WorldPosted at: Nov 8 2024 8:13PM

Oil output rise delayed from Dec over drop in winter demand: Novak

Moscow, Nov 8 (UNI) The decision of OPEC plus to postpone the increase in oil production by a month starting from December is due to the decrease in seasonal demand during winter, Russian Deputy Prime Minister Alexander Novak said on Friday.
In early November, the Secretariat of the Organisation of the Petroleum Exporting Countries (OPEC) said that OPEC+ had postponed the gradual reduction of voluntary oil production by 2.2 million barrels per day for one month, until December.
"Therefore, it is absolutely logical, given that it is currently the winter season and there is a decrease in demand compared to the summer season, that fewer cars consume petroleum products and drive in winter. Additionally, the holiday season is coming to an end. From the perspective of supply and demand balance, it would be advisable to shift supply slightly to the right," Novak told the Rossiya 24 broadcaster.

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Tags: #Oil output rise delayed from Dec over drop in winter demand: Novak

U S notifies Israel Hamas plans to release Israeli-American hostage: PM office

12 May 2025 | 10:33 AM

Jerusalem, May 12 (UNI) The office of Prime Minister Benjamin Netanyahu confirms that the United States has informed Israel that Hamas will release hostage Edan Alexander "without any compensation or conditions," in what Washington described as a goodwill gesture expected to pave the way for broader negotiations.

Oil output rise delayed from Dec over drop in winter demand: Novak

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U S notifies Israel Hamas plans to release Israeli-American hostage: PM office

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JAMMU, MAY 12 (UNI):-Jammu and Kashmir Lieutenant Governor Manoj Sinha interacting with border residents at a lodgement centre, in Jammu on Monday. UNI PHOTO-104U

JAMMU, MAY 12 (UNI):-Jammu and Kashmir Lieutenant Governor Manoj Sinha interacting with border residents at a lodgement centre, in Jammu on Monday. UNI PHOTO-103U

HYDERABAD, MAY 12 (UNI):- Dr.Akram Ahmad, Founder and CEO of Academically Global, addresses a press conference and aspiring healthcare professionals at the inauguration of the company's first Experience Centre, in Hyderabad on Monday. UNI PHOTO-102U

JAMMU, MAY 12 (UNI):- Border residents shifted to safer locations due to Pakistan shelling being served meals at one of the shelter homes, in Jammu district on Monday. UNI PHOTO-101U

JAMMU, MAY 12 (UNI):- Border residents shifted to safer locations due to Pakistan shelling being served meals at one of the shelter homes, in Jammu district on Monday. UNI PHOTO-100U

JAMMU,MAY 12 (UNI):- Border residents shifted to safer locations due to Pakistan shelling being served meals at one of the shelter homes, in Jammu district on Monday. UNI PHOTO-99U

PATNA, MAY 12 (UNI):- Bihar Chief Minister Nitish Kumar with Deputy CM Samrat Chaudhary arriving at Buddha Smriti Park to offer prayer on the occasion of Buddha Purnima, in Patna on Monday. UNI PHOTO-98U

PATNA, MAY 12 (UNI):- Bihar Chief Minister Nitish Kumar offering prayer at Buddha Smriti Park on the occasion of Buddha Purnima, in Patna on Monday. UNI PHOTO-97U

PATNA, MAY 12 (UNI):- Bihar Chief Minister Nitish Kumar offering prayer at Buddha Smriti Park on the occasion of Buddha Purnima, in Patna on Monday. UNI PHOTO-96U

PATNA, MAY 12 (UNI):- Bihar Chief Minister Nitish Kumar offering prayer at Buddha Smriti Park on the occasion of Buddha Purnima, in Patna on Monday. UNI PHOTO-95U

PATNA, MAY 12 (UNI):- A police officer paying tribute to BSF Sub-Inspector Mohammad Imtiaz, who lost his life in the line of duty in Jammu district, in Patna on Monday. UNI PHOTO-94U

PATNA, MAY 12 (UNI):- BSF personnel paying tribute to BSF Sub-Inspector Mohammad Imtiaz, who lost his life in the line of duty in Jammu district, in Patna on Monday. UNI PHOTO-93U

PATNA, MAY 12 (UNI):- Mohammad Aslam paying tribute to his brother BSF Sub-Inspector Mohammad Imtiaz, who lost his life in the line of duty in Jammu district, in Patna on Monday. UNI PHOTO-92U

PATNA, MAY 12 (UNI):- CPI (ML) General Secretary, Dipankar Bhattacharya felicitating Newly elected President of JNUSU, Nitish Kumar during Nagrik Samman function at BIA, in Patna on Monday. UNI PHOTO-91U

PATNA, MAY 12 (UNI):- Bihar Chief Minister Nitish Kumar offering prayer at Buddha Smriti Park on the occasion of Buddha Purnima, in Patna on Monday. UNI PHOTO-90U

PATNA, MAY 12 (UNI):- Bihar Chief Minister Nitish Kumar offering prayer at Buddha Smriti Park on the occasion of Buddha Purnima, in Patna on Monday. UNI PHOTO-89U

PATNA, MAY 12 (UNI):- Bihar Chief Minister Nitish Kumar offering prayer at Buddha Smriti Park on the occasion of Buddha Purnima, in Patna on Monday. UNI PHOTO-88U

PATNA, MAY 12 (UNI):- Bihar Chief Minister Nitish Kumar offering prayer at Buddha Smriti Park on the occasion of Buddha Purnima, in Patna on Monday. UNI PHOTO-87U

PATNA, MAY 12 (UNI):- Bihar Congress President Rajesh Ram addressing a press conference after launching QR Code to apply for Bihar Vidhan Sabha Election tickets, in Patna on Monday. UNI PHOTO-86U

PATNA, MAY 12 (UNI):- Bihar Congress President Rajesh Ram and other leaders launching QR Code to apply for Bihar Vidhan Sabha Election tickets, in Patna on Monday. UNI PHOTO-85U