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VIENNA, Dec 6 (NNN-AGENCIES) — OPEC and its allies led by Russia on Thursday were moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent a glut, sources from OPEC and its allied producers said.

The Organization of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known as OPEC+, on Friday.

Three OPEC+ sources said on Thursday the group would discuss increasing current cuts of 1.2 million barrels per day by more than 400,000 bpd.

05 Dec 2019; MEMO: Greece said on Wednesday it opposed an accord reached by Turkey and Libya to define their maritime boundaries, but said it and Ankara – both members of NATO – were committed to talks on confidence-building measures, Reuters reports.

Jammu, Dec 4 (PTI) The Congress will take out a mega rally in Delhi on December 14 to protest against the state of the economy, unemployment and unprecedented price hike due to the wrong policies of the BJP government at the Centre, a party leader said here on Wednesday.

"The Congress is organising a mega rally in Delhi on December 14 to protest against the economic crisis, large-scale unemployment and unprecedented price hike," the chief spokesperson of the Jammu and Kashmir Pradesh Congress Committee (JKPCC) said.

Bhubaneswar, Dec 4 (PTI) Amid the onion prices soaring to Rs 120 a kg in open markets of the state, the Odisha government on Wednesday sought to provide succour to people, saying the cost of the pungent vegetable bulb is likely to decline by January first week after production of new crop.

While the onion price in open market was around Rs 90 a kilogram on Tuesday, it registered an overnight jump by Rs 30 in Bhubaneswar and Cuttack.

Mumbai, Dec 5 (PTI) The Reserve Bank of India on Thursday kept the key policy rate unchanged at 5.15 per cent and decided to continue with its accommodative stance to support the economy.

The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

MOSCOW, Dec 5 (NNN-TASS) – Russian President, Vladimir Putin, and his Serbian counterpart, Aleksandar Vucic, agreed to develop cooperation in various spheres, primarily in the energy sector.

“All aspects of interaction between Russia and Serbia have a character of genuine strategic partnership,” Putin said, at a joint press conference with Vucic, following their talks in the Black Sea resort of Sochi.

According to the Russian leader, bilateral trade amounted to 2.2 billion U.S. dollars in 2018, and it grew 9.5 percent in Jan-Sept this year.

MUSCAT, Oman, Dec 5 (NNN-ONA) – Sultan Qaboos bin Said of Oman and visiting Prince William, Duke of Cambridge, on Wednesday discussed bilateral relations.

The British prince is currently in Oman for a three-day visit.

“The meeting took place at the Bait Al Baraka Palace, in the Omani capital, Muscat.”

During the meeting, they reviewed the strong ties of cooperation binding Oman and Britain.

TEHRAN, Dec 5 (NNN-IRNA) – Chief of Staff of the Iranian Armed Forces, Mohammad Hossein Baqeri and visiting Azeri Deputy Prime Minister, Shahin Mustafayev, discussed defence and security cooperation between the two countries.

The two sides vowed to do their best to deepen bilateral relations, especially in defence and security.

Baqeri said that “some of the regional and trans-regional players cannot tolerate friendly relations between Iran and Azerbaijan.”

BEIJING, Dec. 4 (Xinhua) -- China warned Wednesday if the United States continues to play with double standards on anti-terrorism or even try to infringe upon other countries' sovereignty and security, it will end up swallowing a bitter fruit with its own interests harmed.

"It hasn't been long since the Sept. 11 attacks. The U.S. should not forget the pain as wounds heal," Foreign Ministry spokesperson Hua Chunying said at a press conference.

New Delhi, Dec 4 (PTI) The FDI inflow into India has increased in the last fiscal in comparison to previous years with USD 62 billion foreign investments in 2018-19, Commerce Minister Piyush Goyal said in Lok Sabha on Wednesday.

Goyal's response came in response to a question by Congress MP Abdul Khaleque on whether the Foreign Direct Investments into India have declined in 2018-19 as compared to the previous years.