Oil prices hits four-year low; consumers gain, producers brace for...

Oil prices hits four-year low; consumers gain, producers brace for impact

Posted

Falling oil prices, driven by Trump's policies and increased OPEC+ output, have reached pandemic-era lows, benefiting consumers through reduced inflation and enhanced spending power. However, this situation poses challenges for oil-producing nations, particularly high-cost producers and those with limited financial reserves. OPEC+'s decision to increase output further exacerbates these pressures, impacting vulnerable members and non-OPEC producers reliant on oil revenues.

Read Full Article

Please log in to like, share and comment!

International

Biden health cover-up? Trump calls it 'one of the worst scandals'; Orders probe into alleged 'conspiracy'

Donald Trump has directed an investigation into Joe Biden's presidential actions, questioning his...

By 0 0

International

Kill the Bill: Elon Musk declares war on Donald Trump's 'Big Beautiful Bill'

The Bill in question? H.R.1, passed by the House on May 22. A sprawling $4 trillion mega-package...

By 0 0

International

'Strong and focused agenda': Throne speech adopted without recorded vote in Canada's House of Commons. Here's what we know

Canada's government successfully adopted the throne speech without a recorded vote, signaling a...

By 0 0

Entertainment

Will Housefull 5 be able to outpace Thug Life at the Box Office?

Akshay Kumar's Housefull 5 and Kamal Haasan's Thug Life are set for a box office showdown, with...

By 0 2

National

PM Oli congratulates cricket team for consecutive wins in ICC World Cup League 2

KATHMANDU: Prime Minister KP Sharma Oli has extended heartfelt congratulations to the entire...

By 0 13