Latest news with #PankajSrivastava
South China Morning Post
2 days ago
- Business
- South China Morning Post
Will oil prices fall despite Trump's tariff threat over Russian supply?
The broad Opec+ group, comprising oil-producing nations taking part in initiatives by the Organisation of Petroleum Exporting Countries , agreed on Sunday to raise production by 547,000 barrels per day for September. Concerns have mounted over potential supply disruptions linked to Russia, marking a reversal of the bloc's earlier policy of output cuts. Trump had set a Friday deadline for Russia to agree to a ceasefire with Ukraine , with India, China and Turkey among the most exposed to the US threat of tariffs on the biggest importers of Russian oil. On Wednesday, Trump signed an executive order to double tariffs on Indian exports to 50 per cent over Delhi's purchases of Russian crude oil. The new duties are set to take effect in 21 days from Wednesday, which allows room for negotiations between Delhi and Washington, according to analysts. A drop in Russian supplies could be expected, but the extent would depend upon any deals between the US and countries like India, China and Turkey, said Pankaj Srivastava, senior vice-president for commodities markets (oil) at Rystad Energy.
Time of India
16-07-2025
- Business
- Time of India
New plants, US trade worries to drive China's 2025 naphtha imports to record
China's naphtha imports will hit record levels this year as new plants and caution over US propane and ethane purchases will drive demand and support refiners' margins for the petrochemical feedstock , analysts and traders said. Cracker operators in the world's largest petrochemical producer, which pivoted in recent years to cheaper US propane and ethane feedstock, are switching some demand back to naphtha after being ensnared in the US-China trade war that disrupted their US supplies, the sources said. The need to diversify supplies and to meet demand from new plants will drive naphtha imports to an all-time high of 16 million to 17 million metric tons (144 million to 153 million barrels) this year, consultancies Rystad Energy and FGE said. JLC pegs 2025 imports at about 15 million tons. China imported about 12 million tons in 2024, official data showed. "With issues in imports of ethane and propane , there is a trust factor that has come into play when it comes to US cargoes," said Pankaj Srivastava, senior vice president, commodity markets at Rystad Energy. "Naphtha, on the other hand, is independent of these concerns because suppliers are varied." A total of 4 million tons per year (tpy) of ethylene capacity is slated to come online in China by end-2025, aiding import demand, and this will increase to about 6 million tpy by first half of 2026, he added. The International Energy Agency (IEA) said in its July report that China's naphtha demand is expected to rise by about 6 per cent in 2025 and by 8.6 per cent in 2026, significantly outpacing the combined growth of propane and ethane, which is projected at just 2.3 per cent in 2025 and 1.3 per cent in 2026. Following the disruption in U.S. supply, China issued a second batch of 2025 naphtha import quotas in June totalling nearly 24 million tons, nearly doubling last year's allocations. China imported nearly 6 million tons of naphtha between January and May, up 22.81 per cent on-year and the highest level since 2015, government data showed, with Russia, the United Arab Emirates and South Korea the biggest suppliers. This compares with a 6 per cent on-year rise in propane imports to 12.3 million tons in the first five months, while ethane imports were flat at 2.3 million tons in the same period, government data showed. China's liquefied petroleum gas (LPG) imports, which include propane, are likely to stay lower in the third quarter amid cautious buying of US cargoes, Energy Aspects said in a July 4 note. The robust naphtha demand is expected to underpin Asian refiners' margins, analysts said. Naphtha margins have risen about 4 per cent this month to $73.30 over Brent crude on hopes of healthy feedstock demand from China. "Increased pull from China will provide support to (naphtha) cracks towards the middle of third quarter to fourth quarter," Rystad's Srivastava said.
