Oil market oversupply set to stay despite OPEC+ pact: IEA

Oil market oversupply set to stay despite OPEC+ pact: IEA

The state has set a target of attracting Rs 30,000-crore investment in promoting electric vehicles in the next five years by giving fiscal incentives to carmakers, battery manufacturers, charging infrastructure companies and consumers.

India’s oil imports from Iraq jumped 53 per cent in August

India’s oil imports from Iraq jumped 53 per cent in August

Sanction-hit Iran’s fear of losing market share to other members of the Organization of Petroleum Exporting Countries (OPEC) seems to be coming true with one of its biggest buyers – India – gradually turning towards Iraq, Saudi Arabia and Nigeria to meet oil requirements.

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