Crude oil prices dips again on fears of second coronavirus wave

Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed US crude inventories are still rising. The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced […]

Read more

Mango growers in UP demand institutional procurement of mangoes

With the prices of popular mango varieties of alphonso and kesar dwindling due to the coronavirus-induced lockdown, the growers of another famous variety, dussehri, have knocked at the doors of the Uttar Pradesh government for relief. In a letter to UP Chief Minister Yogi Adityanath, Mango Growers Association of India has demanded a slew of urgent measures to protect state mango farmers, […]

Read more

OPEC+ signs historic deal; Russsia and Saudi to cut oil production stabilise plummeting prices

Top oil-producing countries including Russsia have agreed for output cuts in order to boost plummeting oil prices due to the new coronavirus crisis and a Russia-Saudi price war. OPEC producers, dominated by Saudi Arabia, and allies led by Russia met via videoconference for an hour in a last-ditch effort to cement an accord that rested […]

Read more