{"id":31152,"date":"2022-10-08T12:09:16","date_gmt":"2022-10-08T06:39:16","guid":{"rendered":"https:\/\/plyinsight.com\/?p=31152"},"modified":"2024-03-09T12:30:11","modified_gmt":"2024-03-09T07:00:11","slug":"oil-prices-may-go-up","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/oil-prices-may-go-up\/","title":{"rendered":"Oil prices may go up"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<hr \/>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Oil prices may go up<\/strong><\/span><\/p>\n<hr \/>\n<p><span style=\"color: #000000;\">A day after the Organization of the Petroleum Exporting Countries (OPEC) and its partners, such as Russia, announced a cut in OPEC+ crude oil output by 2 million barrels per day (bpd), analysts said they expect pump prices for fuel to go up soon in India.<\/span><\/p>\n<p><span style=\"color: #000000;\">Economists have called OPEC, an intergovernmental organization of 13 major oil-producing nations, a \u2018cartel. Member countries accounted for an estimated 44 per cent of global oil production and 81.5 per cent of the world\u2019s \u2018proven\u2019 oil reserves as of 2018.<\/span><\/p>\n<p><span style=\"color: #000000;\">Major oil-producing countries have agreed to slash production (and thus keep prices higher) against US wishes, as the West is hit with high energy prices amid Russia\u2019s war on Ukraine.<\/span><\/p>\n<p><span style=\"color: #000000;\">The Production cut will lead to 2 per cent of global oil supply going offline starting November. As a result, oil price are headed for choppy waters ahead, analysts feel.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cThe government had not raised retail prices of fuel for some time now, especially when retail prices in India were lower by 12-14 per liter as compared to international prices. As a result, most oil marketing companies (OMCs) posted a revenue loss in Q1 FY2023. The OMCs will remove their losses before reducing prices further, \u201c<\/span><\/p>\n<p><span style=\"color: #000000;\">As for the effect of this decision by OPEC+, \u201ctwo major consequences are seen. Economically, it will Keep Inflation elevated for longer, forcing the Federal Reserve and every other, major central bank into even more restrictive monetary policies, increasing the odds of a global recession.<\/span><\/p>\n<p><span style=\"color: #000000;\">Politically, it\u2019s a boost for Russian President Vladimir Putin in two ways. It channels more money to the Kremlin\u2026.. And it signals that Riyadh is in the Russian camp, willing to publicly snub Washington.\u201d<\/span><\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17674\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Action-Tesa-300x146.png\" alt=\"Action Tesa\" width=\"133\" height=\"65\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Action-Tesa-300x146.png 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Action-Tesa-18x9.png 18w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Action-Tesa.png 500w\" sizes=\"auto, (max-width: 133px) 100vw, 133px\" \/> \u00a0 <img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17627\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Asean-Plywood-300x175.png\" alt=\"Asean Plywood\" width=\"112\" height=\"65\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Asean-Plywood-300x175.png 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Asean-Plywood-18x10.png 18w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Asean-Plywood.png 446w\" sizes=\"auto, (max-width: 112px) 100vw, 112px\" \/><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>\u092e\u0939\u0902\u0917\u093e \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948 \u092a\u0947\u091f\u094d\u0930\u094b\u0932-\u0921\u0940\u091c\u0932<\/strong><\/span><\/p>\n<hr \/>\n<p><span style=\"color: #000000;\">\u092a\u0947\u091f\u094d\u0930\u094b\u0932\u093f\u092f\u092e \u0928\u093f\u0930\u094d\u092f\u093e\u0924 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0947 \u0926\u0947\u0936\u094b\u0902 \u0915\u0947 \u0938\u0902\u0917\u0920\u0928 (\u0913\u092a\u0947\u0915) \u0914\u0930 \u0909\u0938\u0915\u0947 \u0938\u093e\u091d\u0947\u0926\u093e\u0930\u094b\u0902 \u0926\u094d\u0935\u093e\u0930\u093e \u0915\u091a\u094d\u091a\u0947 \u0924\u0947\u0932 \u0915\u0947 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\u0939\u0948 \u0915\u093f \u0930\u093f\u092f\u093e\u0926 \u0930\u0942\u0938\u0940 \u0916\u0947\u092e\u0947 \u092e\u0947\u0902 \u0939\u0948, \u091c\u094b \u0938\u093e\u0930\u094d\u0935\u091c\u0928\u093f\u0915 \u0930\u0942\u092a \u0938\u0947 \u0935\u093e\u0936\u093f\u0902\u0917\u091f\u0928 \u0915\u094b \u0928\u0940\u091a\u093e \u0926\u093f\u0916\u093e\u0928\u0947 \u0915\u0947 \u0932\u093f\u090f \u0924\u0948\u092f\u093e\u0930 \u0939\u0948\u0964\u201d<\/span><\/p>\n<hr \/>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_raw_code wpb_raw_html wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<html>\n<head>\n<\/head>\n<body>\n  <marquee behavior=\"scrolling\" direction=\"left\" scrollamount=\"3\" seamless>\n    <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Logos.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Logos.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n  <\/marquee>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"Oil prices may go up A day after the Organization of the Petroleum Exporting Countries (OPEC) and its partners, such as Russia, announced a cut in OPEC+ crude oil output by 2 million barrels per day (bpd), analysts said they expect pump prices for fuel to go up soon in India. Economists have called OPEC, [...]","protected":false},"author":1,"featured_media":31153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3529],"tags":[],"class_list":["post-31152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-november-news-22"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil prices may go up - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/oil-prices-may-go-up\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices may go up - PLY INSIGHT\" \/>\n<meta property=\"og:url\" content=\"https:\/\/plyinsight.com\/hi\/oil-prices-may-go-up\/\" \/>\n<meta property=\"og:site_name\" content=\"PLY INSIGHT\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PlyInsight\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-08T06:39:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-09T07:00:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Oil-prices-may-go-up.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ply Insight\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PlyInsight\" \/>\n<meta name=\"twitter:site\" content=\"@PlyInsight\" \/>\n<meta name=\"twitter:label1\" content=\"\u0926\u094d\u0935\u093e\u0930\u093e \u0932\u093f\u0916\u093f\u0924\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ply Insight\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0905\u0928\u0941\u092e\u093e\u0928\u093f\u0924 \u092a\u0922\u093c\u0928\u0947 \u0915\u093e \u0938\u092e\u092f\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 \u092e\u093f\u0928\u091f\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/plyinsight.com\/oil-prices-may-go-up\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/plyinsight.com\/oil-prices-may-go-up\/\"},\"author\":{\"name\":\"Ply Insight\",\"@id\":\"https:\/\/plyinsight.com\/#\/schema\/person\/6ea1320d09fd2eeae3e26f1ca82a53b5\"},\"headline\":\"Oil prices may go up\",\"datePublished\":\"2022-10-08T06:39:16+00:00\",\"dateModified\":\"2024-03-09T07:00:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/plyinsight.com\/oil-prices-may-go-up\/\"},\"wordCount\":362,\"image\":{\"@id\":\"https:\/\/plyinsight.com\/oil-prices-may-go-up\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Oil-prices-may-go-up.jpg\",\"articleSection\":[\"November News 22\"],\"inLanguage\":\"hi-IN\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/plyinsight.com\/oil-prices-may-go-up\/\",\"url\":\"https:\/\/plyinsight.com\/oil-prices-may-go-up\/\",\"name\":\"Oil prices may go up - 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