Oil Politics
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Hares and hounds: How India bought Russian oil without angering the US
Russia is now India’s top oil supplier.
Nachiket Deuskar
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Covid-19: Crude oil soars 5% after producers agree to ‘historic’ production cut to support prices
The OPEC+ cartel agreed to start with a cut of 9.7 million barrels per day in output from May 1 to June 30, followed by gradual relaxation until April 2022.
Scroll Staff
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OPEC agreement to cut oil production hits roadblock as Mexico opts out
Crude oil prices fell sharply on Friday after the deal did not go through.
Scroll Staff
Trending
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Carnatic music: Violinist L Subramaniam’s new book looks at the 18th-century masters
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View from the Margins: A Dalit Christian explains why he will be voting for change
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EC rejects claims that EVMs gave extra votes to BJP in Kerala mock polls, SC reserves verdict
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Husna Bai: The tawaif who made Hindustani music a respectable profession for women artists
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Is apple cider vinegar as good for health as it sounds?
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Crude oil prices fall sharply as Saudi Arabia, Russia postpone meeting about pact to cut production
The prices of West Texas Intermediate and Brent crude traded over $3 lower before slightly recovering.
Scroll Staff
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Crude oil prices fall the most since start of 1991 Gulf War as Saudi Arabia-Russia price war begins
Saudi Arabia slashed its prices and said it would release its hoarded supply into a market affected by falling demand because of the coronavirus epidemic.
Scroll Staff
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Donald Trump’s Iran oil sanctions may severely damage India’s economy (and the world’s)
The United States has announced it will not renew the exemptions given to eight countries, including India and China, that enable them to buy Iranian oil.
Nafis Alam, The Conversation
Video
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Watch: Unbelievable scenes of flooding in Dubai airport, streets, and malls after heavy rain in UAE
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Indian elections: How secure is the EVM-VVPAT process?
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Watch: Footballers of Indian clubs walk out on the pitch with dogs to get them adopted
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Watch: Dogs wag their tails to ‘conduct’ classical music orchestra
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Watch: Glimpses of Indian singer Sid Sriram’s debut performance at Coachella 2024
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India says it is prepared to deal with US decision to end waivers on oil imports from Iran
Ministry of External Affairs spokesperson Raveesh Kumar said the Centre will continue to work with partner countries to secure India’s energy interests.
Scroll Staff
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Scroll Investigation: The curious case of Russian oil deals that benefited Essar, hurt ONGC
The transactions involve Kremlin-controlled Rosneft.
M Rajshekhar
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In Assam, Oil India Limited workers rise in protest against the entry of private companies
The protests have a strong subtext of sub-nationalism, evident in the active participation of several Assamese groups.
Arunabh Saikia
The Reel
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Watch: ‘The Broken News’ returns for a second season
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‘Dil Dosti Dilemma’ trailer: A teenager bonds with her grandparents during a summer vacation
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‘Silence 2: The Night Owl Bar Shootout’ review: A bland cop meets a dull case
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‘Juna Furniture’ trailer: Mahesh Manjrekar directs and stars in film about ageing
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Start the week with a film: In ‘Tokyo Sonata’, the unequal music of an emotionally distant family
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As Qatar exit reiterates, OPEC has long been a divided house with little sway over global oil rates
OPEC has often been held back by division, disagreement and divergent interests.
Gregory Brew, The Conversation
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Oil prices rise nearly 1% as key producers decide to reduce supply from January
The quantum of reduction decided by OPEC members was larger than what the markets had expected.
Scroll Staff
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Qatar to withdraw from Organization of Petroleum Exporting Countries in January
The Gulf nation has been a member of the oil producers’ cartel since 1961.
Scroll Staff
The Field
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IPL 2024: Suryakumar, bowlers help Mumbai Indians seal thriller against Punjab Kings
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Cricket: Meg Lanning opens up about struggle with food and exercise that led to her early retirement
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Paris Olympics 2024: Long jumper Sreeshankar Murali ruled out of Games with knee injury
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Badminton: Kento Momota, former world champion, announces international retirement
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Chess, Candidates 2024: Gukesh Dommaraju drops to second after draw against Fabiano Caruana