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Time of India
7 hours ago
- Business
- Time of India
India's petroleum consumption to surge 5.37% annually till 2030: PHDCCI Report
According to a recent report by the PHD Chamber of Commerce and Industry (PHDCCI), India's petroleum product demand is forecast to increase by a CAGR of 5.37 per cent between 2025 and 2030, largely propelled by the manufacturing and transportation sectors. Diesel, petrol, Aviation Turbine Fuel (ATF), and petroleum coke are expected to lead this surge. India's economy is projected to grow at over 6 per cent annually, with primary energy demand increasing at a compound annual growth rate (CAGR) of 5.4 per cent. This robust economic expansion will inevitably fuel higher energy consumption. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The 20 Most Expensive Cars Of All Time Additionally, Natural gas consumption is also projected to see substantial growth, with a nearly 60per cent increase (37 bcm/year) by 2030, reaching 103 bcm/year. The City Gas Distribution (CGD) sector, along with heavy industrial and manufacturing sectors, are anticipated to drive this demand. Despite this rising demand, India faces inherent vulnerabilities as over 85per cent of its crude oil needs are met through imports, positioning it as the world's third-largest oil importer. Furthermore, geopolitical instabilities, particularly in crucial chokepoints like the Hormuz Strait and Suez Canal, pose consistent threats to crude supply and pricing. Live Events On the price front, Brent crude prices are forecast to decline from an average of USD 81/barrel in 2024 to USD 74/barrel in 2025 and further to USD 66/barrel in 2026. This decline is attributed to a global expansion in petroleum production outside OPEC+ and a more moderate demand growth. Domestically, India's crude oil production is expected to increase over the short term, reaching 48.5 Million Metric Tonnes (MMT) by FY 2026-27, before a projected decline to 45.5 MMT by FY 2029-30 due to maturing oil fields and limited new discoveries. In contrast, natural gas production is anticipated to rise significantly, reaching 54.7 Billion Cubic Meters (BCM) by FY 2029-30. This growth aligns with the government's objective to increase natural gas's share in the primary energy mix from 6 per cent to 15 per cent by 2030, a commitment driven by cleaner energy goals and reduced carbon emissions.
Boston Globe
7 hours ago
- Boston Globe
Brian Albert tells ABC News he would've ‘taken a bullet' for John O'Keefe
At both of Read's trials, her lawyers stressed that Albert did not go outside to investigate what was happening outside his house when law enforcement and paramedics arrived there early on Jan. 29, 2022, amid heavy snowfall, after Read, Albert's sister-in-law Jennifer McCabe, and another woman, Kerry Roberts, found O'Keefe's body on Albert's front yard on Fairview Road. Albert told ABC that McCabe had burst into his room that morning and told him and his wife that O'Keefe was lying dead on the lawn. Advertisement He said O'Keefe 'was already gone' to the hospital by that point and 'there was nobody to save,' adding that police were in his home when he came downstairs. 'That's the most ridiculous question that people always ask,' Albert told ABC. 'It makes zero sense. What am I supposed to do, run out front in my underwear and start running yellow tape around the fire hydrant?' Advertisement Albert spoke to ABC News with his wife, Nicole Albert; her sister, Jennifer McCabe and McCabe's husband, Matt McCabe; and Chris Albert, Brian Albert's brother. They all testified at one or both of the high-profile trials in Norfolk Superior Court. At Read's retrial, jurors on Wednesday cleared Read, 45, of killing O'Keefe, her boyfriend, rejecting the prosecution's assertion that she backed her Lexus SUV into him in a drunken rage after dropping him off on Fairview following a night of bar-hopping. Her lawyers said O'Keefe entered the property, where he was fatally beaten and possibly mauled by the Albert family's German Shepherd before his body was planted on the front lawn. 'You do realize for this conspiracy to be true, it would take 30 to 50 people,' Brian Albert told ABC. 