OPEC expects oil demand recovery to continue in 2021

Accelerating vaccination programmes across countries and rising fuel demand is expected to boost global oil demand by nearly 6 million barrel per day (bpd) this year despite the latest Covid-19 surge in India, a key importer, OPEC has said in its latest monthly demand outlook report. World oil demand is set to average 96.5 million […]

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Burgeoning Covid cases leads to diversion of LNG cargoes from India as demand dampens

Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases are hampering domestic gas demand, according to trade and shipping sources.Six LNG tankers diverted away from India since April 20, changing the destination to northeast Asia, Europe and Kuwait instead, reports Reuters.  Further diversions and reduction in shipments to India are expected this week, trade […]

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COMMENT – Genome editing offers new ray of hope to tackle malnutrition

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Plant-based diets have been recommended for better planetary health also as it would be more sustainable with lower environmental impacts and improving food and nutritional security of the generations. There is an urgent need to transform current diets for improving health of the population and to achieve equity in benefits at social, economic and environmental […]

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COMMENT – India’s export challenges: container shipment angst

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The principal mode for transport for dry, non-bulk cargoes is containers, transported by dedicated Container-ships. Containers carry around 90 percent of the world’s non-bulk cargo. They are usually of a standard size, either 20-foot or 40-foot containers. This helps not only in standardizing shipping requirements and optimizing freight costs but also in unloading to various […]

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Global commodity prices seen stabilising after early 2021 gains, supported by economic recovery, says World Bank

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Commodity prices continued their recovery in the first quarter of 2021 and are expected to remain close to current levels throughout the year, lifted by the global economic rebound and improved growth prospects, according to the World Bank’s semi-annual Commodity Markets Outlook. However, the outlook is heavily dependent on progress in containing the COVID-19 pandemic as […]

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Growth-oriented govt agenda seen driving India’s steel demand up nearly 20% in 2021, says worldsteel

India’s steel demand fell by 13.7% in 2020, but is expected to rebound by 19.8% in 2021 driven by the growth-oriented government agenda even as private investment takes longer to recover, worldsteel said in its latest short range outlook released on Thursday, India suffered severely from last year’s extended period of severe lockdown, which brought most […]

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Stronger global economic recovery seen one year into pandemic, but future still daunting, says IMF

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The International Monetary Fund (IMF) projected a stronger recovery for the global economy in its latest World Economic Outlook, but said the future was still daunting as the world still faces extreme social and economic strain one year into the Covid-19 pandemic. “We are now projecting a stronger recovery for the global economy compared with our […]

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