savere 22 (May) Parikrama 22 (May) Lok Ruchi Samachar 19 (May)

Listen Programs

Market Mantra 22 (May) Samayki 22 (May) Sports Scan 22 (May) Spotlight/News Analysis 22 (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)