Saudi Arabia announced to reduce oil production to increase the price

Saudi Arabia announced to reduce oil production to increase the price

Production cuts may be extended if necessary, Saudi Arabia: Photo: File Vienna: Saudi Arabia has announced to cut oil production in July to boost prices. An agreement was reached in Vienna between the oil producing countries regarding production. Various measures related to oil production and prices were reviewed in the meeting. Saudi Arabia’s Energy Minister…

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India's war frenzy increased, defense production hit $12 billion for the first time

India’s war frenzy increased, defense production hit $12 billion for the first time

India’s war frenzy has grown further, with defense output rising 12 percent to $12 billion last fiscal year. According to a foreign news agency, this is the first time that India’s defense production has crossed 12 billion dollars (one trillion rupees). The government is reducing its dependence on defense equipment from other countries. India has…

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