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Brent crude prices fell to their lowest in more than 11 years on Monday, hounded by a relentless rise China Skeleton oil seal Factory in global supply that looks set to outpace demand again next year.Oil production is running close to record highs and, with fresh barrels poised to enter the market from the likes of Iran, the United States and Libya, the price of crude is set for its largest monthly percentage decline in seven years.While consumers have enjoyed lower fuel prices, producers have hacked back spending and cut thousands of jobs, while exporting nations have suffered tumbling revenue.Brent futures fell by about two per cent to as low as $36.05 per barrel on Monday, their weakest since July 2004, and were down 45 cents at $36.43 at 9.05 am.

Brent crude futures haven fallen more than 18.5 per cent this month, their steepest fall since the collapse of failed US bank Lehman Brothers in October 2008.US West Texas Intermediate (WTI) futures dropped 33 cents to $34.40 a barrel, their lowest since 2009. "Really, I wouldn’t like to be in the shoes of an oil exporter getting into 2016. It’s not exactly looking as if there is light at the end of the tunnel any time soon," Saxo Bank senior manager Ole Hansen said."For every dollar we move lower, that brings forward increased stress in the system."The price of oil has halved over the past year, shredding the finances of oil producers such as Nigeria, which faces its worst economic crisis in years, or Venezuela, which has been plunged into deep recession.Even wealthy Gulf Arab states have been hit.

 Last week, top Opec exporter Saudi Arabia, Kuwait and Bahrain raised interest rates as they scrambled to protect their currencies.On Monday, Iraq devalued its dinar currency to offset the impact of lower oil, while Azerbaijan ditched its currency peg after burning through more than half its foreign exchange reserves this year.Morgan Stanley said that "the hope for a rebalancing in 2016 continues to suffer serious setbacks".After 51 meetings, India has been able to re-negotiate the long-term gas contract with Qatar at $6-7 per million British thermal units (mmBtu) against the agreed price of $12-13 per mmbtu. This will lead to a saving of Rs 4,000 crore per year for the country.

Under the expected agreement, G20 members would commit to undertaking efforts to reduce the amount of plastic waste that ends up polluting oceans and to reporting their progress on a regular basis, according to Japanese media.If an international framework on reducing marine plastic waste is agreed, it would be "the first step toward resolving the issue," Hiroaki Odachi O ring Manufacturers of Greenpeace Japan told AFP."But given the critical situation of ocean pollution with plastics, it is urgently needed to set up legally binding action plans with clear timelines and goals," he added.With only an estimated nine per cent of plastics ever produced recycled, campaigners say the only long-term solution to the plastic waste crisis is for companies to make less and consumers to use less.Japanese industry minister Hiroshige Seko, who is co-chairing the discussions with Harada, said late Saturday that Japan would aim to require businesses to charge for disposable shopping bags by as early as April to help reduce waste.

Many countries in the world already charge for single-use bags or ban them outright.On energy security, Seko said Tokyo "is watching with grave concerns at the attacks on oil tankers by someone.""From a viewpoint of global energy security, it is necessary for the international community to jointly deal with the act," Seko told the meeting. The ministers agreed on the importance of securing stable energy supplies, he said.Keeping an innovative name to the same old dish does not upgrade it to a title of fusion-food. To come in the stipulated section of fusion, the hit of aroma and taste matters the most. Now, finger chips, chicken wings and samosas are something that are easily accessible. But a twist to the flavours where there is a mish-mash of both, a bit desi and a bit videsi is what is tough to create. Giving an international approach to the Indian dishes and vice versa is an experimental aspect of the gastronomy industry for the past few years.Zorambo, a place that caters to foodies irrespective of their age group, serves Indian street-food inspired dishes, but with a twist.

It is expected that a number of major pacts including to ramp up cooperation in defence and nuclear energy sectors will be finalised. Russia has been India’s biggest supplier of arms though New Delhi has started buying more military hardware from the US in the last few years.Last week, India’s defence ministry’s top acquisition council had cleared the purchase of Russian S-400 Triumf air defence missile systems at an estimated cost of `40,000 crore and there may be an announcement of the deal on Thursday besides a few others.In the nuclear energy sector, India is expected to offer a site in Andhra Pradesh to set up units five and six of Kudankulam nuclear power plant. The new plants will be in sync with broad principles of Make in India initiative and a decision in this regard is likely to be finalised on Thursday.Setting the tone for the visit, the Prime Minister, before his departure for Moscow, said Russia remained one of India’s "most valued" friends in the world and that he was "very optimistic" about the outcomes of the talks with Mr Putin."Our relation with Russia is unique, covering almost every field of human endeavour," Mr Modi said.

