It was discussed in the meeting held today that the international prices of imported edible oils are continuing on a downward trend and therefore, the edible oil industry needs to ensure that the prices in the domestic market also drop commensurately.
Though the OPEC+ has not so far recommended any changes to their current output reduction target of 7.7 million barrels per day (bpd), it could be a possibility if an oil price crash starts again.
Oil prices rebounded as the OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC oil producers agreed to extend the…
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first…
