The conflict between two Arab nations could push up petrol prices in India ...Middle East

Quartz - Economy
The conflict between two Arab nations could push up petrol prices in India
Indians, reeling under the burden of high fuel prices, could be in for another jolt due to reasons that are mostly out of the country’s control.A failure to resolve a rare standoff between the United Arab Emirates (UAE) and Saudi Arabia could push global crude oil prices up further.The two Arab nations are in disagreement over a plan by the Organization of the Petroleum Exporting Countries (OPEC) that seeks to extend a cap on oil production. OPEC is an intergovernmental organisation of 13 oil-producing nations.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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