India Gazette
14-06-2025
- Politics
- India Gazette
MP: Four naxalites, including three women, killed in Balaghat encounter
Balaghat (Madhya Pradesh) [India], June 14 (ANI): Security forces gunned down four Naxalites, including three women, in an encounter which took place in the hilly area of Pachama Dadar in Madhya Pradesh's Balaghat district, police said on Saturday. Security forces also recovered a hand grenade, a rocket launcher, a 315 rifle and cartridges, Special DG Naxal, Pankaj Srivastava told ANI over the phone. 'Four Naxalites, including three women, have been neutralised in an encounter which took place in the hilly area of Pachama Dadar of Bithli police station. A hand grenade, a rocket launcher, a 315 rifle and cartridges have been recovered,' Special DG Naxal told ANI. Some Naxalites succeeded in escaping from the encounter site. The search operations for them are underway. Additionally, Madhya Pradesh Chief Minister Mohan Yadav also confirmed the development, calling it a part of the state's continuing mission to eliminate Naxalism by March 2026. 'Under the guidance of Prime Minister Modi and Home Minister Amit Shah, Madhya Pradesh is continuously working towards our resolve to end Naxalism by March 2026. 4 Naxalites have been killed in the encounter in Balaghat today, including 3 women and a man. Many weapons and ammunition, including rocket launcher, have been recovered from them,' Yadav said. MP CM Yadav said that the government will reward the personnel for their success in the incident. 'The Madhya Pradesh government will definitely reward the policemen who brought good results in this incident,' Yadav said. Earlier, Security forces neutralised two Naxals in an encounter in the forest area under Kukanar Police Station area of Chhattisgarh's Sukma district, police said. According to Sukma Superintendent of Police Kiran Chavan, automatic weapons were also recovered from the spot. (ANI)
India.com
14-06-2025
- Politics
- India.com
MP: Four Naxalites, Including Three Women, Killed In Balaghat Encounter
Security forces gunned down four Naxalites, including three women, in an encounter which took place in the hilly area of Pachama Dadar in Madhya Pradesh's Balaghat district, police said on Saturday. Security forces also recovered a hand grenade, a rocket launcher, a 315 rifle and cartridges, Special DG Naxal, Pankaj Srivastava told ANI over the phone. "Four Naxalites, including three women, have been neutralised in an encounter which took place in the hilly area of Pachama Dadar of Bithli police station. A hand grenade, a rocket launcher, a 315 rifle and cartridges have been recovered," Special DG Naxal told ANI. Some Naxalites succeeded in escaping from the encounter site. The search operations for them are underway. Additionally, Madhya Pradesh Chief Minister Mohan Yadav also confirmed the development, calling it a part of the state's continuing mission to eliminate Naxalism by March 2026. "Under the guidance of Prime Minister Modi and Home Minister Amit Shah, Madhya Pradesh is continuously working towards our resolve to end Naxalism by March 2026. 4 Naxalites have been killed in the encounter in Balaghat today, including 3 women and a man. Many weapons and ammunition, including rocket launcher, have been recovered from them," Yadav said. MP CM Yadav said that the government will reward the personnel for their success in the incident. "The Madhya Pradesh government will definitely reward the policemen who brought good results in this incident," Yadav said. Earlier, Security forces neutralised two Naxals in an encounter in the forest area under Kukanar Police Station area of Chhattisgarh's Sukma district, police said. According to Sukma Superintendent of Police Kiran Chavan, automatic weapons were also recovered from the spot.
Time of India
01-06-2025
- Health
- Time of India
Gorakhpur dist jail inmates get open gym facility
1 2 3 Gorakhpur: To promote physical fitness and mental well-being among inmates, an open gym was inaugurated at the Gorakhpur District Jail recently. The facility was launched under the government guidelines and aligns with the wellness goals outlined by the Uttar Pradesh State Legal Services Authority (UPSLSA), Lucknow, said Jailer AK Kushwaha on Sunday. The gym was formally inaugurated by Additional District Judge and secretary, District Legal Services Authority (DLSA), Pankaj Srivastava. Officials present at the event underscored the significance of regular exercise and yoga in maintaining a healthy lifestyle. The jailer said that of the 2,000 inmates currently lodged in the jail, around 1,000 will be able to use the open gym facility. The remaining inmates are either elderly, unwell, or housed under high-security restrictions. A roster is being prepared to schedule exercise slots for inmates during morning and evening hours. On the inaugural day, 100 inmates participated in yoga sessions at the open gym. While there are 100 women inmates in the facility, they are currently unable to access the gym due to the absence of a dedicated boundary wall. "Once the boundary is constructed, women inmates will also be allowed to use the open gym," the jailer added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo In the meantime, female inmates continue to practice yoga within the women's barrack. As part of the UPSLSA's action plan, a surprise inspection of the jail was also conducted by Pankaj Srivastava. He inspected the kitchen, school, newly constructed women's barrack, men's barracks, hospital, and the Legal Aid Clinic. The jail superintendent was instructed to maintain hygiene and resolve prisoners' grievances without delay. Additionally, a Lok Adalat was held on the premises, where 11 cases were settled on the spot by Additional Chief Judicial Magistrate Bhagwan Das Gupta. The event concluded with a vote of thanks by jail superintendent D K Pandey.
