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Oil notches second weekly gain despite India virus surge | Reuters

Oil notches second weekly gain despite India virus surge | Reuters Oil edged up slightly on Friday even as the COVID-19 crisis in India worsened, and prices notched a second weekly gain against the backdrop of optimism over a global economic recovery.Brent crude futures ended the session at $68.28 a barrel while U.S. West Texas Intermediate (WTI) crude settled at $64.90 a barrel, both up 19 cents, or 0.3%.The two benchmarks rose by more than 1% on the week, their second consecutive weekly gain...
Tags: Travel, Europe, India, United States, Reuters, Reuters Oil, Rupert Neil Bumfrey, OANDA, Edward Moya, COVID


Oil prices set for weekly gain despite India virus surge | Reuters

Oil prices set for weekly gain despite India virus surge | Reuters Oil prices steadied on Friday and were set for a weekly gain against the backdrop of optimism over a global economic recovery, though the COVID-19 crisis in India capped prices.Brent crude futures were up 1 cent at $68.12 a barrel by 0813 GMT and U.S. West Texas Intermediate (WTI) crude eased by 2 cents to $64.69.Both Brent and WTI are on track for second consecutive weekly gains as easing restrictions on movement in the United...
Tags: Travel, Europe, China, India, United States, Brent, Reuters, Reuters Oil, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Oil prices fall 1% on worries of pandemic surge in India | Reuters

Oil prices fall 1% on worries of pandemic surge in India | Reuters Oil prices settled lower on Thursday, reversing early gains under pressure from rising COVID-19 infections in India and elsewhere although prices retained some support from a report a day earlier that U.S. crude inventories fell more sharply than expected.Brent crude oil settled lower by 87 cents, or 1.3%, at $68.09 a barrel. West Texas Intermediate (WTI) U.S. crude futures dropped 92 cents, or 1.4%, to $64.71."When Saudi Arabi...
Tags: Travel, Saudi Arabia, India, Chicago, Reuters, Reuters Oil, Rupert Neil Bumfrey, Phil Flynn, Price Futures Group


Mubadala Keeping Pace With KKR as $29 Billion Deployed Last Year - Bloomberg

Mubadala Keeping Pace With KKR as $29 Billion Deployed Last Year - Bloomberg Mubadala Investment Co. joined global investors like KKR & Co. in pouncing on opportunities presented by the pandemic, embarking on a record dealmaking spree while many of its peers among sovereign wealth funds hunkered down.In a year that saw the worst oil-price crash in a generation, Mubadala delivered a record income for the Abu Dhabi government as it doubled down on a bet that sectors like technology and consumer ...
Tags: Travel, New York, India, Bloomberg, United Arab Emirates, Abu Dhabi, KKR, Kuwait, Uae, Silver Lake, Gulf, State, Reliance Industries Ltd, KKR Co, Khaldoon Al Mubarak, Al Mubarak


The loan must be repaid according to the terms specified in the loan agreement.

The company shall provide ………. security guards to keep ward and watch and protection of the said factory as per the employer’s requirement. The security guards provided by the company will be for twenty-four hours in the shift of 8 hours and shall provide complete security arrangement and protection of the said factory round the clock. 12. In case of any dispute or difference arising between the parties under this agreement, the decision of ……… will be final and binding and the company will not ...
Tags: Travel, Congress, France, China, India, Court, Americas, Uncategorized, Narendra Modi, US, Iran, Taiwan, Britain, United States, Ronald Reagan, United Kingdom


Oil Reaches Seven-Week High With Demand Revival Gaining Traction - Bloomberg

Oil Reaches Seven-Week High With Demand Revival Gaining Traction - Bloomberg PRICES: West Texas Intermediate crude for June delivery rose $1.20 to settle at $65.69 a barrelBrent for July settlement added $1.32 to $68.88 a barrel, posting the largest daily gain since April 14. The contract is at its highest in roughly seven weeks Oil climbed to the highest since the middle of March as reopening efforts and vaccination pushes from the U.S. to Europe underpin hopes for a return to normal d...
Tags: Travel, Asia, Europe, New York, India, Bloomberg, Boris Johnson, Peter McNally, Rupert Neil Bumfrey, Third Bridge


