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International oil prices rose after OPEC and its allies ignored India's plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the most widely used benchmark, on Friday rose nearly 1 per cent to USD 67.44 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed not to increase supplies in April awaiting more substantial recovery in demand. India's Oil Minister Dharmendra Pradhan had in the run-up to Thursday's OPEC meeting urged the producers' group to ease production curbs to fulfil their promise of stable oil prices. He felt rising international oil prices were hurting economic recovery and demand. Responding to a question on India's pleas, Saudi energy minister Prince Abdulaziz bin Salman at a press conference after the OPEC+ decision on Thursday said New Delhi should take some of the crude out of storage that ... » Learn More about OPEC ignores India’s call; Saudi Arabia asks New Delhi to use cheap oil it bought last year to cool prices

Video Player Close RIYADH, March 5 (Xinhua) -- Saudi Arabia announced on Friday that a child and a man were injured due to the falling of debris of drone attacks by Houthis, the Saudi Press Agency reported. The debris of the intercepted drones fell on the country's Khamis Mushait and Ahad Rafidah, Saudi Arabia's Civil Defense was quoted as saying. The debris also caused damage to some houses. Meanwhile, the Saudi-led coalition revealed the interception of six bomb-laden drones on Friday in Khamis Mushait. The coalition will complete this month its sixth year of war in Yemen against the Houthi militia in support of the government of the Yemeni President Abd-Rabbu Mansour Hadi. Enditem ... » Learn More about Saudi Arabia says 2 injured by falling debris of drone attacks

International oil prices rose after OPEC and its allies ignored India's plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the most widely used benchmark, on Friday rose nearly 1 % to $ 67.44 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed not to increase supplies in April awaiting more substantial recovery in demand. India's Oil Minister Dharmendra Pradhan had in the run-up to Thursday's OPEC meeting urged the producers' group to ease production curbs to fulfil their promise of stable oil prices. He felt rising international oil prices were hurting economic recovery and demand. Responding to a question on India's pleas, Saudi energy minister Prince Abdulaziz bin Salman at a press conference after the OPEC+ decision on Thursday said New Delhi should take some of the crude out of storage that they had purchased ... » Learn More about OPEC ignores India’s call; Saudi asks New Delhi to use cheap oil it bought last year

The Indian consumer's hope that petrol @Rs 100 might not become the new normal just yet, may have been dashed. Yesterday, OPEC+ — the grouping of major oil producers — made public its plan to continue with its production cuts till April. It effectively means that if you are headed to the petrol pump, brace yourself to keep paying more for longer than you thought you would. In all likelihood, the move by OPEC+ would push retail fuel prices to new highs in yet more towns and cities in India, putting paid to the hope that Indian consumers may get some relief at last. The Indian government was hoping that oil exporting countries would end the ongoing production cuts by March end, which would have brought local prices down in importing countries like India. Before the important meeting, India's Oil Ministry had sent out requests to OPEC+ to raise production and "bring back some of the price stability", various reports said. However, Saudi Arabia and Russia — the prime players ... » Learn More about In case you thought petrol @Rs 100 won’t become the new normal just yet, think again

NEW YORK: Investors in metals and mineral extraction are poised to see their fortunes grow as the race to cut carbon emissions requires massive investment in commodities other than oil and gas. As world economies shift to more electrification and away from fossil fuels to reach net-zero carbon emissions by 2050, expect more copper mining and interest in metals like cobalt and nickel crucial to battery production, CEOs and global politicians said at this week's all-virtual CERAWeek energy conference. The World Bank has estimated that the energy transition will require over 3 billion tons of minerals and metals. Demand for minerals including graphite, lithium and cobalt could increase by nearly 500% by 2050, to meet the growing need to deploy wind, solar and geothermal power as well as energy storage, according to a World Bank Group report last year. Metals such as nickel and cobalt are vital in the battery sector, executives said. Copper demand will surge from makers ... » Learn More about CERAWEEK-Rock and heavy metal: winners emerge in energy transition

March 03, 2021 11:02 Five Koreans will play in Major League Baseball in the upcoming season as infielder Kim Ha-seong and pitcher Yang Hyeon-jong have newly joined the San Diego Padres and the Texas Rangers. The other three are Ryu Hyun-jin of the Toronto Blue Jays, Kim Kwang-hyun of the St. Louis Cardinals and Choi Ji-man of the Tampa Bay Rays. Choo Shin-soo, who played for the Rangers, left the club to play in Korea. They are now taking part in spring training, for which exhibition games started on Sunday. Kim Ha-seong went 1-for-4 in his first two exhibition games for the Padres in Arizona but hit all four balls hard. In Monday's game against the Chicago Cubs, he lined a ball directly at the left fielder in his first appearance before hitting a hard single his second time up, while on Sunday he flied out to the outfield twice against the Seattle Mariners. "Four plate appearances, four barrels. He's off to a really good start," Padres manager Jayce Tingler said. ... » Learn More about 5 Koreans Preparing to Make Mark in New MLB Season

