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Saudi-Indian bromance: What next?

'We began foolishly bragging about Saudi-Emirati investment plans as indicative of the sheikhs 'distancing' from Pakistan, including on Kashmir,' notes Ambassador M K Bhadrakumar. IMAGE: Prime......

Why Jamal Khashoggi's death matters

'A 2018 murder may lead to shifts in the geopolitical order and impact at least one monarchy,' says Devangshu Datta. IMAGE: A protest outside the Saudi consulate in Istanbul where journalist Jamal......

Surge of Saudi nationalism hurts US

'The surge of Saudi nationalism is the last thing Washington wants,' says Ambassador M K Bhadrakumar. IMAGE: President Donald Trump, flanked by White House Senior Advisor Jared Kushner, second......

A warrior prince rises in Arabia

The Middle East's power house is about to get a new ruler who is only 31 and he may lead Saudi Arabia for decades, says Ambassador M K Bhadrakumar. IMAGE: Crown Prince Mohammed bin Salman, right,......

Trump likely to pick Exxon Mobil CEO as his Secretary of State

United States President-elect Donald Trump is likely to pick Exxon Mobil Corp CEO Rex Tillerson as his Secretary of State, according to media reports which said his nomination could face intense......

'India remains investment destination'

'Rising Covid cases and localised lockdowns are being closely monitored.' Illustration: Uttam Ghosh/Rediff.com The markets have entered FY22 after a stellar run in the year gone by. Abhinav......

India to buy one-third less oil from Saudi Arabia

Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the......

Diesel at 100!!!

'The question often being asked is whether the demand for petrol and diesel is price inelastic?' asks Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum. *Photograph:......

Petrol price anomaly can be addressed under GST: Sitharaman

Amid an outcry over record high petrol and diesel prices, Union Finance Minister Nirmala Sitharaman on Saturday said the Centre and state governments will have to together work out a mechanism to......

Explained: Why are fuel prices rising in India?

The oil crisis could not have come at a worse time for the Modi government as its tax collection has fallen short of its 2020-2021 target by Rs 5.2 lakh crore. IMAGE: Congress workers pulli a car......

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OPEC pins oil demand hopes on second-half recovery as India dents Q2

The report's optimism comes even as it warns of "significant uncertainties," mainly around the pandemic, and as concern about India weighs on oil... ...

https://economictimes.indiatimes.com/markets/commodities/news/opec-pins-oil-demand-hopes-on-second-half-recovery-as-india-dents-q2/articleshow/82550060.cms

Sources

The OPEC kingpin started easing supply cuts to buyers in May as OPEC, Russia and their allies, a group known as OPEC+, stuck to plans for a phased... ...

https://economictimes.indiatimes.com/news/international/saudi-arabia/saudi-to-supply-full-crude-volumes-to-at-least-4-asia-buyers-in-june-sources/articleshow/82542177.cms

G7 scolds China and Russia over threats, bullying

The Group of Seven scolded both China and Russia on Wednesday, casting the Kremlin as malicious and Beijing as a bully, but beyond words there were... ...

https://economictimes.indiatimes.com/news/international/world-news/g7-scolds-china-and-russia-over-threats-bullying-rights-abuses/articleshow/82415480.cms

'Opec's share of Indian oil imports plunges to two-decade low'

Opec's share of India's oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia's third... ...

https://timesofindia.indiatimes.com/business/india-business/opecs-share-of-indian-oil-imports-plunges-to-two-decade-low-report/articleshow/82368806.cms

Russian oil output rises two percent in April following previous month's OPEC+ deal

Under a deal agreed by the OPEC+ group of leading oil producers in March, Russia's production quota was allowed to increase by 130,000 bpd from... ...

https://economictimes.indiatimes.com/news/international/business/russian-oil-output-rises-two-percent-in-april-following-previous-months-opec-deal/articleshow/82353010.cms

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