#Saudi Aramco 1% Stake Is a Tough Sell - Bloomberg

Saudi Aramco 1% Stake Is a Tough Sell - Bloomberg Five years after Crown Prince Mohammed Bin Salman ventured that “in 2020 we can live without oil,” he is, once again, hawking Saudi Arabia’s oil champion to raise funds. In a recent, sweeping interview with Arab News, he teased the potential sale of 1% of Saudi Arabian Oil Co., or Saudi Aramco, to a “huge company” in an oil-importing country.Who would pay $19 billion for that sliver of the Saudi dream? The obvious candidates are in Asia, where ...
Tags: Travel, Asia, Saudi Arabia, Russia, India, Bloomberg, Reliance, Reuters, Aramco, Saudi Aramco, Mohammed bin Salman, BP Plc, Reliance Industries Ltd, David Fickling, Saudi Arabian Oil Co, Rupert Neil Bumfrey


Oil Rises to Seven-Week High With Eyes on Budding Demand Revival - Bloomberg

Oil Rises to Seven-Week High With Eyes on Budding Demand Revival - Bloomberg PRICES: West Texas Intermediate crude for June delivery rose $1.15 to $65.64 a barrel at 12:01 p.m. in New YorkBrent for July settlement added $1.24 to $68.80 a barrel Oil advanced amid optimism that the resumption of economic activity in the U.S. and Europe will underpin demand in some of the world’s largest economies.Futures in New York gained as much as 2.1% on Tuesday, reaching the highest intraday level si...
Tags: Travel, Asia, Europe, New York, India, Opec, Bloomberg, Michael Lynch, The European Union, India Brazil, Rupert Neil Bumfrey, Strategic Energy Economic Research, U S New York


Oil dips but U.S., Europe demand growth optimism keep prices supported | Reuters

Oil dips but U.S., Europe demand growth optimism keep prices supported | Reuters Oil prices dipped on Tuesday, reversing gains earlier in the session after more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as COVID-19 cases soar.Brent crude futures fell 7 cents, or 0.1%, to $67.49 a barrel at 0619 GMT, after climbing 1.2% on Monday.U.S. West Texas Intermediate (WTI) crude futures also ticked 6 cents, or 0....
Tags: Travel, Asia, Europe, India, European Union, Reuters, Reuters Oil, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, OANDA, Jeffrey Halley


Oil rises over 1% as demand hopes bolster sentiment | Reuters

Oil rises over 1% as demand hopes bolster sentiment | Reuters Oil rose more than 1% on Monday as Chinese economic figures and U.S. vaccination rates pointed to a strong rebound in demand in the world’s two largest economies.Investors remain wary, however, over record-breaking infection rates in India, the third-largest fuel importer worldwide, along with higher OPEC+ oil supply.Brent crude rose 80 cents, or 1.2%, to settle at $67.56 a barrel. U.S. West Texas Intermediate rose 91 cents, or 1.4%...
Tags: Travel, China, India, Opec, United States, Reuters, Reuters Oil, Rupert Neil Bumfrey, BofA Global Research


HVS Monday Musings: Will EV Charging Stations Be The New Service Offering At Hotels In India? | By Mandeep Lamba & Dipti Mohan

Indian domestic travelers have discovered the pleasures of road trips in the past year and an increasing number of these tourists will be electric vehicle (EV) owners going forward. EVs are considered the 'future of mobility' and are fast gaining popularity in India. As per a recent report, annual sales of EVs in India are expected to increase from 380,000 units in 2019-20 to 6.3 million units by 2027. However, EV owners are still wary of long road trips due to the lack of adequate chargi...
Tags: Travel, India, Dipti Mohan, Mandeep Lamba


