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Qatar has a new ambition after 2022 soccer World Cup – convincing expats to stay

Qatar is bringing in sweeping labour reforms, imposing a standard minimum wage applicable to employees of all nationalities and professions and making it easier to change jobs.

Refining industry enters ‘age of consolidation’ with ‘catastrophic’ margins

A refinery thrives on the price difference between crude oil and fuels like gasoline, earning a profit that’s known in the industry as a cracking margin.

Expect India’s oil demand to recover from Covid shock by second quarter: Dharmendra Pradhan

Amid lockdown, demand for transportation and industrial fuels plummeted by as much as 70%, but India is confident things will look up faster than projected.

Low oil demand due to Covid-19 will force drillers to go green or go home

If companies don't pivot to renewable sources, they may have trouble getting access to the financing they need to keep the drills running in the future.

Fears of a second Covid wave in China casts large shadow over crude oil market

A renewed outbreak would jeopardise the recovery oil prices have seen in the last 2 months, which was spurred by record output cuts and renewed demand.
Oil Facilities And Services Ahead Of Final Year Figures After Demonetization Induced Fluctuation

Disinvestment in oil PSUs expected to attract global majors who are wary of China

India has opportunity to draw investments & push PSUs like BPCL to investors as some countries seek to counter China’s ‘growing threat to global trade’.
Representational image Oil storage tanks in Cushing, Oklahoma. Photographer: Daniel Acker/Bloomberg

How coronavirus has blown a $400 billion hole in global energy markets

The International Energy Agency’s projection for energy investment in 2020 began at 2% growth, but in the wake of the pandemic, expects to decline by 20%.

Why the world’s smartest oil traders have taken to the seas

Holding oil in ships is more expensive than storing it in onshore tanks, but the eventual unloading of it will have a significant bearing on the oil price.
Representational Image. A Hindustan Petroleum outlet | Commons

Delhi govt hikes petrol price by Rs 1.67 per litre, diesel by Rs 7.10

The price hike was followed by Delhi govt's decision to raise VAT on petrol from 27 to 30% and from to 16.75% to 30% on diesel.
A cyclist rides past oil storage tanks at Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai, Maharashtra | Photographer: Dhiraj Singh | Bloomberg

India’s oil revenue loss in lockdown seen exceeding Rs 40,000 crore

Fuel consumption probably declined at least 80% in April, which would lead to a revenue loss of as much as Rs 400 billion, said economist Madan Sabnavis.

On Camera

Retiring early can be bad for the brain

Retiring early and working less has many benefits, such as reduced stress, better diets and more sleep. But as we found, it also has adverse effects.
File photo | RIL chairman Mukesh Ambani | Sanjit Das/Bloomberg

Reliance Retail gets $1 billion from Silver Lake for 1.75% stake

Reliance announced on 9 Sept that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal.

Defence

Representational image | Indian soldiers at the Line of Control in Jammu and Kashmir | PTI

No ‘major’ build-up at LoC but Pakistan pushing new Chinese-made assault rifles into Kashmir

Security forces have recovered EMEI Type 97 NSR rifles, manufactured by Chinese firm Norinco, which they believe were dropped into J&K through drones.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.