OPEC+ raises August output by 188,000 bpd to ease global crude supply crunch

·3 views

OPEC+ has approved a production increase of 188,000 barrels per day for August as part of a gradual rollback of earlier output cuts. The move is aimed at improving global crude availability and relieving price pressure on oil-importing countries, including India. Global benchmark Brent crude has been trending toward pre-conflict price levels amid the supply adjustments. Domestic oil companies expect to soon reach break-even on petrol and diesel sales, though liquefied petroleum gas for cooking continues to be sold at a loss.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Indonesia to adopt India's digital public infrastructure model beyond UPI

Indonesia is moving to integrate with India's Unified Payments Interface (UPI) while also seeking to build its own broader digital ecosystem inspired by India's public infrastructure model. The collaboration extends beyond cross-border payments to include areas such as digital identity, e-commerce, and public service delivery. The partnership was highlighted during Prime Minister Narendra Modi's visit to Indonesia. Beyond digital cooperation, the two nations are also strengthening ties in food security, healthcare, and defence, signalling a deepening of bilateral relations.

0 comments Read more at Times of India

IndiaTimes of India ·

15 of 20 Fertiliser Ships Clear Strait of Hormuz, Easing India Supply Concerns

India's fertiliser supply outlook has improved significantly after 15 of 20 stranded cargo ships successfully passed through the Strait of Hormuz. The development comes at a critical time, ensuring adequate stock availability ahead of the kharif farming season. Domestic urea production has also exceeded targets for three consecutive months, further bolstering supply. The Indian government's efforts to secure alternative shipping routes and build international partnerships have played a key role in stabilising fertiliser availability for farmers.

0 comments Read more at Times of India

IndiaTimes of India ·

NSO Survey: Childcare and Housework Keep 69% of Urban Women Out of Workforce

A National Statistics Office survey has found that nearly 69% of women in India's major cities are kept out of the workforce due to childcare and household responsibilities. The findings highlight a deep-rooted gender disparity in caregiving roles within urban areas. Women in these cities also earn around 23% less than their male counterparts, pointing to a significant wage gap. However, the quality of employment for women in large cities is comparatively better than in smaller towns. The survey also noted that female labor force participation varies considerably across different urban centers.

0 comments Read more at Times of India

IndiaTimes of India ·

India Orders Meta to Remove Child Abuse Ads on Instagram Immediately

The Indian government has issued a strict directive to Meta demanding the immediate takedown of paid advertisements on Instagram that promote child sexual abuse material. Authorities have given the company a seven-day deadline to explain how such advertisements were allowed to appear on the platform. The government has also asked Meta to detail the safeguards it plans to put in place to prevent similar violations in the future. The action was triggered by reports that Instagram ads were being used to redirect users to illegal content.

0 comments Read more at Times of India