Sansad TV
In this episode of the Perspective Prog. Based on ‘OPEC to Slash Oil Output’. The OPEC+ alliance of oil-exporting countries have agreed to cut production by two million barrels per day beginning in November. Members of the oil producers’ group, which includes Russia, are saying that they want to stabilise prices, which have fallen in recent months as the world economy slows. The cut marks the biggest reduction by the group since the height of the pandemic in 2020 when OPEC members slashed output by 10 million barrels per day. Also, it comes despite countries, including the U.S. which has repeatedly asked the organization to increase oil production, after oil prices skyrocketed due to the Russia-Ukraine war. A reduction in output will inevitably impact oil prices around the world. How significant will be the impact on global energy markets? What ramifications will it have on geopolitics?.
Guests:
1. Kate Dourian, Contributing Editor, MEES
2. Don McLain Gill, Resident Fellow, International Development and Security Cooperation (IDSC)
3. Prof. Charan Singh, CEO, EGROW Foundation
4. Niraj Srivastava, Former Ambassador
Anchor: Teena Jha
Producer: Sagheer Ahmad
Guest Coordinator: Anshuman, Vishwa Pratap Singh
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