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Sharm El-Sheikh, India has been silent on the question on phasing out or down of fossil fuels at COP28. Despite its aggressive renewable energy targets and its role in the adoption of the G20 commitment to triple renewable energy capacity, India has so far maintained a studied silence on the issue of fossil fuels at the ongoing UN Climate Conference in Dubai. At COP27 in Sharm El-Sheikh last year, India had proposed inclusion of clear language on phasing down all fossil fuels, not just coal, as agreed at the Glasgow meet. Though the proposal failed to make the final cut, it gained the support of at least 80 countries and the European Union. This tentative alliance between India, the EU, and small island states was viewed by some observers as a new approach that was ambitious while being rooted in equity. The proposal had not found support from India's traditional negotiating partners such as China and Saudi Arabia. Now, at Friday's plenary marking the start of the second week of negotiations in Dubai, India did not address the issue in its intervention. Instead, it extended support for the position taken by the 43-member Like-minded Developing Countries (LMDC) group that includes China, Saudi Arabia, Bolivia, and Egypt, among others.

DUBAI—Fossil-fuel producers are fighting an existential battle here in the final stretch of the United Nations climate conference against countries that want to end the burning of coal, oil and natural gas. Europe and a handful of nations on the front lines of climate change are demanding that a final agreement at the conference, known as COP28, include a phase out of fossil fuels.

debt of developing countries surged to 29% of GDP in 2021 from 19% in 2010. As the debt level rose, the profile of external public debt also changed. Paris falling The share of multilateral institutions and the Paris Club, which was 83% of the total external debt of 73 countries — the debt servicing of which was suspended in 2020 under the G20 Debt Service Suspension Initiative (DSSI) in 2006 — fell precipitously to 58% in 2020. China rising The share of other official and private creditors — the non-Paris Club members, including China, India and Saudi Arabia — rose sharply to 42% in 2020 from 17% in 2006.

Investing.com — Oil prices rose from a near six-month low in early trade on Wall Street on Friday, as investors gauged how stronger than expected U.S. jobs figures could factor into demand in the world's largest crude consumer.

Talk at the latest climate-change shindig in Dubai has centred around the future of the oil industry and whether countries should pledge to phase out oil and gas production entirely or simply transform the industry in decades to come. Canada always talks a deep-green game at these affairs but are we really ready to nail shut the oil and gas coffin?

By Paul Carsten

Paris Saint-Germain owner Qatar Sports Investments has agreed to sell a minority stake to U.S. private equity platform Arctos Partners

prices dropped to six-month low after US inventory data. On Tuesday, both benchmarks settled at their lowest since July 6, a fourth straight session of losses.

Also Read: Ukrainian Sniper 'sets world record' by killing Russian soldier from 3.8 km: Report The girl had brought the gun to the school hiding it in a tube for carrying papers, a fellow student told RIA Novosti, according to AP. As soon as the shooting began, two girls, including the twin sister of the 14-year-old shooter, came running into their classroom.

Shares of electric vehicle maker, Rivian (NASDAQ:RIVN) jumped nearly 4% in pre-market trading Thursday morning after Stifel initiated coverage of the company with a Buy rating and a 12-month price target of $23.00.

green hydrogen and electrolyser manufacturing projects under the government's SIGHT Scheme ends on December 12, Parliament was informed on Thursday. In January 2023, the Union Cabinet approved the National Green Hydrogen Mission (NGHM) with an outlay of Rs 19,744 crore with an aim to make India a global hub for manufacturing this clean source of energy.

Brent crude futures rose 27 cents, or 0.4%, to $74.56 a barrel by 0613 GMT on December 7. US West Texas Intermediate crude futures rose 24 cents, also 0.4%, to $69.62 a barrel, according to a report by Reuters. Oil prices settled on December 6 at the lowest level since June, falling around USD 25 from their September highs amid concerns over oversupply and weaker demand.

Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed further cooperation on oil prices on Wednesday, December 6, as members of OPEC+, a Kremlin spokesperson was quoted as saying. A Saudi account of the meeting said the crown prince praised joint coordination between the two countries "that helped remove tensions in the Middle East".

Also Read: Putin to visit Saudi, UAE on December 6 after OPEC+ cuts, host Iran President: What's on agenda? Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a December 18 expiry, was last trading lower by 4.75 per cent at ₹5,791 per bbl, having swung between ₹5,784 and ₹6,068 per bbl during the session so far, against a previous close of ₹6,080 per barrel. -Crude inventories fell by 4.6 million barrels, far exceeding the 1.4 million-barrel drop analysts had expected. There is demand destruction coming in from the fuel side.

By Aziz El Yaakoubi and Vladimir Soldatkin

(Reuters) -Oil prices rose slightly in Asian trade on Wednesday, after posting losses for four sessions, as investors weighed the effectiveness of an extension in OPEC+ cuts on tightening supplies against worries of a worsening demand outlook in China.

visa policies for nearby international destinations have fueled a surge in airfares, impacting travel choices. Popular and easily accessible destinations like Thailand, Sri Lanka, and Malaysia have become visa-free for Indian travelers, leading to a spike in demand and subsequently driving airfares to new highs. Almost all international airlines, with the exception of the United States, have fully resumed connections to India. Indian carriers have also increased flights abroad for the winter season, resulting in more competitive airfares to distant European and North American destinations. According to a TOI report, the Delhi-Phuket economy return this Christmas starts at Rs 50,000, significantly higher than the average of Rs 30,000 a few months ago. In contrast, Delhi-London flights begin at Rs 70,000, a notable reduction from the Rs 90-95,000 range seen during the summer. “In comparison to last year, all international airlines are now operational for routes like Delhi-Dubai, or Saudi and to London, hence airfares for these sectors are down by about 20-25%. On the other hand, airfares for popular Southeast Asian destinations like Vietnam, Thailand and Malaysia have more than doubled in comparison to last year for this period,” a spokesperson for travel portal Yatra told TOI. Anil Kalsi, Vice President of the Travel Agents Federation of India, told TOI that there is a «serious» demand for both domestic and international destinations this winter, with Southeast Asia being particularly popular. The visa-free status has made a significant impact, with destinations like Thailand witnessing a doubling of Indian tourist arrivals after granting visa exemption from November 10, 2023.

Saudi Arabia has introduced a 96-hour stopover visa for Indians traveling to the West or the Middle East. This initiative, part of the Saudi Vision 2030 to streamline Umrah visits, was announced by Saudi Minister of Hajj and Umrah, Tawfiq bin Fawzan. During a joint press briefing with India's Minister of Minority Affairs Smriti Irani and Minister of State for External Affairs, V Muraleedharan, Minister Tawfiq bin Fawzan emphasized the nation's commitment to facilitating the religious pilgrimage of Muslims globally.

US announces visa bans after warning Israel over West Bank violence Hamas likely profited from Israel stock markets ahead of Oct terror attacks Israel Would Consider Another Cease-Fire to Get Back Hostages Putin to visit Saudi, UAE on December 6, host Iran President: What's on agenda? Milestone Alert!Livemint tops charts as the fastest growing news website in the world

Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China. Brent crude futures fell 8 cents, or 0.1%, to $77.12 a barrel by 0101 GMT. U.S.

What sort of climate deal is a summit hosted by the world’s third-largest net oil exporter most likely to pull off? The type that boosts revenues for petroleum companies. The Oil and Gas Decarbonization Charter unveiled at the United Nations CoP-28 summit in Dubai counts as one of the most substantive pacts to have emerged from the conference so far. The agreement includes most of the traditional Western oil majors, state producers from Saudi Arabia and hosts the United Arab Emirates, between them accounting for about 40% of global oil output.