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India has become a vocal critic of the kingdom’s hawkish stance on oil prices and OPEC+ output policy in recent months, with mounting tensions prompting the country to seek alternative sources of crude.
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A wish fulfilled: Senthil Kumaran with elephant Moorthy at Mudumalai
| Photo Credit:
Special Arrangement
Tamed Tuskers, Senthil Kumaran’s series of photographs that depicts the bond between elephants and their mahouts are on display at Madurai’s J C Art Gallery till July
Two decades ago when Senthil Kumaran was in school, he read about a wild elephant on the rampage in villages of Wayanad, Kerala.
In 1998, the nine feet tall rogue
makhna (male elephant without tusk) killed 23 villagers and was eventually captured by the Forest Department, then sent for rehabilitation at Mudumalai Elephant Camp. He was christened Moorthy after the veterinarian at Mudumalai, Dr A Krishnamurthy.
Bharat Petroleum Corporation has increased the proportion of spot crude purchases to about 45 per cent
India s refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic. Spot crude imports into the world s third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant Facts Global Energy. The increased purchases are coming as India s top suppliers, including Saudi Arabia and Iraq, curtail output as part of the OPEC+ pact.
The shift underscores how other producers are benefiting from the cuts as consumption returns in markets like India. It s been especially good to exporters like the U.S. and Nigeria, whose crude produces more gasoline that s in high demand as the pandemic pushes people to private cars instead of public transport.