Donald Trump vs Medvedev: ‘Dead Economies' Jab Sparks Nuclear Warning & ‘Dead Hand' Threat
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Business Standard
26 minutes ago
- Business Standard
Opec+ countries to boost oil production by 547,000 barrels per day
A group of countries that are part of the Opec+ alliance of oil-exporting countries has agreed to boost oil production, a move some believe could lower oil and gasoline prices, citing a steady global economic outlook and low oil inventories. The group met virtually on Sunday and announced that eight of its member countries would increase oil production by 547,000 barrels per day in September. The countries boosting output, including Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, had been participating in voluntary production cuts, initially made in November 2023, which were scheduled to be phased out by September 2026. The announcement means the voluntary production cuts will end ahead of schedule. The move follows an Opec+ decision in July to boost production by 548,000 barrels per day in August. Opec said the production adjustments may be paused or reversed as market conditions evolve. When production increases, oil and gasoline prices may fall. But Brent crude oil, which is considered a global benchmark, has been trading near $70 per barrel, which could be due to a potential loss of Russian oil on the market and a large rise in crude inventories in China, according to research firm Clearview Energy Partners. President Trump has not obviously relented from his threat to sanction Russian energy if the Kremlin does not reach a peace deal with Ukraine as of August 7, potentially via secondary tariffs on buyers, Clearview Energy Partners said in an analyst note Sunday. The eight countries will meet again on September 7, Opec said in a news release.
Time of India
an hour ago
- Time of India
Morne Morkel hails Mohammed Siraj, reflects on Day 4 twist and rain delay
Trump Breaks Silence on India & Russia's Oil 'Breakup' | 'New Delhi May Stop…' 'I heard India may stop buying Russian oil,' said US President Donald Trump, calling it a 'good step.' But reports say Indian refiners are still sourcing discounted Russian crude. As U.S. pressure mounts, New Delhi defends its ties with Moscow as 'steady and time-tested,' while balancing key strategic relations with Washington. Will India bow to American pressure or stick with its long-time energy partner? 29.0K views | 1 day ago
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First Post
an hour ago
- First Post
Republicans jostle for post-Trump future, Democrats still soul-searching as prep begins for 2028 presidential elections
Kamala Harris has offered her clearest signal yet that she may seek higher office, even as Democrats continue searching for their lost identity. Meanwhile, Republican hopefuls face the challenge of building their profiles while staying onside with Donald Trump read more A member of the media uses phone as a screen displays the presidential debate, as Republican presidential nominee, former US President Donald Trump and Democratic presidential nominee, US Vice President Kamala Harris attend a presidential debate hosted by ABC in Philadelphia, Pennsylvania, US, September 10, 2024. File Image/Reuters Former vice-president Kamala Harris has ruled out a bid for California governor in 2026 but offered her clearest signal yet that she may seek higher office. Speaking on The Late Show with Stephen Colbert on Wednesday (July 31), Harris said she planned to 'travel the country' and 'listen to people' without 'asking for their vote', remarks that fuelled speculation about a third presidential run in 2028. Harris remains one of the best-known potential Democratic contenders, bolstered by a strong donor network and name recognition from her time as vice-president. Yet strategists warn that the nomination will be far from guaranteed. Party operatives predict 'a contested primary' with a large field that is already beginning to take shape. STORY CONTINUES BELOW THIS AD The Democrats making early moves Several figures in the party are raising their profiles ahead of the next election cycle. Illinois governor JB Pritzker recently delivered a high-profile speech in New Hampshire, while Arizona senator Ruben Gallego has scheduled events in the state later this month. California governor Gavin Newsom, Kentucky governor Andy Beshear and congressman Ro Khanna have all toured early-voting states. Former transportation secretary Pete Buttigieg and Maryland governor Wes Moore have also been active, turning to podcasts and policy discussions to appeal to the Democratic base. Some potential contenders, such as Khanna and congresswoman Alexandria Ocasio-Cortez, have already built up significant campaign funds that could be transferred to a presidential run. The field is expected to be ideologically diverse, stretching from centrists such as former Chicago mayor Rahm Emanuel to progressives including Khanna, who was among the earliest lawmakers to call for a ceasefire during the Biden administration. Party strategists believe debates over foreign policy, the cost of living and left-wing populist energy will define the race. 'It's gonna be messy and personal … but I think it's going to help us shape as a party, what we believe,' said Amanda Litman, a former staffer on the Obama and Clinton campaigns. How Republicans are preparing for 2028 On the other side of the political divide, Republican hopefuls face the challenge of building their profiles while staying onside with Donald Trump, whose grip on the GOP base remains strong. Trump frequently jokes about seeking a third term despite constitutional limits, making it risky for would-be successors to appear disloyal. Vice-president JD Vance is widely regarded as Trump's political heir, but other figures are manoeuvring for position. Secretary of state Marco Rubio, Florida governor Ron DeSantis, Texas governor Greg Abbott and Virginia governor Glenn Youngkin are seen as likely contenders. Rubio's 2016 presidential bid gives him a measure of national recognition, while DeSantis has repaired relations with Trump after a fraught 2024 campaign. STORY CONTINUES BELOW THIS AD Governors such as Youngkin, Arkansas governor Sarah Huckabee Sanders and Georgia governor Brian Kemp could appeal as leaders with independent records. Several senators – including Tim Scott, Rand Paul, Rick Scott, Josh Hawley and Tom Cotton – are also potential candidates, though they may struggle to shed the image of being tied to Washington politics. The Republican primary calendar is expected to remain unchanged, starting with Iowa, New Hampshire, South Carolina and Nevada. Youngkin, Sanders, Paul and Rick Scott have already begun visiting early primary states. While Vance holds a strong initial position, analysts note that voters in these states are also interested in Rubio and others who have remained loyal to Trump without being as closely identified with him. Whether Trump critics such as Nikki Haley can mount a credible challenge may hinge on the former president's popularity and Republican fortunes in the midterms. If Trump's second term is marred by electoral setbacks or controversy, candidates could gain space to distance themselves as they look ahead to 2028. STORY CONTINUES BELOW THIS AD
