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Saudi, Russia agree to cut oil output after price war, Mexico reportedly walks out

Current Affairs

Saudi, Russia agree to cut oil output after price war, Mexico reportedly walks out

Saudi, Russia agree to cut oil: Mexico has pulled out of negotiations over a major oil production deal involving a group of 23 countries, jeopardizing the final agreement and causing a steep fall in the price of oil.

On Thursday, expectations were that a final resolution on a 23-nation coalition would come to an end at the end of a month-long feud between Saudi Arabia and Russia, aimed at implementing large-scale oil production cuts.

OPEC +, Russia and other allies on Thursday outlined plans to cut their oil production by more than a fifth and said they expected the United States and other producers to raise prices to deal with the coronavirus crisis Will join.

The historic settlement of Mexico has now jeopardized the historic settlement and caused oil prices to fall.

On Friday morning, US crude was trading 9 percent, or $ 2.33, at $ 22.76. Brent crude is down 4 percent, or $ 1.36, at $ 31.48.

The negotiations are scheduled to continue in a group of 20 meetings of energy ministers on Friday, but OPEC + is not believed to have made the cut without Mexico’s involvement.

The Kremlin said Russian President Vladimir Putin, US President Donald Trump, and Saudi Arabia’s King Salman discussed in a phone call on Friday the OPEC + oil group meeting and confirmed that they aimed to stabilize global oil trade.

Oil-producing countries, including the OPEC cartel and Russia, are trying to strike a global agreement to pump less crude in a bid to reduce the price crash, which is welcome for consumers, in government budgets.

Pressurizing and pushing energy companies towards bankruptcy.

Late on Thursday, OPEC and Russia reportedly reached a temporary deal to cut production by 10 million barrels per day for two months.

But Kuwait’s oil minister later tweeted that Mexico had disrupted the deal.

President Trump said he spoke with Russian President Vladimir Putin and Saudi Arabia’s King Salman about the talks.

At a White House news briefing, Trump said, “They are getting closer to a deal that is out of OPEC and many other countries and we will see what happens.”

He said, “There is so much production that nobody even knows what to do with it, it is working.”

Reports of a deal were welcomed by the American Petroleum Institute, which counts the largest number of US oil and gas producers among its members.

Saudi, Russia agree to cut oil

“This move will help stabilize the world’s oil markets,” said API President Mike Samaras, as the historic decline in the COVID-19 epidemic due to the current market interruption largely poses significant challenges to the supply chain Huh.”

But by early Friday, Kuwait oil minister Khalid al-Fadl suggested that the deal had not yet been reached.

Al-Fadl wrote, ‘The meeting for the OPEC group ended at 3 pm. Mexico disrupts all countries ‘agreement to reduce oil production by 10 million barrels a day.’

There was no immediate response from Mexico, although its Energy Minister Rocio Nahle wrote on Twitter around the same time that Mexico proposed cutting its production by 100,000 barrels per day for the next two months.

Thursday’s nine-hour OPEC video conference was part of a series of talks on stabilizing the market, where oil prices have risen more than half since the beginning of the year amid a pricing war between Saudi Arabia and Russia.

The drop was intensified when the coronavirus epidemic caused a global halt in oil demand and increased oil demand as a trading base.

At current production rates, storage tanks will be filled with oil for some time in May, and the only way to avoid filling them will be to maintain the cuts until the end of the year, he said.

When Russia and OPEC failed to agree on a production cut in early March, the oil market was already oversimplified.

Analysts say Russia also refused a minor cut because it would have only served to help American energy companies, which were pumping to full capacity.

Staling served to harm American shale-oil producers and protect market share.

Russia’s move appeared to offend Saudi Arabia, which not only said it would not cut production on its own but said it would increase production and effectively lead to a global pricing war.

Sales prices will decrease.

In the time since prices have fallen.

International benchmark Brent crude traded at $ 34 a barrel on Thursday, while US benchmark West Texas crude traded at less than $ 27.

Sonu offers his hotel to medical staff treating COVID-19 patients

Current Affairs

Sonu offers his hotel to medical staff treating COVID-19 patients

Sonu offers his hotel to medical Actor Sonu Sood has come forward and offered help to medical staff fighting the ongoing coronavirus epidemic in Mumbai.

They have allowed doctors and other healthcare workers to treat coronavirus patients to stay in their hotels in Mumbai.

Speaking to The Times of India, Sonu said that it is his honor to be able to help those who really need it right now.

They also said that they have already approached the municipal corporation and private hospitals to inform them about the facility.

Sonu offers his hotel to medical

Sonu stated, “It is a respect for me to accomplish my work for the specialists, attendants and para-clinical staff of our nation who are working day and night to spare the lives of the individuals.

They originate from various pieces of Mumbai Come and they need a spot to rest. We have just reached the civil and private clinics and educated them about the office. “

A week ago, Shah Rukh Khan and his wife Gauri Khan also offered BMC their four-story office in Mumbai as a quarantine facility.

BMC’s official handle tweeted, “We thank @iamsrk and @gaurikhan for offering our 4-story private office space, our isolated limit outfitted with fundamental offices for isolated kids, ladies and the old Help to grow.

An extremely attentive and opportune signal. “

SRK and Gauri said that they are glad to have the chance to add to BMC’s endeavors to think about the individuals of Mumbai.

The two of them tweeted, “When we state ‘mybmc’, it’s putting all the groups to battle COVID-19 with a feeling of possession and pride.

We are both appreciative that we are grateful for the assistance and care of Mumbaikars Can be a piece of endeavors. “

Notices issued to 3 Pvt schools in Punjab for demanding fees amid lockdown

Current Affairs

Notices issued to 3 pvt schools in Punjab for demanding fees amid lockdown

Punjab As many as 15 more private schools across Punjab were issued a show-cause notice for demanding fee during the lockdown, said state education minister Vijay Inder Singla in Chandigarh on Thursday.


Speaking to media on Thursday, state cabinet minister further stated that so far a total of 38 private schools have received show-cause notice for not adhering to the state’s government’s direction on the fee issue.


“Show cause notices have already been issued to the violators and they have been given a seven day period to file their reply against the violation.

Punjab

If they failed to give a satisfactory reply, we are going to cancel their affiliation or no objection certificate (NOC),” he added.


“The schools should also not take transportation fees and books charges from the students for the next academic session till the lockdown period is over,” Vijay Inder Singla added.


The state cabinet minister also informed that the education department had issued an order dated March 23, 2020, in which all the private schools of the state have been asked to reschedule their admissions for 2020-21.


“With these orders, the schools were directed to provide window period of at least 30 days for submission of fees after the situation gets normalized.

The schools have also been directed not to charge any late fees or fine from the students for this period.”


The cabinet minister was of the view that coronavirus is a worldwide disaster and due to the lockdown, the parents are not able to pay the fees even through online banking options.

Odisha extends lockdown till April 30, the first state to do so


Odisha extends lockdown till April 30

Odisha extends lockdown till April 30

Odisha extends lockdown till April 30, the first state to do so

Bhubaneswar:
The Odisha government today announced that it has extended a lockout on the COVID-19 epidemic by 30 April, becoming the first state to do so as the number of novels coronavirus-infected patients across the country continue to rise.


The state government said in a statement that Chief Minister Naveen Patnaik has asked the Center not to start train and air services by April 30.

The Odisha cabinet has decided to expand and recommended the central government to do the same.


“The coronavirus is the greatest threat of the virus that mankind has faced in more than a century. Life will never be the same.

We all must understand it and face it courageously. With our sacrifice and God With Jagannath’s blessings. ” “It will also pass,” Mr. Patnaik said in the statement.

The Odisha cabinet, headed by CM @Naveen_Odisha, decided to extend the state lockout by 30 April and recommended the central government extend the national lockdown till then.

The CM requested the Government of India not to start train and air services during the lockout. #OdishaFightsCorona

The state government said, “Educational institutions will remain closed till June 17.

The food security of the people is extremely important. The state government said that the activities related to agriculture, animal husbandry, MGNREGS are facilitated to meet the criteria of socially distancing.

“As before, free movement of goods transport will be allowed,” it said.

At least 42 people have been infected with the novel coronavirus in Odisha. Two have died.

Prime Minister Narendra Modi on Wednesday suggested that the lockdown be extended to check the spread of coronaviruses and no one-time ban would be lifted after 14. April.

Many hotspots have been sung in cities across the country for greater efforts to isolate them.

related
Masks are mandatory for people to get out of their homes. The others are Delhi, Mumbai, Chandigarh, and Nagaland.


In a video meeting with leaders of all parties, PM Modi reportedly said that he would consult with chief ministers but from all accounts, the lifting of the lockdown is “not possible”.

He will hold a meeting with the chief ministers on Saturday.
Several states and experts have noted the rapid spread of virus cases and have requested an extension of the lockdown, so that the infection may peak in the coming weeks.

Indore, Bhopal, Ujjain sealed in the spread of COVID-19

Current affairs

Indore, Bhopal, Ujjain sealed in the spread of COVID-19

Indore, Bhopal, Ujjain sealed in the spread of COVID-19

The number of coronavirus positive cases is 173 in Indore, 96 in Bhopal, 13 in Ujjain, 12 in Khargone and 12 in Morena.

Indore saw 40 new positive cases of coronavirus on Wednesday, out of which the total number of infected patients in the city was 213.


BHOPAL: After an increase in cases of coronavirus, Madhya Pradesh Chief Minister Shivraj Singh Chauhan on Wednesday ordered three major cities Indore, Bhopal, and Ujjain to be completely sealed.

The state government also called for the Essential Services Management Act (ESMA) in the state with immediate effect to counter COVID-19 so that essential supplies and services could be operationalized during this crisis.


Chauhan said, “The district administration should ensure the supply of essential commodities in these areas. No person will be able to move in and out of these areas.

All government departments and their resources should be taken up for coronavirus related work.”


He said that the infected areas in other districts should also be completely sealed.


The Chief Minister made this announcement after reviewing the status and control system of coronavirus in the state with senior officials.

Indore, Bhopal, Ujjain sealed in the spread of COVID-19


The number of coronavirus positive cases is 173 in Indore, 96 in Bhopal, 13 in Ujjain, 12 in Khargone and 12 in Morena.


Urging people to take extra precautions, Chauhan said that every person should wear a mask and leave the house to avoid infection.


Chief Minister Chauhan said, “No person should hide coronavirus disease. If you hide it and give information about it, coronavirus is death.”


Chauhan directed that an FIR should be lodged against those who hide their travel history and said that punitive action should be taken against them after treatment.


The Chief Minister said, “The best treatment regime for coronavirus patients should be ensured so as to reduce mortality.”


Meanwhile, former Chief Minister and Congress leader Kamal Nath questioned Chauhan’s decision.

He posted on Twitter in Hindi that at a time when government doctors, medical staff and officers are performing their duties with full responsibility, the state government’s decision to implement ESMA across the state was beyond comprehension.


Indore saw 40 new positive cases of coronavirus on Wednesday, out of which the total number of infected patients in the city was 213.


The total number of cases in the country’s capital Bhopal is 94, while Ujjain has so far reported 13 cases.

People allowed to leave Wuhan for 1st time in 76 days after COVID-19 lockdown lifted

Current Affairs

People allowed to leave Wuhan for 1st time in 76 days after COVID-19 lockdown lifted

people allowed to leave Wuhan

people allowed to leave Wuhan The original epicenter of the coronavirus crisis, Wuhan, has ended its lockdown as the city recovers from a deadly outbreak that is now widespread around the world.


But as Wuhan reopens its borders after 76 days, some restrictions within the city will remain in place, and officials warned that the risk of further infection is still far away.


The 11 million metropolia, where coronaviruses were first detected in December, was closed from the outside world from 23 January in an unprecedented effort to stop the outbreak.


On Wednesday, healthy residents and visitors will finally be allowed to leave Wuhan, the capital of Hubei Province, trains and flights resumed and highway entrances reopened.


The Railway Authority of Wuhan estimates that more than 55,000 passengers will leave by train to Wuhan on Wednesday, according to state broadcaster CCTV, a major manufacturing hub in China bound for the Pearl River Delta region by about 40%.


The relaxation of travel restrictions on Wuhan is the latest milestone in China’s fight against Kovid-19.

The country reported almost zero new local infections in recent weeks, leading to similar restrictive measures for other parts of Hubei province at the end of last month.


Luo Ping, an epidemic control officer in Wuhan, told CCTV Sunday that the lifting of the lockdown is a “complete restart” of the city’s economic and social activities from his previous “suspension”.

But he warned that the city faces a difficult task to prevent a recurrence of imported cases and local infections.


“He said that after work and production resumed, the movement of people increased and hence the risk of cross-infection from mass gatherings increased.

Some people have dropped their guard and do not wear masks when they take to the streets, “He told the broadcaster.


“The reopening of Wuhan does not mean clean, nor does it mean to rest in epidemic prevention and control measures (within the city),” he said.

In early April 8, they form a queue at Wuhan Wuchang Railway Station in Wuhan, as they prepare to leave the city for the first time in more than ten weeks.


A town brought to a halt
According to the National Health Commission, Wuhan, an extensive industrial center on the banks of the Yangtze River, reported more than 50,000 infections and more than 2,500 deaths, accounting for 77% of all coronavirus deaths in China.


