World's largest oil consumers - US, China, and India - wanted the rise in supply to bring the cost down. Crude oil hit $73.98 a barrel on Brent exchange on Friday. Saudi and Russia said they were happy to pump more but Iran had criticised the idea as it faces export-crippling US sanctions.
from Times of India https://timesofindia.indiatimes.com/business/india-business/one-economic-problem-that-may-be-solving-itself/articleshow/64709330.cms
0 Comments: