IEA sees OPEC+ spare capacity gaining a bit in 2022

The International Energy Agency expects spare capacity in the OPEC+ alliance to rise by 180,000 barrels per day (bpd) next year to 50.55 million bpd, driven by hikes from Mideast Gulf producers, Reuters reported. “Saudi Arabia and Kuwait are expected to continue to build up production in the shared Neutral Zone, the UAE raises capacity […]

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Weekly Wrap – Dilemma between lives and livelihood

The annual Economic Survey released on Friday India’s by India’s finance ministry was the highlight of the week. Quoting profusely from Nobel laureates and economists from all across the world, India’s Chief Economic Advisor Krishnamurthy V. Subramanian highlighted the crisis that the country faced in mitigating the Covid-19 pandemic crisis. However, the dilemma between lives […]

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