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OPEC ignores India’s call; Saudi Arabia asks New Delhi to use cheap oil it bought last year to cool prices

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

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OPEC ignores India’s call; Saudi asks New Delhi to use cheap oil it bought last year

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

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CERAWEEK-Rock and heavy metal: winners emerge in energy transition

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

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‘Misleading, incorrect’: Govt’s strong rebuttal on democracy report downgrading India to ‘partly free’

#Sedition Most number of sedition cases filed in Karnataka: Rajya Sabha told #Sedition SC refuses to interfere with sedition law #Sedition Pro-Pakistan slogans: 'Woman charged with sedition had links with Naxals in the past' #Sedition 19 persons arrested on charges of sedition at Azamgarh #Sedition Karnataka school headmistress, parent arrested for "abuse" of PM Modi in drama #Sedition Bidar school faces sedition charge for 'portraying PM Modi in poor light' For Quick Alerts Subscribe Now India - 11,173,761 | World - 116,207,995 View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts Just In 12 min ago India on track to achieving climate goals: PM Modi at CERAWeek 2021 27 min ago Actor Mithun Chakraborty may join BJP at PM Modi's Kolkata rally on Mar 7 29 min ago Nearly 14 lakh inoculated against COVID-19 on Thursday, ... » Learn More about ‘Misleading, incorrect’: Govt’s strong rebuttal on democracy report downgrading India to ‘partly free’

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HK’s electoral system reform to safeguard prosperity, stability: China Daily editorial

There is nothing unusual in the proposed requirement that positions of authority in the Hong Kong Special Administrative Region only be occupied by patriots. Yet the move to initiate reform in the SAR's electoral system to ensure that is the case has undeniably ruffled the feathers of some politicians and media outlets in the West. Their response to the proposed move to provide a firm guarantee for the implementation of the principle of "patriots governing Hong Kong", which was first mooted a few weeks ago, has been the same as it was when the national security law for Hong Kong was in the works. Mired in either ideological bigotry or with an eye on geopolitics, these Western politicians and media outlets have been assailing Beijing and decrying the patriotism requirement as an erosion of Hong Kong's "freedoms" even before the legislative process began on Thursday. Their handwringing is because the reform will close the clear loopholes and shortcomings in the electoral system ... » Learn More about HK’s electoral system reform to safeguard prosperity, stability: China Daily editorial

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When Amitabh Bachchan almost got named Inquilab by his mother

Mumbai: Bollywood megastar Amitabh Bachchan , who celebrated his 78th birthday on Sunday, recently revealed that his mother Teji Bachchan had almost named him Inquilab when he was born. During one of the episodes of Kaun Banega Crorepati 12 , Big B shared a rather interesting anecdote from his life. He said that in 1942, his mother had participated in a rally which demanded independence for India from the British rule. At that time, she was eight months pregnant and was expecting Amitabh. However, when the men of her family found out that she was not at home and had gone out to participate in the procession, they reprimanded her and got her back home. At that time, a person who was also a part of the Independence struggle suggested that she should name her child Inquilab, which means revolution. Untitled Carousel Amitabh Bachchan is booked for a year While most actors half his age are still wondering about when to get back into action, Amitabh Bachchan brought in his ... » Learn More about When Amitabh Bachchan almost got named Inquilab by his mother

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New Caledonia agrees to Vale nickel mine sale, Tesla to be partner

Vale 's nickel business, including a majority stakeholding for local interests, seeking to resolve unrest over the planned sale. The deal signed by pro-independence and loyalist leaders in the French Pacific territory also cited a "technical and industrial partnership" with Tesla, under which the electric car company would source raw materials for batteries. Brazilian miner Vale's decision last year to sell its nickel mine and processing plant to a consortium including Swiss commodity trader Trafigura sparked fierce opposition from pro-independence groups. Violent protests led Vale to shut down the site in December. Under Thursday's agreement, political groups proposed that a 51% stake in the Vale operations be held by New Caledonia's provincial authorities and other local interests. Trafigura would have a 19% stake, less than the 25% planned in the initial sale deal with Vale. The parties also called for reinforced environmental standards and set a target for the ... » Learn More about New Caledonia agrees to Vale nickel mine sale, Tesla to be partner

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Report: Russian hackers exploit Lithuanian infrastructure

VILNIUS, Lithuania - Hacker groups linked to Russian intelligence conducted cyber-attacks against top Lithuanian officials and decision-makers last year and used the Baltic nation's technology infrastructure as a base to hit targets elsewhere, a report by Lithuania's intelligence service said Thursday. The annual national security threat assessment report claimed that, among others, the Russian cyber-espionage group APT29 with alleged links to Russia's intelligence services "exploited" Lithuania's information technology infrastructure "to carry out attacks by APT29 against foreign entities developing a COVID-19 vaccine." The report produced by Lithuania's State Security Department said the COVID-19 pandemic and lockdown in Lithuania, a NATO member that is Russia's neighbor and a former Soviet republic, decreased Russian intelligence operations against the country in 2020 and shifted the Kremlin's efforts to cyber-espionage. "Nevertheless, Russian intelligence operations ... » Learn More about Report: Russian hackers exploit Lithuanian infrastructure

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Commissioner’s office of Chinese foreign ministry says improving HKSAR’s electoral system imperative

Video Player Close HONG KONG, March 5 (Xinhua) -- The Office of the Commissioner of the Chinese Foreign Ministry in the Hong Kong Special Administrative Region (HKSAR) said Friday that improving the electoral system of the HKSAR is necessary for adhering to and improving the institutional framework of "one country, two systems" and for fully reflecting and implementing the principle of "patriots administering Hong Kong." The statement came as Wang Chen, vice chairman of Standing Committee of the National People's Congress (NPC), delivered an explanatory speech about a draft decision on improving the electoral system of the HKSAR at the opening meeting of the fourth annual session of the 13th NPC on Friday. A spokesperson for the commissioner's office said improving the HKSAR's electoral system is also necessary for safeguarding national sovereignty, security and development interests and Hong Kong's long-term prosperity and stability. It has a solid political and legal ... » Learn More about Commissioner’s office of Chinese foreign ministry says improving HKSAR’s electoral system imperative

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Restrain Rahul from campaigning in TN: BJP to EC

The Tamil Nadu unit of the Bharatiya Janata Party on Thursday urged the Election Commission to restrain Congress leader Rahul Gandhi from campaigning in Tamil Nadu for the April 6 assembly election, for allegedly violating the model code of conduct. It also wanted the EC to direct the police to register an FIR against him for "inciting the youth to another freedom struggle." BJP state in-charge, election liaison committee, V Balachandran, alleged that Gandhi's campaign in St.Joseph's Matric Higher Secondary School in Mulagumoodu in Kanyakumari district on March 1 was akin to an election campaign in school premises. In a memorandum submitted to chief electoral officer Satyabrata Sahoo on Thursday he said Gandhi's political campaign in the educational institution violated provisions of the model code of conduct for which strict action including "prohibitory orders for his poll campaign in Tamil Nadu is required." Further, the Congress leader committed offences ... » Learn More about Restrain Rahul from campaigning in TN: BJP to EC

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