#Chennai திமுக கூட்டணியில் இ.கம்யூனிஸ்டுக்கு 6 தொகுதிகள் ஓதுக்கீடு... நீண்ட இழுபறிக்கு பிறகு சுமுக முடிவு! #Chennai தமிழகத்திற்கு பறந்து வரும் "பட்டம்".. ஒவைசி கட்சிக்கு தனிச்சின்னம்.. தேர்தல் ஆணையம் ஒதுக்கீடு! #Chennai சசிகலாவிடம் சென்ற "தூது.." கையோடு கூட்டிப் போன உறவினர்.. அரசியல் விலகல் முடிவின் அதிரடி பின்னணி #Chennai #திமுகவிற்கு முற்றுப்புள்ளிவைப்போம் பிரச்சாரத்தை தொடங்கிய அதிமுக #Chennai கண்டிப்பாக ஒரு திருநங்கை முதல்வராக வருவார்.. அடித்துச் சொல்லும் ஸ்வேதா சுதாகர்! #Chennai எனக்கு சூடு ஏறுகிறது.. கோபம் வருகிறது.. தம்பி திருமா.. விசிக குறித்து கமல்ஹாசன் உருக்கம்.. பளீர்! சென்னை அப்டேட்டுகளுக்கு நோட்டிபிகேஷனை அனுமதி For Daily Alerts லேட்டஸ்ட் செய்திகளுடன் இணைந்திருங்கள் சென்னை செய்தி Cancel OK Just In திமுக கூட்டணியில் இ.கம்யூனிஸ்டுக்கு 6 தொகுதிகள் ஓதுக்கீடு... நீண்ட இழுபறிக்கு பிறகு சுமுக முடிவு! தமிழகத்திற்கு பறந்து வரும் "பட்டம்".. ஒவைசி ... » Learn More about நடுங்கிப் போன சென்னை.. தலையை குறி வைத்து வெட்டு.. எதிர் கோஷ்டியால் கொன்று வீசப்பட்ட “A+ கேங் லீடர்”

The Congress may not be averse to exiting the DMK-led Secular Progressive Alliance (SPA) in Tamil Nadu, if the Dravidian party does not allot it a “respectable” number of seats for the Assembly elections. According to a section of senior leaders, the party is miffed at the DMK’s hardline offering of only 18 seats. Some leaders claim the DMK has not reached out to the Congress after the earlier talks failed. The Congress, multiple leaders confirmed to The Hindu, desired 40 seats but is willing to settle for a ‘respectable’ number of seats, which is being pegged at 30-31 seats. Failing such an offer, the Congress plans on exiting the front as it deems it an “insult”. “When the AIADMK is making all efforts to keep its allies intact, the DMK’s behaviour is not appropriate. From the way they have held the talks, ‘insulted’ the allies, it seems that they do not want us in the alliance. If two of the most powerful TN Ministers, Thangamani and Velumani, can go and meet DMDK chief ... » Learn More about Congress wants ‘respectable’ number of seats, mulls exiting DMK front

Inoxcva , the Vadodara-based manufacturer of cryogenic equipment and solutions, has launched an LNG (liquefied natural gas) dispenser. The move comes on the heels of the government on February 17 releasing the draft LNG policy that aims to convert 10 per cent of the long haul heavy duty trucks to ply on LNG over the next three years. The policy aims to create LNG terminals with over 100 million tonne per annum along the coastal regions to increase the share of gas in the energy basket to 15 per cent by 2030 from 6 per cent now. The indigenously designed, developed and manufactured at the Kalol plant, LNG dispenser has the European certification called ATEX certification and were successfully trail-tested at Petronet LNG-Dahej and Petronet LNG-Kochi terminals. The company has also developed an equipment for mobile LNG fueling stations to cater to the requirements of the mining industry and remote areas. Inoxcva has also developed an end-to-end integrated solution, with ... » Learn More about Gujarat co Inoxcva launches LNG dispensers

oil producer cartel OPEC and allied countries have agreed to leave most of their existing oil production cuts in place as the spread of new coronavirus variants prolongs concerns about economic weakness. OPEC countries led by Saudi Arabia joined with non-members led by Russia to reach the deal in an online meeting Thursday. Most significantly, one million barrels per day in voluntary cuts from Saudi Arabia will remain in place at least through April. The decision pushed the price of crude oil sharply higher in global markets. The U.S. contract, which had plunged last year as the pandemic restrictions on businesses devastated demand for energy, spiked 5.6% higher on the day on Thursday to $64.70 a barrel. ... » Learn More about OPEC, allies keep oil output unchanged, prices jump