Iran to oppose proposal to raise OPEC crude output
Tehran, June 20 : Iran will not accept Saudi Arabia's proposal to increase crude output of Organization of the Petroleum Exporting Countries (OPEC), Iran's representative to the OPEC was quoted as saying on Tuesday.
Iran, along with Venezuela and Iraq, is going to veto the Saudi Arabia's proposal at the June 22 OPEC meeting in Vienna, Hossein Kazempour Ardebili was quoted by Tehran Times daily as saying.
"If Russia also increases its production, that would be a breach of the cooperation agreement," Ardebili said, reports Xinhua.
OPEC members will discuss at the meet the proposal by Saudi Arabia to end the OPEC/ non-OPEC deal to balance the oil market and increase the oil price.
Last year, OPEC members unanimously agreed on the oil price of USD 60 dollars per barrel, by cutting oil output by 1.2 million barrels per day (bpd) to 32.5 million bpd.
Non-OPEC members including Russia, Oman and Mexico also agreed to cut 558,000 bpd off their production to stabilise the market.
Meanwhile, oil prices ended lower on Tuesday as investors awaited the upcoming OPEC meeting.
The West Texas Intermediate for July delivery fell USD 0.78 to settle at USD 65.07 a barrel on the New York Mercantile Exchange, while Brent crude for August delivery was down USD 0.26 to close at USD 75.08 a barrel on the London ICE Futures Exchange.
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Supriya Sule vows to rebuild NCP (SP) with renewed commitment
Mumbai, Nov 24: Senior NCP (SP) leader Supriya Sule said on Sunday that her party, which won 10 seats in the Maharashtra assembly elections, respects people’s mandate and pledged to work towards a capable, inclusive and progressive state.
In a statement on X, the Baramati MP promised to rebuild their party and said it would move forward with determination despite its dismal show. Her party and its Maha Vikas Aghadi allies Congress and Shiv Sena (UBT) collectively bagged only 46 of the state’s 288 assembly seats.
“We respect and humbly accept the verdict of the people in the assembly elections. This result is a moment for deep reflection and renewal. We will introspect, learn, and rebuild with honesty, hard work, and an unshakable commitment to the values we stand for,” Sule wrote.
She stressed that her party was committed to creating a capable, inclusive, and progressive Maharashtra.
“Our vision of a capable, inclusive, and progressive Maharashtra remains unchanged. We reaffirm our pledge to fight for the rights, dignity, and self-respect of farmers, workers, women, youth, and every marginalised section of society,” Sule stated.
Sule said that her party will continue to carry forward the ideals of Chhatrapati Shivaji Maharaj, Dr Babasaheb Ambedkar, and social reformers like Jyotiba Phule. “We are determined to carry forward the timeless ideals of Shiv-Shahu-Phule-Ambedkar with renewed energy and purpose,” she wrote on the social media platform.
Sule congratulated those who had won in the elections. “We hope you will serve Maharashtra with dedication and prioritise the welfare of every citizen,” she said.
The MP, the daughter of NCP (SP) chief Sharad Pawar, expressed gratitude to the voters, party workers, their MVA allies and the authorities for facilitating the elections.
“A heartfelt thank you to all voters, the diligent workers and leaders of NCP (SP), our Maha Vikas Aghadi allies, the Election Commission, police, administration, media, and everyone who contributed to making this election a vibrant celebration of democracy," Sule added.
Sule said the party would remain focused on its goals and continue its efforts to serve the people of Maharashtra. “We remain steadfast. Our fight continues—with humility, with courage, and with the hope of building a Maharashtra that fulfils the dreams of its people,” she added.
Sharad Pawar suffered the worst-ever defeat in his political career in Maharashtra polls with the NCP faction led by him winning only 10 seats in the 288-member House. His MVA partners Congress and Sena (UBT) got 16 and 20 seats, respectively.
The ruling Mahayuti scored a massive victory with the BJP winning 132 seats, Shiv Sena led by Eknath Shinde emerging victorious in 57, and NCP headed by Ajit Pawar grabbing 41 seats.