In a formal statement Tuesday -- released just after nearly the entire White House press corps had left to cover the lighthearted annual ritual of the president sparing a turkey from the Thanksgiving table -- Trump said the prince "could very well be" in on the crime.But he then went on to flatly reject any suggestion of punishing the Saudi leader, saying Washington "intends to remain a steadfast partner."Trumps reasoning was that Saudi Arabia and the United States are partners in opposing Iran and the Saudis have committed to USD 450 billion in weapons contracts and other investments, as well as being a major pneumatic seal Manufactures oil producer."Very simply it is called America first!" Trump concluded.This was in contrast to previously stated positions where Trump promised a tough response, warning in an October interview with The Wall Street Journal, for example, that the US-Saudi relationship "would take a while to rebuild."Crazy princeTrumps posture has provoked rare dissension among the ranks of senior Republicans.Senator Lindsey Graham said on Fox News that Prince Mohammed is "crazy."

"Its not too much to ask an ally not to butcher a guy in a consulate," he said.And Senator Bob Corker, the Republican leader of the foreign relations committee, tweeted scathingly: "I never thought Id see the day a White House would moonlight as a public relations firm for the Crown Prince of Saudi Arabia."Corker and the senior Democrat on the committee, Bob Menendez, demanded that the Trump administration issue a clear statement on whether Prince Mohammed was involved.Another prominent Republican, Senator Rand Paul, added "Lets put America first, not Saudi Arabia," while Khashoggis old employer the Post said in an editorial that Trumps position meant "a world where dictators know they can murder their critics and suffer no consequences."Secretary of State Mike Pompeo pushed back in a radio interview Wednesday, saying: "We are going to make sure that America always stands for human rights. Weve watched the Saudis actually move in that direction during our time in office as well.

"Its not an unblemished record, but there certainly have been steps forward."KUALA LUMPUR - The stinky, spiky durian is set to become Malaysia’s next major export as the Southeast Asian nation rushes to develop thousands of acres to cash in on unprecedented demand for the fruit from China.Once planted in family orchards and small-scale farms, the durian, described by some as smelling like an open sewer or turpentine when ripe, is attracting investments like never before. Even property tycoons and companies in palm oil, Malaysia’s biggest agricultural export, are making forays into the durian business.The Malaysian government is encouraging large-scale farming of durian, counting on a 50 percent jump in exports by 2030."The durian industry is transforming from local to global, large-scale farming due to the great demand from China," said Lim Chin Khee, a durian industry consultant.

Oil imports rose 56.61 per cent to $12.73 billion.The oil import bill of India, the world’s third biggest crude importer, rose sharply with global oil prices amid concerns that U S sanctions against Iran would remove a substantial volume of crude oil from the world markets.Washington, which had pulled out of the 2015 nuclear deal with Iran, is pushing countries to halt imports of Iranian oil from November.India’s trade balance is further bruised by a weakening Indian rupee that hit an all-time China O ring Manufacturers low against the dollar last month.The depreciating rupee and a widening trade deficit pose a challenge for Prime Minister Narendra Modi, who is aiming to boost economic growth ahead of national elections, due early next year.Late last month, Subhash Chandra Garg, the economic affairs secretary in the finance ministry, had said the trade deficit was expected to widen but the outlook was unclear."We are not even certain what kind of a storm it is or even if it is a storm or whether it will turn out to be a storm," Garg said.

