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Wednesday, July 30, 2025
TopicOPEC

Topic: OPEC

US sanctions on Venezuela can divert flood of cheap oil to India, China

Venezuela was fourth-biggest crude supplier to India in 2018 & cheap supplies can help Modi govt before polls.

Iraq may have ‘fourth-biggest oil producer’ tag, but there is little to show for it

For all its petro-wealth, Iraq lacks steady electricity supplies and has trouble attracting the kinds of investment needed to create jobs.

6 foreign trips MJ Akbar will no longer make, govt scrambles to find replacement

M.J. Akbar, who resigned as Minister of State for External Affairs Wednesday, was liaising with Muslim countries in Central and West Asia and Africa.

Traders predict oil prices to touch $100 per barrel as Iran reels under US sanctions

The Iranian market doesn’t have much capacity left to replace more than 2 million barrels a day of exports that could be lost to sanctions.

Iran’s export pain could mean a hot winter for oil

Oil exports are down by almost a third since U.S. said it would withdraw from the nations’ nuclear deal and reimpose sanctions.

China-India ‘oil buyers’ club’ to challenge OPEC monopoly could be a game-changer

Led by countries that have vowed for big electric push, the counter-cartel could help phase out petroleum products.

India seeks ‘responsible’ OPEC decision as Vienna tensions mount

Oil minister Dharmendra Pradhan says the government believes that $55 to $60 a barrel is a reasonable price level for now.

Trouble looms for India as shipping revolution to push oil prices to $90 a barrel

Changes that force vessels to consume lower sulphur fuels in 2020 will lead to a boom in middle distillate products, triggering crude demands.

On Camera

No one should have to choose between a roof and two meals. But India’s migrants do, every day

India’s policymakers need to ensure that labourers, and milk and newspaper delivery workers, do not have to sacrifice food just to keep a roof over their heads.

Govt’s earlier FDI limit of 74% in insurance sector has remained underutilised, Parliament told

In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.

India’s air defence system foiled 1,000 Pakistani drone attacks on 9 May—Modi tells Parliament

New Delhi: India’s air defence systems intercepted and destroyed 1,000 drones and missiles launched by Pakistan on 9 May during Op Sindoor, Prime Minister...

Modi’s Bharat vs Indira’s India: 11-yr report card of politics, diplomacy, economy, nationalism

As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.