india uk fta – The News Desk

The OPEC+ coalition’s grip on global oil markets is looking less secure by the day.Crude traders have shrugged off the Nov. 30 pledge from Saudi Arabia and its allies to slash supplies by a further 900,000 barrels a day, remaining skeptical of its implementation. Despite the group’s multiple attempts to shore up sentiment in the past week, prices have crashed 11% to a five-month low.Some of the most powerful figures in the oil world such as Saudi Arabia’s energy chief and Russia’s deputy prime minister have issued public assurances that the supply curbs could be extended beyond March. President Vladimir Putin made a rare visit to Riyadh and Abu Dhabi in a show of oil producers’ unity. All to no avail. Traders are doubtful that the Organization of Petroleum Exporting Countries and its alli...

Officials from India and the United Kingdom (UK) are working overtime to address the contentious issues related to the proposed free trade agreement (FTA) between the two nations, in a final push to conclude the deal by the year-end. Commerce Secretary Sunil Barthwal was headed to London on Thursday after completing his four-day visit to Brazil. Other key officials from India’s negotiating team will be joining Barthwal in the UK capital, hoping to make headway in the FTA negotiations, which started in January last year, a person aware of the matter told Business Standard. Thirteen rounds of negotiations have been completed so far. The previous round commenced on September 18. In addition, discussions on some of the issues are also ongoing virtually between both...

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India-UK FTA: How OPEC+ saw its hold on global oil markets fray despite extra production cuts

Commerce secy, team in London to push deal