The Saudi output reduction of 1 million barrels a day that started this month-which comes in addition to existing curbs agreed by OPEC+ will continue into August and could be extended further, according to a statement published by state-run Saudi Press Agency. The cuts will take the kingdom's production to 9 million barrels a day, lowest level in several years, sacrificing sales volumes for what has so far been little reward in terms of higher prices.
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India in economic sweet spot, inflation to moderate: Moody's
India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.
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EV adoption is a marathon, not a sprint: Audi India
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