"Oil has played a spoilsport in both imports and exports. It has incrementally added $1.23 billion on imports and simultaneously a reduction in petroleum exports has been of $1.17 billion on month," said Shubhada Rao, chief economist at Yes Bank Ltd in Mumbai.Merchandise exports last month rose to $27.7 billion from a year ago, while imports rose 21.31 per cent year-on-year to $44.3 billion, the Ministry of Commerce and Industry said in a statement.India’s gold imports fell 2.8 per cent year-on-year to $2.39 billion in June, the statement said.Buoyed by the drop in global crude oil prices, healthy start to earnings season, good progress of monsoon and positive global cues, markets logged impressive gains during the week ended.The Sensex closed 884 points higher at 36,542 and the Nifty ended 246 points higher at 11,019. It is pertinent to note that the Sensex hit an all-time high, while Nifty and Bank Nifty both came close to their respective all-time peaks.However, the broader markets underperformed the benchmark indices, with the mid-cap index gaining just 0.3 per cent and the small-cap index gaining only 0.85 percent during the week.

As per Baltic Dry Index, the segment of Bulk Carrier is expected to rise globally having impact both in terms of utilisation as well as the freight. ONGC’s plan of action, which centers around a large investment in offshore region, is going to boost domestic production. Revamping of pipelines and EPC contracts will be source of encouragement and opportunity for SEAMEC to utilize its proven resources by participating in the projects that may emerge. Buy for target price of rs 500.Futures & OptionsThe derivative segment witnessed brisk and volatile trading during the week ended. After trading strong for better part of the week, Nifty Futures closed marginally weaker on Friday.It is interesting to recall that correction of 475 points took 15 sessions, while the current rally of 520 points has been seen in just 10 sessions. Rallies getting bigger and faster signal a structural turnaround and positive bias in the index.On the options front, the maximum open interest in put options is at 10,600 strike and maximum open interest in call options at 11,000 strikes. The Implied Volatility (IV) of calls closed at 10.61 per cent while that for put options closed at 10.20 per cent.

Moody’s said that due pneumatic seal for sale to increase in oil prices there is a risk that India might not meet its fiscal deficit target for the current fiscal. Your comments.Besides the global factors mentioned above, fluctuations are also driven by expectations of political developments and politically-driven fiscal excess. It’s therefore very important for the government to maintain its responsible fiscal stance during this period before the elections.The current account deficit is also expected to widen this fiscal. Should it worry policymakers?Any rise of the current account deficit above 2.5 per cent of the GDP always requires careful monitoring. However, to the extent it’s driven by oil price rises, it is usually followed by increased demand for imports from oil exporting countries and higher remittances from our citizens employed there.This is a lagged effect, which should help moderate the rise.Do you expect the government to curtail its expenditure due to GST revenue being less than expected, increase in oil subsidy (LPG and kerosene) and MSP?

What will be its impact?With the decontrol of petrol and diesel prices, the direct effect of oil price rise on government deficit is limited. The rise in kerosene subsidies is manageable. There will also be some offsetting increase in revenues, given the effect on oil prices on inflation. Government expenditures are manageable as long as no major new schemes are introduced.Do you see the rise in inflation due to high fuel prices and MSP, and as a result the RBI hiking interest rates?Inflation has, in fact, moderated due to easing of food prices, though higher MSP may keep these prices from falling further. Average CPI inflation is likely to be between 4.5 per cent and five per cent during 2018-19. Good monetary policy is designed to moderate inflation, not to raise it. So I would be surprised if the RBI raises real rates precipitously.

"We need to understand that right now our prices are driven by last 15 days average. So if for 15 days international price rise and if after that it does not rise in international market, still we will see the rise (in petrol and diesel prices)," said a senior IOC official.However, the Modi-government is under tremendous political pressure to give relief to the general public from high fuel prices and some steps are expected to be announced this week itself."The government is taking the matter of oil prices seriously. Petroleum minister will have a meeting with the officials of the oil companies. We are trying to work out a formula to reduce the prices in the next four days," said BJP president Amit Shah.The issue of petrol and diesel prices is also expected to come for discussion during the Union Cabinet meeting on Wednesday.According to sources, the finance ministry and the petroleum ministry are in discussion on how to resolve the crisis emerging from spike in crude oil prices.

Saudi Arabia and non-Opec Russia have said they see a need for an extension to output reductions. The initial agreement between Opec and other producers was for cuts of 1.8 million barrels per day (bpd) to run through the first half of 2017.Opec and other producers are due to discuss an extension during an China dust proof seal Suppliers Opec meeting on Thursday."One of the biggest difficulties facing the cartel, however, is that there is a lag between output cuts and inventory changes," Bank of America Merrill Lynch said in a note.It said Opec-led cuts take about three quarters to start drawing down inventories but US shale producers can ramp up output in just four quarters to fill in the gap left.Russia’s largest oil producer Rosneft said on Thursday it was ready to stick to crude output agreements with Opec. But there are signs that Saudi Arabia, Opec’s largest producer, is keeping markets well supplied.

