(PTI) Leaders of the OPEC cartel are meeting virtually to decide, once again, how much oil their members should produce as lockdowns related to the coronavirus continue to stifle demand for crude. They’re expected to extend production cuts well into the new year, in an effort to boost volatile oil prices. The OPEC nations, led by Saudi Arabia, will be meeting Monday.The group has to reach agreement among its member countries and the additional members in the group known as OPEC Plus, which is led by Russia. Members of the OPEC Plus group will meet Tuesday. It’s tricky to predict how…
Author: Aruna Sharma
(PTI) Delhi’s air quality turned very poor on Monday and is predicted to deteriorate further with calm winds and low temperature allowing accumulation of pollutants. The city’s air quality index (AQI) was 307. The 24-hour average AQI was 268 on Sunday. It was 231 on Saturday, 137 on Friday, 302 on Thursday and 413 on Wednesday. An AQI between zero and 50 is considered “good”, 51 and 100 “satisfactory”, 101 and 200 “moderate”, 201 and 300 “poor”, 301 and 400 “very poor”, and 401 and 500 “severe”. The winds were calm at night time. During the day, the maximum wind speed is…
(PTI) India’s COVID-19 caseload rose to 94.62 lakh with 31,118 new infections being reported in a day, while the recoveries surged to 88,89,585, according to the Union Health Ministry’s data updated on Tuesday. The death toll climbed to 1,37,621 after 482 more fatalities were recorded, the data updated at 8 am showed. The number of new COVID-19 cases reported in the country in a span of 24 hours dropped below 35,000 for the third time this month. The total number of people who have recuperated from the disease surged to 88,89,585, pushing the national recovery rate to 93.94 per cent. The…
(LiveMint) Prime Minister Narendra Modi on Tuesday spoke to US President-elect Joe Biden and reiterated India’s commitment to the strategic partnership between the two countries. Climate change, Covid-19 pandemic and cooperation in the Indo-Pacific were the other issues that came up during the conversation. “Spoke to US President-elect Joe Biden on phone to congratulate him. We reiterated our firm commitment to Indo-US strategic partnership & discussed our shared priorities & concerns – Covid-19, climate change, & cooperation in the Indo-Pacific Region,” Modi said in a Twitter post. “I also conveyed warm congratulations for VP-elect @KamalaHarris. Her success is a matter…
(Hindustan) दिल्ली से नोएडा की ओर आने और जाने वालों की कोरोना जांच करने के निर्देश नोएडा जिला प्रशासन ने दिए हैं। इसके लिए डीएनडी बॉर्डर, चिला बॉर्डर और मेट्रो स्टेशनों पर स्वास्थ्य विभाग तथा पुलिस की टीमें तैनात रहेंगी, जो किसी भी व्यक्ति को रोक कर आकस्मिक रूप से उसकी कोरोना जांच करेंगी और इन कोरोना जांच की रिपोर्ट के आधार पर ही आगे की रणनीति तय की जाएगी। हालांकि बॉर्डर को फिर से सील करने की संभावना से जिला प्रशासन अभी इंकार कर रहा है। दिल्ली में कोरोना संक्रमण के केस लगातार बढ़ने के बाद गौतमबुद्धनगर जिला प्रशासन…
(ET) India’s oil minister Dharmendra Pradhan asked exploration companies to consider farming out their acreages to global players with advanced technology to expedite development and raise oil and gas output. India, the world’s third biggest oil importer and consumer, depends on foreign purchases for over 80% of its oil needs. The nation’s oil and gas output has been stagnant for years, forcing it to raise reliance on imports to meet rising fuel demand. “The government will grant petroleum mining lease rights but the companies should consider a farm-out (of a stake) to get global technology players,” Pradhan said in Hindi.
(PTI) The World Health Organisation (WHO) has praised the Uttar Pradesh government for its COVID-19 management strategy terming it as a good example for other states to follow, an official statement said here on Tuesday. “The UP government’s strategic response to COVID-19 by stepping up contact tracing efforts is exemplary and can serve as a good example for other states,” Roderico Ofrin, WHO Country Representative, said in a statement issued here by the state government. The global health body appreciated the efforts made by Chief Minister Yogi Adityanath and his government for the management of COVID-19, especially in tracking high-risk…
(PTI) India’s COVID-19 caseload went past 89 lakh, while the number of people who have recuperated from the disease crossed 83 lakh pushing the national recovery rate to 93.52 per cent, according to the Union Health Ministry data updated on Wednesday. The total coronavirus cases mounted to 89,12,907 with 38,617 infections being reported in a day while the death toll climbed to 1,30,993 with 474 new fatalities, the data updated at 8 am showed. The number of active cases remained below 5 lakh for the eighth consecutive day.There are 4,46,805 active cases of coronavirus infection in the country as on date…
(PTI) State-owned Oil and Natural Gas Corp (ONGC) on Tuesday signed contracts for seven oil and gas blocks it had won in the latest bid round that saw scant participation from the private sector. Oil India Ltd signed up for the remaining four blocks awarded under the fifth bid round of Open Acreage Licensing Policy (OLAP). Speaking at the signing ceremony, Oil Minister Dharmendra Pradhan said with the latest bid round, the government has in the last four years awarded 1.56 lakh square kilometre of acreage for finding and producing oil and gas.
(ET) Anil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the government is seeking to privatize. Government sources told that Vedanta is among the “multiple suitors” for the oil marketing company. The names of the two funds were not immediately known. The government and transaction advisor Deloitte have so far not disclosed names of the entities that have evinced interest. The deadline for submitting an expression of interest ended Monday evening. Several top oil companies have stayed out of the race. Vedanta, which had focused on the metals space, expanded into energy through the acquisition of…