The recommendation has been made owing to reduction in oil prices in international market. The Brent oil price in international market on September 27 was recorded at $61.28/barrel which was $71 barrel on September 16. This increase came after drone attacks on Saudi Aramco's oil refinery wiped off 5.7 million barrels of oil, which is 5 percent of the global crude oil supply.
The recommendation has been made owing to reduction in oil prices in international market. The Brent oil price in international market on September 27 was recorded at $61.28/barrel which was $71 barrel on September 16. This increase came after drone attacks on Saudi Aramco's oil refinery wiped off 5.7 million barrels of oil, which is 5 percent of the global crude oil supply.