Saudi minister calls for 1 million barrels per day global oil output cut
Abu Dhabi, Nov 12: Oil producing countries should cut output by one million barrels per day to re-balance the market, Saudi Arabia's energy minister said Monday, following a drop in crude prices.
"The technical analysis we reviewed yesterday shows that we need a reduction approaching one million bpd to balance the market," Khalid al-Falih told an energy conference in Abu Dhabi.
Falih said Saudi Arabia, the world's largest oil supplier, will cut its production by 500,000 bpd as of next month to help stabilise the market.
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Delegation requests for Karnataka HC Bench in coastal districts, hands petition to Chief Justice
Udupi: A delegation of the High Court Bench Struggle Committee met and submitted a petition to the Karnataka High Court Chief Justice Vibhu Bakhru at the Circuit House urging the opening of a High Court Bench in the coastal belt as well as a Mobile High Court Bench in Mangaluru.
MLC and convener of the Committee Ivan D’Souza, who spoke to the Chief Justice on the occasion, explained that the people of the coastal belt find it difficult to travel to Bengaluru to fight a petition in the High Court. The problem only aggravated during monsoon. D’Souza added that there was a delay in clearing the cases of Udupi, Chikkamagaluru and Kodagu districts, which was causing further inconvenience to the people.
The MLC, who pointed out that Chief Minister Siddaramaiah had also shown his preference for establishing a High Court Bench in the coastal region, requested for an approval to establish a Mobile High Court Bench first.
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Responding to this request, Chief Justice Bakhru assured to take action on the request as soon as possible.
The delegation included Mangalore Bar Association President Raghavendra HV, Dakshina Kannada Principal Government Pleader MP Noronha, General Secretary Sridhar H, Udupi Bar Association President Reynold Praveen Kumar, General Secretary Chandrashekhar Shetty, Vice-president Devadas V Shettigar and Brahmavar Bar Association President Kadoor Praveen Shetty.