'You'd have to have multiple cops in two different police departments, multiple civilians, the medical examiner, firemen, EMTs, you name it. That's how preposterous and silly this is. ... I don't understand how people bought this.' At trial, the defense stressed that Read in the weeks leading up to O'Keefe's death had exchanged flirtatious text messages with ATF Agent Brian Higgins, who was at the second bar with the group and later went to an afterparty at the Albert home. The jury also saw surveillance footage of Higgins gesturing aggressively toward O'Keefe at the second bar before the afterparty, and additional footage of Higgins walking into the Canton police station, where he had an office, around 1:30 a.m., about an hour after authorities said Read struck O'Keefe. Advertisement Higgins is seen walking inside the station before returning back to the parking lot, where he retrieves an empty duffel bag from a vehicle. He also retrieves a garden hoe from another area of the lot. Higgins testified at the first trial that he went to the station to move cars due to the snowstorm. He also said he discarded his phone a few months after Read was charged with killing O'Keefe, because he learned one of his targets in an ATF probe had obtained his number online. He did not testify at the retrial. The case also attracted the attention of the Justice Department, which launched a separate federal grand jury investigation into state law enforcement's handling of O'Keefe's death. No one was charged with any federal crimes. Read attorney David Yannetti, during pretrial proceedings before the first trial in March 2024, said in court that text messages recovered as part of the federal case showed a rift between the Alberts and Higgins. Citing one text sent to Higgins from Kevin Albert, Brian Albert's brother and a Canton police detective, Brian Albert told ABC that his family feels let down by the legal system. 'The criminal justice system has let us down at every turn,' Albert said. 'And yesterday [Read's acquittal] was the final letdown. And that's why we're here, because there's nobody left to stand up for us.' Advertisement Jennifer McCabe also addressed her disputed Google search during the interview. She had testified at trial that she Googled on her phone how long it takes to die in the cold around 6:30 a.m. at Read's request, even though the search was timestamped at 2:27 a.m. on her device and later deleted. Forensic experts testified for the prosecution at trial that McCabe appeared to have made the search at the later time on an old tab and that the deletion appeared to have been done automatically. Read 'asked me to do it, at um, outside of Fairview at 6:20, whatever it was,' McCabe told ABC. 'Doesn't matter how much I say about it, people will not believe it.' Her sister, Nicole Albert, offered advice to people drawn into criminal investigations. 'Think real long and hard before you're a witness in a case,' Nicole Albert said. 'Because no one protects you. And it's very, very sad.' Material from prior Globe stories was used in this report. Travis Andersen can be reached at
Hindustan Times
11 hours ago
- Business
- Hindustan Times
Air passengers in India likely to decline post-Air India plane crash: Report
Post recovery of Air passengers in May 2025 after the cessation of India-Pak hostilities, a report by ICICI Securities says the aviation ministry passenger travel data number indicates further decline in June. "As per daily data reported by MoCA, average daily passengers had seen a decline in May'25 following the geopolitical conflict. However, post-declaration of ceasefire, domestic air travel had returned to normalcy. Average daily passengers again declined post the unfortunate Air India accident on 12 Jun'25," the ICICI Securities report noted. According to the report the average daily passengers in April this year was at 490K, however, a decline was witnessed in May 2025 due to India-Pakistan geopolitical conflict. However, Average daily pax returned to 490l before 12 Jun'25 (before Air India incident), post which it has declined to 460k again. On the international travel side, international air travel has experienced a setback since May 2025, weighed down by geopolitical issues like the India-Pakistan conflict. Recently, Air India has reduced its international services on wide-body aircraft by 15 per cent for the next few weeks. The decision comes after the tragic loss of 241 lives on board Air India-171 flight, which crashed in Ahmedabad. "Air India cancelled 83 wide-body operations between 12 and 17 Jun'25. As per daily data reported by MoCA, average daily international passengers have declined from 118k in Apr'25 to 113k in May'25 and 102k in Jun'25," adds the report. However, ICICI securities believes that the weakness in Aviation Turbine Fuel (ATF) price could offset the weakness seen in passenger demand in May/Jun' prices have experienced weakness as average ATF prices declined 8.2 per cent in Q1FY26 to ₹86k/KL vs. ₹94k/KL in Q4FY25. But now, because of the recent geopolitical crisis, crude oil prices are going up, which can change the dynamics for the airline sector. "On the backdrop of the current geopolitical scenario, crude oil prices have increased approx. 20 per cent since the start of Jun'25 to USD 77/bbl., as on19 Jun'25. This surge in prices may pose a threat to earnings in the seasonally weak Q2 ahead," the report said.
