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India’s oil demand expected to return to normal by end of year

Following months of increasing coronavirus infections across the country and heightened restrictions meaning a lower-oil demand, India can finally see the light at the end of the tunnel. According to new predictions, India’s oil demand could reach pre-pandemic levels by the end of 2021.  India’s Oil Minister Dharmendra Pradhan told Bloomberg …

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Iran says it’s not required to comply with UN nuclear watchdog’s demand of ‘immediate response’ on extending monitoring deal

The monitoring agreement allowed the International Atomic Energy Agency (IAEA) to collect data on some of Iranian nuclear activities after Tehran’s decision to reduce cooperation with the agency in February. But it expired overnight, with Iran leaving unanswered last week’s letter from the UN nuclear watchdog on prolonging the deal …

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US demand for Russian caviar surges by 640%

The strongest demand for Russian caviar was recorded in the US, which became a top-10 biggest consumer of the delicacy last year. “Shipments to the US increased from a modest four tons recorded in 2016 to 28 tons in 2020, marking an enormous growth of 640%,” the bank’s analysts said. …

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Barclays: Reopening economies drive oil demand higher

Despite the possibility of a return of Iranian oil supply and the resurgence of Covid in parts of Asia, global oil demand is “healing” and oil inventories are set to normalize over the next two to three months, the UK bank said in a note on Friday carried by Reuters. Barclays expects the …

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