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Crude prices fall as OPEC fails to cut quota 

Published

8 years ago

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New York: Oil prices dropped on Friday as the Organisation of the Petroleum Exporting Countries (OPEC) ended a meeting without any agreement to reduce the production.

The cartel’s output makes up around 40 percent of the global crude production. OPEC maintained it output quota of 30 million barrels per day at June’s meeting. The ceiling was breached routinely by the group, as per reported.

The group will maintain its current production, about 31.5 million barrels a day. The statement released on Friday said the group will “closely monitor market developments in the coming months.”

The organisation observed that global economic growth is currently at 3.1 percent in 2015 and is forecast to expand by 3.4 percent next year.

In terms of supply and demand, it was noted that non-OPEC supply is expected to contract in 2016, while global demand is anticipated to expand again by 1.3 million barrels per day.

The West Texas Intermediate for January delivery moved down $1.11 to settle at $39.97 a barrel on the New York Mercantile Exchange.

Brent crude for January delivery decreased $0.84 to close at $43 a barrel on the London ICE Futures Exchange.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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