Spices play a very prominent role in Indian cuisine. There are a few core spices that are used in Indian food that give it the unique aroma that lingers for days. Winner of MasterChef India season 1, Pankaj Bhadouria, in her recent book The Secret’s in the Spiced Mix — Fifty Unique Home-Made Spice Mixes with Recipes, reveals many secrets about various spices and their uses."The book took me about a year to complete. It was a revelation of sorts! I got to discover a lot. So much that was there with me in bits and parts got compiled in one place. It was an interesting journey of collecting recipes, trying them out, setting recipes to go with those spices and then trials again, the photography and then seeing them all come together on paper!," said Pankaj when asked about the genesis of the book.In the book, Pankaj mentions that she has travelled across the country and had the opportunity to taste many mouth-watering Indian dishes, various cuisines have to offer.

Ask the chef about her personal favourite, and she quips, "So many of them! Nadur yakhani from Kashmir, iddiappams and stew from Kerela, patti shapta from Bengal, chhole-kulche from Amritsar — the list is long!"We have here, a few of Chef Pankaj’s special recipes for you. Try these recipes and enjoy with your loved ones!Spice: Lazzat-e-TaamOne of the secrets of Awadhi cuisine is the lazzat-e-taam, or a potli masala that the chef carries with him wherever he is invited to cook.Ingredients2 tbsp anise seeds3 bay leaves1 tbsp caraway seeds2 black cardamoms12 green cardamoms1 tbsp black peppercorns1 4-inch piece of cinnamon15 cloves½ tbsp allspice3 tbsp dried coconut powder2 tbsp coriander seeds1¼ tbsp cumin seeds1 tbsp dry fennel leaves7 tsp fennel seeds25 fox nuts1 tbsp dried lemongrass, chopped2 mace blades2 whole nutmegs1 tbsp poppy seeds4 tsp dried rose petals1 tbsp sandalwood powder1 tbsp white pepper powder1 tbsp kewra water1 tsp mitha ittrMethodLightly roast all the dry ingredients in a pan, on very low heat, until lightly fragrant.

　　The reserves associated with this move would lead to monetisation of reserves worth $8.25 billion (around Rs 53,000 crore). The monetisation of these reserves would require an additional investment of $3 to $4 billion.The CCEA on Thursday approved a proposal to grant marketing including pricing freedom for the gas produced from high pressure high temperature, deepwater and ultra deepwater areas. The marketing freedom so granted would be capped by a ceiling price arrived at on the rubber seal for sale basis of landed price of alternative fuels — liquefied natural gas, fuel oil, naphtha and imported coal. The price will be revised every six months.The policy guidelines would be applicable to future discoveries as well as existing discoveries which are yet to commence commercial production as on 1st January 2016. However, it would be applicable on those assets under litigation only on the conclusion, withdrawal of such litigation/ arbitration and the attendant legal proceedings.

　　"The problem with a lot of Indians is that they follow a vegetarian diet or hardly opt for meat," she explains. Niti, however, does believe that the month of May is a great time for trying out a new diet plan. She says, "Summers are a good time to experiment and try out lighter, tropical dishes."RecipeNiti recommends a mixed vegetable salad, as an addition to an Indian meal or as a complete meal in itself. "Use fresh vegetables like red cabbage, carrots and beets, nuts, flax seed powder, sesame seeds, and bean sprouts like boiled channa. Mix an olive oil and lemon vinaigrette dressing, and toss it all together for a salad, which will be inclusive of all the food groups.‘Mediterranean foods are packed with antioxidants’Tripti GuptaNutrition and lifestyle consultant Tripti Gupta explains that a fruit and vegetable-heavy diet like the Mediterranean diet is perfect for a summer cleanse. "While I would not recommend completely substituting the Indian diet with a Mediterranean one, I think that it’s a great plan to look into for a week-long summer cleanse. Many of their dishes, especially the vegetarian dishes, have antioxidants and also act as cooling agents.