India Gazette
12 hours ago
- Business
- India Gazette
Air passengers in India likely to decline in June, after tragic Air India incident: Report
New Delhi [India], June 20 (ANI): Post recovery of Air passengers in May 2025 after the cessation of India-Pak hostilities, a report by ICICI Securities says the aviation ministry passenger travel data number indicates further decline in June. 'As per daily data reported by MoCA, average daily passengers had seen a decline in May'25 following the geopolitical conflict. However, post-declaration of ceasefire, domestic air travel had returned to normalcy. Average daily passengers again declined post the unfortunate Air India accident on 12 Jun'25,' the ICICI Securities report to the report the average daily passengers in April this year was at 490K, however, a decline was witnessed in May 2025 due to India-Pakistan geopolitical conflict. However, Average daily pax returned to 490l before 12 Jun'25 (before Air India incident), post which it has declined to 460k the international travel side, international air travel has experienced a setback since May 2025, weighed down by geopolitical issues like the India-Pakistan Air India has reduced its international services on wide-body aircraft by 15 per cent for the next few weeks. The decision comes after the tragic loss of 241 lives on board Air India-171 flight, which crashed in Ahmedabad. 'Air India cancelled 83 wide-body operations between 12 and 17 Jun'25. As per daily data reported by MoCA, average daily international passengers have declined from 118k in Apr'25 to 113k in May'25 and 102k in Jun'25,' adds the ICICI securities believes that the weakness in Aviation Turbine Fuel (ATF) price could offset the weakness seen in passenger demand in May/Jun' prices have experienced weakness as average ATF prices declined 8.2 per cent on a QoQ basis in Q1FY26 to Rs 86k/KL vs. Rs 94k/KL in Q4FY25. But now, because of the recent geopolitical crisis, crude oil prices are going up, which can change the dynamics for the airline sector. 'On the backdrop of the current geopolitical scenario, crude oil prices have increased approx. 20 per cent since the start of Jun'25 to USD 77/bbl., as on19 Jun'25. This surge in prices may pose a threat to earnings in the seasonally weak Q2 ahead,' the report said. (ANI)
Boston Globe
a day ago
- Boston Globe
After Karen Read was acquitted of killing her boyfriend, a look at the key evidence presented in her successful defense
But her lawyers said Here's a look at several key issues that may have cast doubt about the government's case in the eyes of jurors. Advertisement Brian Higgins's texts, video footage, statements Brian Higgins testifies during the trial of Karen Read on May 24, 2024. Charles Krupa/Associated Press Throughout the retrial, Read's lawyers focused on ATF agent Brian Higgins, who attended the afterparty at the Canton home and was a key figure in the first trial. He did not testify at the retrial, but Read's defense team questioned other witnesses in an effort to show he may have had a motive to harm O'Keefe. Jurors saw Advertisement The jury also learned that State Police never directly searched Higgins's phone; instead, he provided the text messages himself to investigators, according to State Police Sgt. Yuri Bukhenik, who testified that he felt the texts showed Read was pursuing Higgins romantically. Jurors also viewed surveillance footage from the Waterfall, the second bar the group went to before the afterparty, where O'Keefe kisses Read on the forehead in view of Higgins, who's later seen gesturing aggressively towards O'Keefe as Albert's brother grabs his forearm to restrain him. Jurors also viewed In that footage, Higgins is seen briefly ducking into dispatch and then exiting the station on his phone before he retrieves an empty duffel bag from another vehicle in the parking lot. He also retrieves a garden hoe from another area of the lot. (Higgins testified at the first trial that he went to the police station to move cars due to the snowstorm.) Read attorney Alan Jackson also Higggins also testified during the first trial that he disposed of his phone a few months after O'Keefe's death on a Cape Cod military base after a target of one of his ATF probes called him and said his girlfriend had gotten the number off the Internet. Advertisement Jennifer McCabe's Google search, statements, texts Jennifer McCabe continues her cross-examination testimony during the Karen Read murder trial in Norfolk Superior Court on April 30, 2025. Greg Derr/Associated Press Jennifer McCabe, Brian Albert's sister-in-law, But on cross-examination, she was confronted with a Google search on her phone timestamped 2:27 a.m., five minutes after the alleged butt dials between Higgins and Brian Albert, that said 'hos [sic] long to die in cold.' McCabe testified that she actually made that search hours later at the crime scene at Read's request, and government forensic experts The government experts also said the deletion of the search appeared to have been done automatically, rather than manually by the user. The defense also pressed McCabe about her initial evasiveness when the FBI first approached her