Oil Problems
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India asks OPEC+ to fulfill promise of stable oil prices
Petroleum minister Dharmendra Pradhan said higher oil prices may suit some countries, but India required reasonable rates.
Scroll Staff
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Explainer: How on earth did oil prices plunge below zero?
And what does this mean?
Atif Kubursi, The Conversation
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Oil prices plunge to lowest level in a year because of fears of excessive supply
The prices have declined by more than 30% since reaching a high of more than $86 a barrel in early October.
Scroll Staff
Trending
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The real reason why Modi says what he does – Hindu India accepts it
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BJP’s street-fighters in coastal Karnataka want a share in power
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The Assam voter who no longer supports the BJP because of the CAA
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Lok Sabha polls: Ladakh MP rallies supporters after BJP drops him from candidate list
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Arvind Kejriwal destroyed evidence in liquor policy case: ED to Supreme Court
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Crude oil prices plummet over fears of supply glut
Prices in the United States plunged 7% to $55.69, marking the biggest one-day drop in three years.
Scroll Staff
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The global demand for oil has fuelled the world’s most dangerous black market
Illegal trade of oil and other hydrocarbons flourishes and poses serious environmental and security challenges.
Peri-Khan Aqrawi-Whitcomb, Morgan D. Bazilian & Cyril Widdershoven
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Major oil-producing nations agree to raise production from July
Oil prices had gone up after the Organisation of Petroleum Exporting Countries agreed to cut output in late 2016.
Scroll Staff
Video
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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Saudi Arabia’s crude oil exports to the US fall to 30-year low
This is part of the strategy of the Organization of Petroleum Exporting Countries to fight a worldwide oil glut, which caused prices to drop.
Scroll Staff
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The US is running out of space to store crude oil
Oil production in the country is at an all-time high, even though prices crashed from $107 a barrel in June 2014 to only $30 a barrel at present.
Scroll Staff
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Are crude conspiracies right? Research shows nations really do go to war over oil
Was Iraq really “all about oil”?
Petros Sekeris and Vincenzo Bove, The Conversation
The Reel
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Watch: In ‘The Big Cigar’, the Black Panther founder flees America through a fake movie
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‘Dil Dosti Dilemma’ review: A feelgood entertainer about young love and old ties
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In ‘Tahader Katha’, the many partitions endured by a freedom fighter
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Watch: Ryan Reynolds and Hugh Jackman in ‘Deadpool & Wolverine’ trailer
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Start the week with a film: A legend returns in ‘Bob Marley: One Love’