Oil companies and their political allies are taking the onus off themselves to make changes to their fossil fuel production, consumption and exploitation practices.
The global benchmark’s prompt timespread was 42 cents in backwardation compared with as high as $4.64 in early March just after the Russian invasion of Ukraine.
Driving has emerged as the socially distant transportation of choice and is offering some relief to an oil market fresh off its worst crash in history.
The Covid pandemic and the ongoing economic crisis have led to severe job losses abroad, prompting thousands to approach the Kerala government to return home.
After the oil-price slump of the mid-1980s, it took two decades for prices to return to their previous levels — longer if you build in the effects of inflation.
The prospect of a strike on Iran in retaliation for an attack that didn’t target Americans or even a country with which the US has a defense treaty is proving divisive in Washington.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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