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Crude oil: Opec+ to raise production by 137,000 bpd from November; group stays cautious amid supply glut fears

Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their oil production quotas by 137,000 barrels per day (bpd) for November, continuing efforts to reclaim market share amid cautious demand projections, AFP reported.“In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low…

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‘US tariffs over Russian oil unfair’: EAM Jaishankar stands ground, says ‘issues need to be resolved’

NEW DELHI: External affairs minister S Jaishankar on Sunday reiterated that the United States’ decision to impose tariffs on New Delhi is “unfair.” He also criticised the decision to penalise India for buying Russian oil, pointing out that European countries are also sourcing energy from Russia despite having adversarial relations with Moscow.While addressing the Kautilya…

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Alternatives to Russia oil: India’s Reliance, Nayara ramp up supplies to Brazil, Turkey, UAE; plug in shortages as Russian refineries hit

The majority of Indian exports to Brazil and Turkey originated from Reliance, with Nayara providing a smaller portion. (AI image) With Russia’s oil refineries being damaged by Ukraine attacks, India’s oil companies are plugging in the resulting shortages in the global oil markets. India has moved to fill fuel supply gaps in Russia’s primary markets…

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India’s oil market: Why state-owned refineries are cutting Russian crude while private firms step up?

India’s oil market is seeing a mixed approach as state-owned and private refiners take contrasting strategies on Russian crude.State-run companies have cut back sharply while private refiners continue to take in supplies. In September, they imported an average of 605,000 barrels per day (bpd), 32% below their April–August average, 22% lower than August, and 45%…

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This common cooking oil linked to raising heart disease risk; know its side effects |

Coconut oil has become a household name, often marketed as a “superfood” and a natural alternative to processed fats. From coffee blends to stir-fries, health enthusiasts have embraced it for perceived benefits such as weight management, immune support, and improved heart health.However, emerging research and expert advice indicate that coconut oil may not be as…

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S&P Global warns! Taking out Russian oil would turn price dynamics ‘upside down’; Trump tariffs driving India to economic independence

As the world’s third-largest oil supplier, Russia’s position is significant. (AI image) Taking Russian oil out of the global market would turn the price dynamic ‘upside down’, says S&P Global Commodity Insights co-president Dave Ernsberger. Geopolitical factors are expected to continue influencing oil markets in the coming year, with a complex relationship between policies and…

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‘India has self-respect’: Russia on Delhi’s response over US oil pressure; ‘no threat’ to ties

Russia has firmly backed India’s stance on continuing Russian oil purchases despite US pressure, praising the nation’s “self-respect” and affirming that there is “no threat” to the long-standing New Delhi-Moscow partnership.Russian foreign minister Sergey Lavrov, addressing the media after speaking at the UN General Assembly on Saturday, underlined that India’s ties with the US or…

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