As the outbreak swept the city, much of Wuhan was halted by strict epidemic control measures – some of which would later be introduced worldwide as the virus spread to more than 200 countries and territories, 1.4 million Had infected more people than. Whole world.


Public transport was suspended in Wuhan for more than two months, businesses were closed and millions of residents were confined to their homes and residential communities – even allowed to go out for grocery shopping Was not.


Draconian measures clearly worked. By mid-March, the number of new infections had slowed to its worst state in February by thousands.

In a major show of faith, Chinese President Xi Jinping visited Wuhan on March 10, praising the city and its people for being “townspeople”.

People are standing near the Yangtze River in Wuhan City on 6 April.

In recent weeks, authorities have gradually relaxed some lockdown measures, allowing a limited number of residents to give up their residential compounds for a short period of time.

Spain’s number of coronavirus deaths rises by 757 to over 14,500

Current Affairs

Spain’s number of coronavirus deaths rises by 757 to over 14,500

Spain’s number of coronavirus deaths rises by 757 to over 14,500 more than 1.4 lakh cases have been detected in the country.


The Health Ministry said that the number of daily coronavirus deaths killed 757 people on Wednesday for the second day, as 757 people died in the last 24 hours, although the proportionate daily increase in deaths slowed slightly.

Spain’s number of coronavirus deaths

Disposal of public health services has negatively affected former Spain hockey coach Jose Brasa

The ministry said the total fatalities due to the new coronavirus in Spain increased to 14,555 on Wednesday. The daily increase as a percentage of total deaths was 5.5%, down from 5.7% the day before, when 743 people died.

Twitter CEO to donate $1 billion for COVID-19 relief, largest by a private individual

Current Affairs

Twitter CEO to donate $1 billion for COVID-19 relief, largest by a private individual

Twitter CEO to donate $1 billion for COVID-19: This occurs as the largest donation given by a private person in the fight against coronavirus

Jack Dorsey, CEO of social media giant Twitter and digital payments platform Square, said on Tuesday that he would donate $ 1 billion to a charity working toward tackling the global COVID-19 epidemic.

The donation is the largest amount pledged by a private individual in the fight against the global coronavirus epidemic.

“I am taking $ 1B (~ 28% of my assets) of my Square Equity to #startsmall LLC for global COVID-19 relief.

After ending this epidemic, we focus on the girl’s health and education and UBI Will focus. It will operate transparently, all flows are tracked here, “Dorsey wrote on Twitter.

Twitter CEO to donate

The CEO of Twitter pulled the amount from his start-up Square as he owns most of the company compared to his stake in Twitter.

Take jack dorsi

“Why just draw from the square and not from Twitter? Bus: I own too many squares. And I will need to increase sales for some time.

The effect of this money will have to benefit both companies in the long term as it is helping the people we want to serve, ”he said.

Dorsey has also shared a Google sheet to keep track of where the funds have been spent and the donations they have made in the spirit of transparency.

According to the document, so far $ 100,000 has been given to the organization, created by America’s food fund Lauren Powell Jobs and Leonardo DiCaprio.

“Why is #LRS #StartSmall? It dedicates the segment and my shares to these causes and provides flexibility.

Grants will be received directly from the Start Small Foundation or LLC, depending on the beneficiary organization.

All transfers, sales, and grants. Tracking sheets will be made public, ”Dorsey wrote on the micro-blogging platform.

“Why transparency? It is important to show my work so that I and others can learn.

I discovered and funded ($ 40mm) proven in the past with many effects and efficiency, mostly anonymous.

Going forward, all grants will be public. Suggestions welcome. Quit your cash app, ”he said.

The charity will continue to operate even after the epidemic has had an impact on health. After this money will be given to the institutions that take care of the health and education of the girl child. ‘

Why UBI and girl’s health and education? I believe that they represent the best long-term solutions to the existential problems facing the world.

UBI is a great idea that requires experimentation. Dorsey explained that the girl’s health and education are important for balance.

The Twitter CEO’s pledge is the largest amount donated by a person.

The major donations so far have been made by the Bill and Melinda Gates Foundation, who have pledged less than 1 percent of their fortune to $ 100 million.

COVID-19 positive cases in India have reached 5194, death toll reaches 149

Current Affairs 2020

COVID-19 positive cases in India have reached 5194, death toll reaches 149

COVID-19 positive cases in India have reached 5194, death toll reaches 149 on Wednesday, 8 April.

This is a sign of 25 new deaths in 12 hours, which is the biggest jump for the country so far.

