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Oil prices slump as market unsure of output cut deal

Published

8 years ago

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Oil prices, Petroleum Exporting Countries, Sudi Arabia, Organisation of the Petroleum Exporting Countries, West Texas Intermediate

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New York: The international crude oil prices slumped on Friday as market adopted an wait-and-see attitude toward a possible output cut deal among oil producers.

Saudi Arabia, member and top oil exporter in the Organisation of the Petroleum Exporting Countries (OPEC) said on Friday that the country will not take part in talks between OPEC and non-OPEC producers to discuss output cut details, Xinhua news agency cited media reports.

Analysts said the news was the major factor dragging oil prices down, as the investors were uncertain whether OPEC would be able to reach an output cut deal by the end of this month.

OPEC reached a preliminary agreement in September to cut crude oil output in order to stabilise global oil prices. The group is set to discuss details of the agreement in Vienna, Austria next Wednesday. If passed, the agreement will be first of its kinds since 2008.

The West Texas Intermediate for January Delivery lost $1.90 to settle at $46.06 a barrel on the New York Mercantile Exchange, while Brent Crude for January delivery erased $1.76 to close at $47.24 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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