Monday, August 10
New Delhi: A $780 million crude purchase contract between BPCL and Brazil’s Petrobras, and a preliminary agreement between Oil India, Numaligarh Refinery and France’s TotalEnergies for sourcing liquefied natural gas (LNG), will be among several deals signed at India Energy Week (IEW) next week, oil minister Hardeep Puri said.Oil markets have remained stable despite global turmoil, Puri said at the IEW curtain-raiser press conference on Friday.“Global energy markets are undergoing a change. Global energy markets are stable in spite of those changes. There was so much of turmoil. Price didn't go below 60. It didn't shoot up,” he said, adding that he did not foresee any shortage of energy.New supplies, especially from the western hemisphere, are helping keep markets stable, he said.
MOSCOW: Russia said it will hold security talks with the U.S. and Ukraine in Abu Dhabi on Friday, but warned after a late-night meeting between President Vladimir Putin and three U.S. envoys that a durable peace would not be possible unless territorial issues were resolved.Kremlin aide Yuri Ushakov told reporters the talks, which began shortly before midnight and lasted some four hours, had been "substantive, constructive and very frank".He said Russian Admiral Igor Kostyukov would head Moscow's team at the three-way security talks, and investment envoy Kirill Dmitriev would meet separately on economic issues with Steve Witkoff, the envoy of President Donald Trump.But while outlining the next steps, Ushakov stopped short of hailing any major breakthrough."Most importantly, duri
President Donald Trump on Thursday said that he would visit China in April and Chinese President Xi Jinping would travel to the United States toward the end of 2026. This comes after US Treasury Secretary Scott Bessent said that Trump and Xi could meet up to four times this year."I look forward to seeing President Xi," Trump told reporters aboard Air Force One, as reported by Reuters. "I've always had a great relationship (with) President Xi of China."Also read: Xi welcomes stream of leaders shaken by Trump’s new world orderThe US president said ties between the world's two largest economies became strained during the COVID pandemic, but had improved significantly since. He added that China was now buying large quantities of U.S. soybeans, which wa
