Saturday, 21 May, 2022
TopicOil

Topic: Oil

Oil resumes decline as market grapples with tumultuous trading

Oil resumed its decline as the fallout from Russia’s war in Ukraine and China’s Covid-19 resurgence continued to rattle the market.

US needs oil, and Iran needs end to sanctions, but they still can’t agree on nuclear deal

In principle, the deal couldn’t be easier. America needs Iran’s oil and gas to help wean the world off Russian hydrocarbons. Iran needs an end to sanctions that have hurt its economy.

Russia offers oil to India at steep discounts on direct purchase

Russian oil has been flowing to Asia in greater volumes as buyers across Europe and the U.S. shun supplies, following the invasion of Ukraine. India and China have been the key buyers.

More petrol, diesel excise duty cuts not expected as Modi govt sees crude prices stabilising

Officials say for fiscal calculations, govt assumes avg price of crude for 12 months, so no need for excise duty cut. Decision on Russia’s offer of crude supply in a few weeks.

Dry, oily, flaky? e’clat Superior is here with answers for each skin type

Luxury skincare brand e’clat Superior is offering a discount from 5 to 8 March. Their products are appropriate for all skin types.

2022 oil market won’t be serene as supply panic will replace fears over demand

The potential oil market weakness comes from rampant supply, which OPEC sees exceeding 104 million barrels a day before the end of the year.

Forget 2050. To achieve ‘net-zero’, corporations need to act on oil and gas in the next decade

We have heard a lot about corporations committing to net-zero by 2050. But the reality is that actions in the coming decade will be decisive.

Oil to anti-terror — How India under Modi reinvented itself on world diplomacy map

In ‘The Midway Battle’, Gautam Chintamani writes that Modi made it clear India would no longer be an afterthought on world stage.

Some festive cheer on edible oils front as prices dip, mustard oil is the only exception

As many as 4 import duty cuts were effected with respect to three edible oils between June and September, following a sharp rise in prices over the preceding months.

Our oil sector is dominated by financially strong PSUs. Monetisation may not benefit it

Oil PSUs are not really dependent on the proceeds from asset monetisation for raising resources for the new infrastructure projects planned by them.

On Camera

YourTurn

Representative image of an ethanol-blended fuel station plug | Wikimedia Commons

Ethanol blended fuel to power vehicles. Will it hurt your car’s engine?

India’s reliance on ethanol blended fuel is only set to increase in the wake of rising crude oil prices. But are we going to adapt in time?
A shopkeeper arranges stock at a grocery store in Bengaluru | Representational image | Bloomberg Photo

Inflation raised monthly expenses of 92% Indian families in last 3 months, finds online survey

A LocalCircles poll found that 70% of respondents felt their monthly household budget increased by 10% while 55% expected expenses to go up by another 10% in the next 3 months.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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