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  • While petroleum-producing countries are being buoyed by higher global oil prices, the big consumers are taking a hit — especially India and other Asian nations.
  • India is the world's third-largest oil consumer, and sources about 86 percent of its crude oil and 75 percent of its natural gas from OPEC countries.
  • The 14 nations of OPEC are convened in Vienna, Austria, this week where they will attempt to reach an agreement on oil production levels for the next 18 months.

OTHER NEWS

https://www.zerohedge.com/markets/fed-injects-134bn-liquidity-term-repo-obersubscribed-amid-month-end-liquidity-panic

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