While there are 4,643 active cases, 401 people have recovered from the epidemic.

The highest number of cases reported so far is from Maharashtra, which was on alert today as a nurse at the popular Breach Candy Hospital, which tested positive for infection.

There has been an increase in many cases requesting the government to increase the 21-day lockout in the country announced by Prime Minister Narendra Modi.

Central government sources say that the decision on the lockdown can be taken by the weekend.

COVID-19 positive cases

The novel coronavirus has infected more than 1.4 million people worldwide and killed more than 84,000 people.

The number of deaths due to coronavirus on Tuesday in the US crossed 12,700, a record 1,900 deaths in a single day, as President Donald Trump sought to reassure a grieving nation that new data estimated the original form Fewer deaths than we thought.

Officials said the national number of death and infection cases was expected to rise during the next week, but expressed confidence that implementing social mitigation measures, including social mitigation, would help bring things under control over the next few weeks.

“We’re seeing light at the end of the tunnel,” Trump said during a White House meeting on small business. About 97 percent of America’s 330 million population are under housekeeping orders.

In the last 10 days, the US military has added thousands of new beds by converting large public spaces such as convention centers into makeshift hospitals.

Thousands of ventilators have been distributed along with millions of face masks, personal protective equipment, and necessary medical supplies.

There is actually a lot more business shrinking than anticipated, and that’s good, Trump said. “I think maybe we’re reaching the top of the curve,” he said.

Referring to his conversation with New York Governor Andrew Cuomo, he said he felt he was approaching the summit.

Hopefully, they are going to hit the downside soon by saying “this is, however, going to be a very tough week”.

“As we stand today looking at the number of losses in New York City, I want to assure the American people that there is cause for hope,” Vice President Mike Pence told reporters during the daily White House briefing on the coronavirus.

Total cases reach 4789 Coronavirus death toll in India rises to 124

Current Affairs

Total cases reach 4789 Coronavirus death toll in India rises to 124

Total cases reach 4789: Positive Coronavirus Cases In India Rise To 4,789; Death Toll At 124

The positive COVID-19 cases in India have risen to 4,789 as per the latest Health Ministry data updated till 6 PM on 7 April.

353 patients have recovered from the viral disease so far, while 124 have lost the battle.

With 868 cases, Maharashtra continues to be the worst affected state in the country followed by Tamil Nadu which has reported 621 cases.

Mumbai today (7 April) reported 100 new COVID-19 cases and five deaths as per data released by BMC. This takes the total positive cases in the city to 590.

Total cases reach 4789

India’s COVID-19 Tally Rises To 4,421; Over 31 Localities In UP Districts Sealed

The total number of people confirmed positive for the coronavirus in India has increased to 4,421 while 114 deaths were reported across the country, as per the latest data updated at 9 am today (7 April) by the Health Ministry.

According to the Health Ministry data, the confirmed cases of COVID-19 include 4,355 Indians and 66 foreign nationals.

Additionally, the total number of discharged/cured patients has risen to 325, while one patient has reportedly migrated to Singapore as per the latest data.

The total number of active cases across the country stands at 3,981 at the time of writing this report.

Meanwhile, more than 31 localities in various districts in Uttar Pradesh have been sealed completely, preventing any movement in the areas.

The localities that have been sealed off are those where Coronavirus positive cases have been found in the past 48 hours.

Ten localities were sealed on Monday in Rae Bareli district after two Tblighi Jamaatis, who had returned from Delhi, tested positive for Coronavirus.

Superintendent of Police, Rae Bareli, Swapnil Mamgain said that 200 policemen have been deployed in Nagar Kotwali area and the entire locality has been sealed after two Jamaatis, who had returned from Nizamuddin Markaz and were staying in a ”Dharamshala”, had tested positive.

He said that fire and health workers are continuously sanitizing the areas.

Similarly, Khairabad in Sitapur district was sealed after eight Bangladeshis living in a house owned by one Sadiq in the area tested positive for COVID-19 on Monday.

In Lucknow, the entire Sadar Bazaar area was sealed on Friday evening after 12 members of Tablighi Jamaat were found staying in a mosque and 11 of them tested positive for the deadly virus.

Ramesh Bhasin, a resident of the Sadar Bazaar that has been sealed, told IANS on the phone that they are not even being allowed to stand at their door or talk to neighbors through the windows.

Four localities have also been sealed in Varanasi. They include Madanpura, Bajardiha, Gangapur, and Lhota.

Besides, various localities in Pratapgarh, Hathras, Ghazipur, Azamgarh, and Kanpur have also been sealed.