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TOKYO: Oil prices slid more than 1 per cent on Tuesday, extending losses that began last week, as expectations that OPEC would agree to raise oil supply in a meeting this week added to pressure and worries over slowing demand in China dampened sentiment. Brent crude dropped 70 cents, or 1.1 per cent, to $62.99 a barrel by 0457 GMT, after losing 1.1 per cent the previous day. U.S. West Texas Intermediate (WTI) crude fell 71 cents, or 1.2 per cent, to $59.93 a barrel, having lost 1.4 per cent on Monday. They both touched the lowest in more than one week. Expectations that the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, would boost oil output from April are pushing prices lower, said Satoru Yoshida, a commodity analyst with Rakuten Securities. "Concerns over an increase in OPEC+ supply and an end of Saudi Arabia 's voluntary cut of 1 million barrels per day (bpd) this month weighed on oil prices," he said. The group meets ... » Learn More about Oil slides 1% on fears over higher OPEC supply, slower China demand

An agreement between India and Pakistan, however tenuous, has its own meaning and impact. IMAGE: Indians soldiers at the Line of Control, the border separating India and Pakistan. Photograph: PTI Photo Winds of change have begun to blow in different parts of the world in the end of February 2021, with some potential for major changes in the future. Chinese troops have agreed to mutual withdrawal in the Pangong sector in Ladakh without any particular gain. President Joe Biden launched his first attack abroad, against Iranian supported areas in Syria, justifying it as a warning to Iran. In a delicate balancing act, he has imposed sanctions on certain individuals in Saudi Arabia for the gruesome murder of Jamal Khashoggi , without personally hurting the mastermind. And, surprises of surprises, India and Pakistan have pledged to honour the 2003 cease fire agreement without any apparent provocation. It looked more like formalising a de facto situation as the ... » Learn More about Silent guns on LoC raise hopes of peace

For Quick Alerts Subscribe Now Rahul Gandhi terms grandmother Indira Gandhi's 'emergency a mistake' View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Cyber Attack How a warning about ShadowPad, Red Echo saved the national power grid from being hacked #Cyber Attack India is second biggest target of cyber criminals in Asia Pacific: Report #Cyber Attack Agencies continue to thwart China cyber attacks on India #Cyber Attack India faced three times the cyber attack than the global average #Cyber Attack Jitendra Singh says, Kundankulam nuclear power plant cyber attack an error #Cyber Attack Government new snoop on computers order challenged in SC Just In 1 hr ago Manipur’s news website becomes first target of new rules on digital media, later withdrawn 1 hr ago TMC writes to EC over PM Modi’s photo on Covid-19 vaccination doc ... » Learn More about On cyber attack on India, US says cannot allow China to dominate