Oil slips towards $66 as India offsets demand hopes elsewhere | Reuters

Oil slips towards $66 as India offsets demand hopes elsewhere | Reuters Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over a strong demand rebound in countries including the United States and China.India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world’s third-largest consumer in April.Brent crude fell 35 cents, ...
Tags: Travel, India, Opec, United States, Middle East, Reuters, Reuters Oil, China India, China Europe, Rupert Neil Bumfrey, U S West Texas Intermediate, Naeem Aslam


Iraq Sees Steady Oil Prices and Considers Buying Exxon Stake - Bloomberg

Iraq Sees Steady Oil Prices and Considers Buying Exxon Stake - Bloomberg Iraq, OPEC’s second-biggest oil producer, said crude prices would probably remain around $65 a barrel in the coming months and announced it’s considering buying Exxon Mobil Corp.’s stake in one of the world’s biggest fields.The Organization of Petroleum Exporting Countries and its allies -- a 23-nation grouping known as OPEC+ -- will continue trying to keep crude prices “within normal averages,” Oil Minister Ihsan Abdul J...
Tags: Travel, China, Iraq, India, Opec, Baghdad, Sinopec, Exxon, Exxon Mobil Corp, Organization of Petroleum Exporting Countries, U S company, Abdul Jabbar, West Qurna, Rupert Neil Bumfrey, Basrah Gas Co, Mansuriya


Oil drops towards $66 as India demand concerns weigh | Reuters

Oil drops towards $66 as India demand concerns weigh | Reuters Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States.India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world’s third-largest consumer in April.Brent crude fell 31 cents, or 0.5%, ...
Tags: Travel, China, India, Opec, Reuters, Reuters Oil, Rupert Neil Bumfrey, United States India, Naeem Aslam


Marise Payne denies racism motivated ban on Australian citizens returning from Covid-ravaged India

Foreign affairs minister says ‘temporary pause’ is to alleviate the ‘significant burden’ returning travellers were placing on health systemsForeign affairs minister Marise Payne has defended the government’s decision to ban Australian citizens returning home from India, saying the move was “not in any way” motivated by racism.On Saturday the government announced it will introduce penalties including fines and jail time for anyone who tries to return home from India, with treasurer Josh Frydenber...
Tags: Travel, Health, India, Australia news, Infectious Diseases, Coalition, Australian politics, Josh Frydenberg, Marise Payne, Coronavirus, COVID


Oil Posts April Gain With Focus on Upcoming Demand Revival - Bloomberg

Oil Posts April Gain With Focus on Upcoming Demand Revival - Bloomberg PRICES West Texas Intermediate fell $1.43 to settle at $63.58 a barrel, but rose 2.3% this weekBrent for June settlement, which expires Friday, lost $1.31 to $67.25 a barrel. The contract is up 1.7% this week, and climbed 5.8% for the monthThe more-active July contract declined $1.29 to $66.76 Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies of...
Tags: Travel, Europe, Japan, New York, China, India, Opec, Bloomberg, Goldman Sachs Group Inc, India Brazil, Rupert Neil Bumfrey, Edward Moya, Oanda Corp


India demand fears, weak Japan crude imports knock oil prices | Reuters

India demand fears, weak Japan crude imports knock oil prices | Reuters Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared.U.S. crude and global benchmark Brent logged their biggest daily drops in more than three weeks, but saw monthly gains of near 6% and 8%, respectively. Fuel demand worldwide is mixed, with consumption rising in the United States ...
Tags: Travel, Japan, China, India, United States, Brent, Wti, Reuters, Reuters Oil, Rupert Neil Bumfrey


US to restrict travel from India amid COVID outbreak

By Kaitlan Collins | CNN The Biden administration will restrict travel from India starting on Tuesday, White House press secretary Jen Psaki said Friday. “On the advice of the Centers for Disease Control and Prevention, the Administration will restrict travel from India starting immediately,” she said in a statement. “The policy will be implemented in light of extraordinarily high COVID-19 caseloads and multiple variants circulating in the India.” The administration will issue a 212(f) order res...
Tags: Travel, Politics, News, White House, India, US, Sport, World news, Cnn, Things To Do, Soccer, Airlines, Biden, Jen Psaki, National News, Kaitlan Collins


