Petrol rate was Rs 90.05 per litre while diesel was being sold at Rs 80.10 per litre in Bhopal on Monday, said Madhya Pradesh Petrol Pump Owners Associations president Ajay Singh.
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OPEC+ is now considering rolling over existing cuts of 7.7 million barrels per day, or around 8% of global demand, into the first months of 2021
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Brent crude January futures rose 30 cents to $48.10 a barrel by 11:04 a.m. EST (1604 GMT), while the more active February contract gained 37 cents to $48.16.
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OPEC+ is debating whether to ease oil output cuts from Jan. 1, as it previously agreed, or to continue producing at the same rate amid sluggish oil demand and the fallout from the coronavirus pandemic.
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OPEC+ is debating whether to ease oil output cuts from Jan.1, as it previously agreed, or to continue producing at the same rate amid sluggish oil demand and fallout from the pandemic.
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Brent futures had risen to nearly $50 a barrel this week after three major pharmaceutical companies announced progress on vaccines that could start to be rolled out before the end of the year.
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Now Exxon and Total are trying to rework the agreement to increase extraction from the straddling reserves as a way to boost efficiency and increase their projects' annual LNG production
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Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising around 1.6% in the previous session.
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