Zeroing-in on doubling output, exports of ODOP items in 5 years

Zeroing-in on doubling output, exports of ODOP items in 5 years

Agra’s leather products and marble engraved handicrafts, Aligarh’s locks, moonj products from Amethi and Prayagraj, jaggery from Ayodhya, handloom products of Hardoi and Barabanki, zari-zardozi from Bareilly, Unnao and Shahjahanpur, chikankari of Lucknow and Moradabadi metal craft are some of the products whose production and exports are likely to see a massive jump in the … Read more

OPEC+ sticks to planned moderate hike in output

OPEC+ sticks to planned moderate hike in output

London: The Organization of Petroleum Exporting Countries (OPEC)) and its key allies decided at a meeting on Monday to stick to planned moderate increases in output for November despite market expectations that the alliance would further boost production in order to dampen soaring crude prices. A statement released after the brief videoconference meeting of the … Read more

WSJ News Exclusive | Libya Restarts Oil Production at Biggest Field

WSJ News Exclusive | Libya Restarts Oil Production at Biggest Field

Output at Libya’s Sharara oil field, seen here in 2014, has been shut almost continuously since early January. Photo: ismail zetouni/Reuters Oct. 11, 2020 10:50 am ET Production at Libya’s largest oil field restarted Sunday afternoon, Libyan officials said, a move that could quickly increase the country’s overall output after an extended shutdown and add … Read more

World economy unlikely to re-attain pre-pandemic output levels before 2022: Report

World economy unlikely to re-attain pre-pandemic output levels before 2022: Report

New Delhi: With COVID-19 still dominating major developments globally, the world economy is not likely to re-attain pre-pandemic output levels before 2022, says a report. According to Dun & Bradstreet Country Risk and the Global Outlook, “nothing about the pandemic can be classified as over, despite recoveries in activity levels in some economies in Q3, … Read more

Oil Industry Is Fading Away in Land of the World’s Richest Reserves

Oil Industry Is Fading Away in Land of the World’s Richest Reserves

Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil stores than any other country. But after years of corruption, mismanagement and more recently U.S. sanctions, its oil output has dropped to a tenth of what it was two … Read more