Oil prices to drift higher despite India demand hiccup | Reuters

Oil prices to drift higher despite India demand hiccup | Reuters Oil prices will inch higher this year as vaccines revive demand and OPEC+ keeps a leash on supply, but the worsening COVID crisis in India and elsewhere poses a roadblock, a Reuters poll showed on Friday.The survey of 49 participants forecast that Brent would average $64.17 in 2021, up from last month’s consensus of $63.12 per barrel and the $62.3 average for the benchmark so far this year. [O/R]This is also the fifth straight up...
Tags: Travel, UK, India, Opec, Ubs, Brazil, Reuters, Reuters Oil, International Energy Agency, Organization of the Petroleum Exporting Countries, DBS Bank, JTC, Europe India, Rupert Neil Bumfrey, Giovanni Staunovo, Marshall Steeves


Oil prices slip from six-week high as India's demand worries weigh | Reuters

Oil prices slip from six-week high as India's demand worries weigh | Reuters Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.Brent crude fell 31 cents, or 0.5%, to $68.25 a barrel by 0630 GMT, the last day’s trading for the front-month June contract. U.S. West Texas Intermediate crude for June was at $64....
Tags: Travel, Japan, China, India, Brazil, Reuters, Reuters Oil, Rupert Neil Bumfrey


Oil climbs to fresh 6-week high on bullish demand | Reuters

Oil climbs to fresh 6-week high on bullish demand | Reuters Oil prices rose to fresh six-week highs on Thursday as strong U.S. economic data, a weak dollar and an expected recovery in demand outweighed concerns about higher COVID-19 cases in Brazil and India.Brent LCOc1 futures rose $1.29, or 1.9%, to settle at $68.56 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.15, or 1.8%, to end at $65.01.That put both benchmarks up for a third day in a row to their highest closes since ...
Tags: Travel, India, United Kingdom, Brazil, Reuters, Reuters Oil, United States China, Rupert Neil Bumfrey, Rystad Energy, COVID, Bjornar Tonhaugen, India Brent


Oil prices rise, bullish demand outlook offsets India concerns | Reuters

Oil prices rise, bullish demand outlook offsets India concerns | Reuters Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts of recovering demand outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan.Brent rose 49 cents, or 0.7%, to $67.76 a barrel by 0843 GMT, and U.S. West Texas Intermediate crude was up 43 cents, or 0.7%, at $64.29 a barrel.This is the third consecutive day that the both contracts are rising."Th...
Tags: Travel, Japan, India, Turkey, Reuters, Reuters Oil, India Japan, Brazil India, Rupert Neil Bumfrey, U S West Texas Intermediate, PVM Oil Associates, Tamas Varga


#Saudi Aramco and India’s Reliance discuss cash and share stake deal | Financial Times

Saudi Aramco and India’s Reliance discuss cash and share stake deal | Financial Times Saudi Arabia has held talks with Mukesh Ambani’s Reliance Industries about a cash and share deal for a stake in the Indian company’s refining and petrochemicals arm, as the world’s largest crude oil exporter seeks to deepen ties with the fastest-growing energy consumer.   Three people familiar with the matter said talks were revived in recent weeks to finalise state energy giant Saudi Aramco’s acquis...
Tags: Travel, Saudi Arabia, India, Reliance, Saudi Aramco, Reliance Industries, Mukesh Ambani, Rupert Neil Bumfrey, Ambani, | Financial Times


Oil rises on optimistic demand outlook; uncertainties remain | Reuters

Oil rises on optimistic demand outlook; uncertainties remain | Reuters Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of COVID-19 infections in India and a bigger-than-expected build in U.S. crude stocks capped gains.Brent crude futures rose 28 cents, or 0.42%, to $66.70 a barrel at 0646 GMT, following a 1.2% gain from Tuesday.U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.46%, to $62.23 a barrel, after gainin...
Tags: Travel, India, Opec, Reuters, Reuters Oil, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Saudis in Talks to Sell Aramco Stake to Global Energy Firm - Bloomberg

