The demand for oil has been considerably reduced amidst this global recession.Because of this for the past couple of months there is drastic reduce in the price off oil globally.Today the oil is trading at $34 per barrel.The OPEC has decided to cut the production of oil to a considerable amount untill the price goes [...]
Filed under: Economy | Tagged: Crude oil at $34, cut down ini oil production and its impact in economy, down in oil prices, OPEC to cut down oil production | Leave a Comment »
