Oil Politics
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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
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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
Trending
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‘Media, politicians totally clueless’: Sudhir Chaudhary on Zee News before leaving the channel
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Ravi Shastri reacts to Bumrah’s world record against Broad – ‘What I saw today was bizarre’
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Watch: Tai Tzu Ying defeats PV Sindhu at Malaysia Open, plays ridiculous shot on match point
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‘They want to be...pet parents’: Comedian Kusha Kapila on the Alia Bhatt-Ranbir Kapoor pregnancy
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‘Persuasion’: Why Jane Austen’s most understated novel, soon to be on Netflix, is worth (re)reading
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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
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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
Video
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Eco India: How unchecked plastic pollution in our rivers is harming our ecosystems
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‘Essential healthcare’: ‘Stranger Things’ actor Maya Hawke talks about mother Uma Thurman’s abortion
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Watch: Devotees from around the world start arriving for haj in Mecca after two pandemic years
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Eco India, Episode 189: More than 85% plastic waste that ends up in oceans comes from just 10 rivers
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Caught on camera: Man calmly continues to play golf as alligator walks up behind him
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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
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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
The Reel
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Deepti Naval at the movies: Single-screen theatres, Rajesh Khanna and ‘Mera Naam Joker’
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‘Meme Boys’ trailer: Students take on their college management
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‘Rocketry – The Nambi Effect’ review: An important story of persecution that’s badly told
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‘Rashtra Kavach Om’ review: Low on action and even lower in brains
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‘Minions: The Rise of Gru’ review: A superfun animated comedy
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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
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As geopolitics over crude intensifies, energy-dependent India could be in for an oil shock
India, which imports over 80% of crude and about 30% of its gas, has always been vulnerable.
Devangshu Datta
The Field
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Edgbaston Test: Bumrah’s day out in Birmingham
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Watch: Alize Cornet ends Iga Swiatek’s 37-match win streak – ‘In France, good wine ages well’
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Watch, Wimbledon 2022: World No 37 Alize Cornet ends Iga Swiatek’s win streak at 37
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Watch: Venus Williams with an epic response to question about her Wimbledon mixed doubles ambitions
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Ravi Shastri reacts to Bumrah’s world record against Broad – ‘What I saw today was bizarre’