outside her home to discuss the case in April 2023. The jurors were told only that the agents were from an unspecified law enforcement agency, as they were barred from knowing the Justice Department had convened a separate federal grand jury investigation into the state authorities' handling of O'Keefe's death. Advertisement The authorities later called her when she was in her house and identified themselves as law enforcement, she said. McCabe said she told the investigators she would speak with them but she needed about 10 minutes to get ready. Jackson asked McCabe if she suspended that interview at one point because she didn't feel comfortable, and she said, 'correct.' She said she had also called her husband who returned home, and that she had also called Roberts before the interview began. Omissions in the investigation Jurors learned that authorities, while they questioned some witnesses inside the Canton home on the morning of O'Keefe's death, never conducted a search of the premises. In addition, jurors were told that investigators never reviewed Ring video footage from the front porch of a Canton police official who lived diagonally across the street from Brian Albert. Paul Gallagher, a retired Canton police lieutenant, O'Keefe's injuries Dr. Irini Scordi-Bello, the medical examiner who conducted the autopsy on John O'Keefe, testifies during the trial of Karen Read on May 15, 2025. Mark Stockwell/AP, Pool Dr. Irini Scordi-Bello, the state medical examiner who conducted O'Keefe's autopsy, Scordi-Bello also testified, however, that O'Keefe's manner of death was undetermined, and that she 'did examine his legs and I did not see any evidence of an impact site.' O'Keefe had also sustained a number of linear scratches on his right arm, and a defense expert, Dr. Marie Russell, a veteran emergency room physician in Los Angeles and former Malden police officer, Advertisement A government expert testified that the scratches were consistent with O'Keefe's arm being caught in Read's shattered taillight. But the defense also called another expert, Dr. Elizabeth Laposata, the former chief medical examiner in Rhode Island, who The ARCCA witnesses Expert Daniel Wolfe returns to the stand in the murder retrial of Karen Read in Norfolk Superior Court, Monday June 9, 2025, in Dedham, Mass. (Pat Greenhouse/The Boston Globe via AP, Pool) Pat Greenhouse/Associated Press The defense also called two analysts from the Philadelphia-based crash reconstruction firm ARCCA, who Government experts contradicted that assessment, but the word of the ARCCA analysts, who were initially hired by the Justice Department as part of the federal probe and later retained by the defense, evidently carried weight with jurors. The defense also repeatedly mocked a so-called paint In his closing argument, Jackson likened the 'ridiculous blue paint' test to a 'kindergarten project.' Allegations of vehicle tampering, planting evidence, firing of lead investigato Law enforcement witnesses also testified to recovering a number of taillight shards and a broken drinking glass at the crime scene near O'Keefe's body, Advertisement But jurors learned that many of the pieces on the lawn were discovered days after the initial snowy search, including Jackson asked Bukhenik if he had asked Berkowitz, 'No,' Bukhenik said repeatedly. Canton police quickly recused themselves from the investigation because a detective on the force is Brian Albert's brother. Jurors were also told The jury learned Proctor was Dever Dever, speaking in a deliberate tone, testified that the defense later produced a timeline showing the SUV was brought into the garage after her shift ended that day, 'meaning it is not possible that I saw that.' Dever said it was a 'false memory' that she 'provided in good faith,' which she then 'retracted immediately [upon] being provided evidence that it was not possible.' She also testified that Boston police Commissioner Michael Cox, her boss at her current department, had called her into his office for a one-on-one discussion before her testimony at the retrial. Jackson asked if Cox told her to 'do the right thing,' and Dever said she couldn't recall the direct quote. 'He said nothing with the intent of guiding me one way or the other,' Dever said, adding that Cox 'wanted me to tell the truth up here.' Dever also testified that she must be truthful, adding that 'my entire job revolves around what I say on the stand right now.' Jackson pointedly reminded jurors of that statement at closing, adding, 'you bet it does.' Dighton police officer Nicholas Barros's testimony Jurors also State Police seized the SUV after interviewing Read inside the residence, and Barros told the jury the taillight damage was more severe in a photo of the vehicle inside the Canton police garage than when he saw it in Dighton. 'That taillight is completely smashed out' in the Canton photo, Barros said. 'That middle section was intact when I was there' in Dighton. Prosecutor Hank Brennan highlighted that Barros had testified differently during the first trial. But the officer was adamant. 'I know what I saw,' Barros said. 'And that wasn't it.' Travis Andersen can be reached at