Saudis in Talks to Sell Aramco Stake to Global Energy Firm - Bloomberg Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic.The kingdom is looking at the potential sale -- which could be worth about $19 billion, based on the company’s market value -- as a way to lock in customer demand for the country’s crude, Crown Prince Mohammed Bin Sa...
Tags: Travel, India, Bloomberg, Mohammed, Aramco, Saudi Aramco, Mohammed bin Salman, Japan South Korea, Rupert Neil Bumfrey, Bloomberg Saudi Arabia, Global Energy Firm Bloomberg, China Aramco


Oil rises despite OPEC+ sticking to raising output amid India COVID surge | Reuters

Oil rises despite OPEC+ sticking to raising output amid India COVID surge | ReutersOil prices edged higher on Tuesday as OPEC, Russia and their allies will stick to plans to raise output slightly from May 1, suggesting it does not see a lasting impact on demand from India’s coronavirus crisis.OPEC+, as the producer group is known, has also ditched plans to hold a full ministerial meeting on Wednesday, sources said. A technical meeting on Monday had voiced concern about surging COVID-19 cases but...
Tags: Travel, Russia, India, Opec, Reuters, Alexander Novak, Rupert Neil Bumfrey, Rystad Energy, Bjornar Tonhaugen


Oil rises as OPEC+ seen sticking to policy despite India COVID surge | Reuters

Oil rises as OPEC+ seen sticking to policy despite India COVID surge | ReutersOil prices rose on Tuesday as OPEC+ sources said the producer group would stick to existing plans to boost oil output slightly from May 1, suggesting they do not see a lasting impact on demand from India’s coronavirus crisis.The group has also ditched plans to hold a full ministerial meeting on Wednesday, the sources said. A technical meeting on Monday had voiced concern about surging COVID-19 cases but kept its oil de...
Tags: Travel, India, Opec, Reuters, Rupert Neil Bumfrey, Rystad Energy, Bjornar Tonhaugen


OPEC+ Prepares for Meeting Amid Troubling India Covid Virus Surge - Bloomberg

OPEC+ Prepares for Meeting Amid Troubling India Covid Virus Surge - BloombergOPEC and its allies are reviewing their plans to revive oil production, as a robust recovery in global demand was clouded by surging coronavirus infections in India.A panel of ministers that monitors the oil market met online on Tuesday, after bringing forward their discussions by one day. They will determine whether the full OPEC+ meeting scheduled for Wednesday -- which has the power to change output policy -- needs t...
Tags: Travel, India, Opec, Bloomberg, RBC Capital Markets LLC, Rupert Neil Bumfrey, Helima Croft


My comment on a Tweet by Ron Dunn – where is my “political heart”?

Someone sent me this: MY RESPONSE It should be clear to everyone that my heart is in India and I am founder and mentor of India’s only liberal party. But I don’t have voting rights in India and have now been forced to enter politics directly in Australia. My experience of 20+ years in developing […]
Tags: Travel, Australia, India, About Me, Ron Dunn


Oil rebounds to $66 ahead of OPEC+ meeting, India's COVID surge weighs | Reuters

Oil rebounds to $66 ahead of OPEC+ meeting, India's COVID surge weighs | ReutersOil rebounded to $66 a barrel on Tuesday on speculation that a meeting of producer group OPEC+ may tweak oil output policy to address India’s coronavirus crisis that could dent fuel demand.OPEC and allies will hold a monitoring meeting on Tuesday instead of April 28 as planned earlier. A technical meeting on Monday had voiced concern about surging COVID-19 cases, although it kept its 2021 oil demand forecast unchange...
Tags: Travel, India, Opec, Reuters, Rupert Neil Bumfrey, Rystad Energy, COVID, Bjornar Tonhaugen, ReutersOil



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