According to Refinitiv Eikon data, Iranian exports of crude oil have declined to 1.33 million bpd, a sharp contrast to April's 2.5 million bpd, before the U.S. withdrew from the Iranian accord amidst harsh criticism, and USA pressure on allies to cease purchases of Iranian-sourced crude appear to be working, dragging oil prices steadily higher on the higher timeframes.
Finance Minister Arun Jaitley, PetroleumDharmendra Pradhan, Vice-Chairman NITI Aayog Rajiv Kumar and senior officials from the government and Niti Aayog were also present. The hike has nearly wiped out the Rs 2.50 cut made by the government last week.
The meeting assumes significance as the USA sanction against Iran kicks-in on November 4 and India is dependent on imports for more than 80 per cent of its oil requirement.
Modi sought greater participation of private companies in the distribution of the gas sector. But the plan could not go through in view of strong opposition from Oil and Natural Gas Corp (ONGC).
Amid a non-stop rise in petrol and diesel prices Prime Minister Narendra Modi on Monday asked foreign oil companies to ease payment terms and channel their investible surplus into commercial exploitation in the developing countries. Modi also spoke about the various policy initiatives and developmental measures undertaken by government in the sector.
India, the world's third-biggest oil consumer, meets more than 80 per cent of its oil needs through imports.
The Prime Minister in 2015 had set a target of reducing India's oil dependence by 10 per cent to 67 per cent (based on import dependence of 77 per cent in 2014-15) by 2022.
Oil prices have reached four-year peaks as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year's largest weekly build in U.S. crude stockpiles. Import dependence has only increased since then and the government is now looking for ways to raise domestic output.
Australia mounted a desperate late attack with two tries in the closing five minutes before running out of time. New Zealand trailed 12-8 at the break despite dominating possession and territory in the opening period.
Khashoggi meets Hatice Cengiz, a 36-year-old Turkish Ph.D. student, at a conference in Istanbul and she soon becomes his fiancée. Alhadj noted that "even though we don't know for sure, with concrete evidence, what happened, it's not unprecedented".
Granit Xhaka has paid tribute to Arsenal boss Unai Emery and feels the Spaniard has already improved him as a player. Manchester United are set to make a third move for Liverpool target, and Arsenal midfielder, Aaron Ramsey.
Citing concerns about the pact's economic impact, Trump said in 2017 that the USA will leave the Paris climate accord . It sparked speculation that the former reality television star still believed climate change was invented.
The Fed pays close attention to how financial markets react to its rate hikes, and equally watches the economic data. Three have PhDs in economics and three have law degrees. "The problem I have is with the Fed", he said .
She said Mr Khashoggi was required to surrender his mobile phone, which is standard practice in some diplomatic missions. She accused Saudi Arabia of "state terrorism" and called on the worldwide community to take action against the kingdom.
Steelers still haven’t heard from Le’Veon Bell
However, according to ESPN's Adam Schefter , the Steelers have yet to hear anything from their Pro Bowl running back. Bell could report during that time, and be paid for this week as well, but the Steelers remain in wait-and-see mode.
Australia May Move Embassy in Israel to Jerusalem
Mr Morrison said he spoke to Joko Widodo overnight as part of the countries' management of the relationship. The former government headed by PM Malcolm Turnbull rejected relocating the country's embassy to Jerusalem.
Air hostess falls out of Indian plane, suffers injuries
IndiGo has been facing problems with the Pratt & Whitney engines powering its A320 neo aircraft, Sputnik reported last week. He said there were 136 persons on the flight (127 passengers including three infants and six crew members).
Prince Harry, Meghan expecting child in spring
Awarded posthumously for his bravery, Mrs Dunne had it pinned to her chest. "He said, "That's what attracted me over here". Mrs Dunne said it was "marvellous" to meet the pair. "Enjoy the rest of the day". "I think it could possibly be a girl".
White Woman Calls 911, Says Black Boy Groped Her
She has since returned to the store to review the CCTV footage. "Are you seriously calling the police?" says a female passerby. Klein was confronted with security-camera footage on Friday showing that the boy's backpack had brushed against her.