Skip to main content

Oil prices up as OPEC reaches cut deal

   Organization of petroleum exporting countries OPEC have reached a deal with its members to cut crude energy supply by 1.2 million barrels per day from the 33.64 million barrels per day . As a result of the supply cut by opec oil price have surged above $52 barrels per day .
   Other non opec members like Russia and the United States are expected to cut supply by 600,000 barrels per day . According to a report from the meeting held today , this will help stabilize oil dependant economies and enhance global trade flow .

Comments

Popular posts from this blog

EU officials dies in a plane crash in Malta

  Two French ministers and two contractors has been killed in a plane crash in Malta. The plane nose-dived to the ground and burst into flames few minutes after take-off   The plane was a surveillance aircraft that was heading for the Mediterranean Sea and the French defense minister Jean yves le drian says this is one of the French government efforts to track down on illicit trafficking and drugs.   The French government have sown to properly investigate the cause of the plane accident that led to the loss of French officials.

Same-sex marriage legalized in Germany

   There has been lots of celebration in Germany as the country's lawmakers legalized Same-sex marriage. Homosexual and lesbianian couples will now be able to get married legally and therewith adopt children, this act has made Germany to be in line with several European countries that have done same. The German Parliament passed this bill into law but Merkel was against the bill.

Lawmakers of South Korean vote to impeach president Park

   The lawmakers of South Korean Parliament has voted to impeach president Park Geun-hye, the motion passed by 234 votes to 56 in the house . Hwang kyo-ahn the prime minister of South Korean will be the interim president .