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Libya recently doubled output to 600,000 bpd, and Jonathan Barratt, CIO at Sydneys Ayers Alliance, said the country had the capacity to ramp up production further, to as much as 1.2 million bpd.But optimism that oil producers would stick to an agreement made earlier this month to cut output by almost 1.8 million bpd from Jan. 1 reined in the drop in prices. "It is a safe assumption particularly in the early stages that Opec and non-Opec producers will abide by the agreement to curb output," said Ric Spooner, chief market analyst at CMC Markets in Sydney.Seoul: Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal rubber seal Suppliers between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining the global supply glut.Inteational Brent crude oil prices LCOc1 were trading up 31 cents, or 0.55 per cent, at $57.13 a barrel at 0203 GMT on Tuesday - close to last years high of $57.89 per barrel, hit on December 12. Oil markets were closed on Monday after the New Years holiday.

US benchmark West Texas Intermediate (WTI) CLc1 crude oil prices were up 32 cents, or 0.6 percent, at $54.04, not far from last years high of $54.51 reached on December 12.January 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC member countries such as Russia in November last year to reduce output by almost 1.8 million barrels per day.Market watchers said January will serve as an indicator for whether the agreement will stick."Markets will be looking for anecdotal evidence for production cuts," said Ric Spooner, chief market analyst at Sydneys CMC Markets. "The most likely scenario is OPEC and non-OPEC member countries will be committed to the deal, especially in early stages."Libya, one of two OPEC member countries exempt from cuts, increased its production to 685,000 barrels per day (bpd) as of Sunday, up from around 600,000 a day in December, according to an official from the National Oil Corporation (NOC).Elsewhere in OPEC, member country Oman told customers last week that it will cut its crude term allocation volumes by 5 percent in March.

Non-OPEC member Russias oil production in December remained unchanged at 11.21 million bpd, but it was preparing to cut output by 300,000 bpd in the first half of 2017 in its contribution to the production cut accord.Young people down the ages have always looked for inspiration and I was no different. One such inspiration was Swami Vivekanand. I was fascinated by his story: How he came from an aristocratic family and then went on to become one of the most revered spiritual leaders of his time. Two timelines and addresses stood out in his biography — his 1882 meeting with Ramakrishna Paramahansa in Kolkata which answered his questions and formed his beliefs; and his 1893 visit to Boston to meet professor John Henry Wright of Harvard University, which led to his eventual famous speech at the Parliament of World Religions in Chicago.

　　Oil marketing companies on Tuesday reduced petrol price by mere 50 paise a litre and diesel by just 46 paise per litre despite crude oil prices touching 11 years low.There is speculation that the Modi govement may once again hike excise duty on petrol and diesel, so decrease on fuel prices has been less than expected. With this change, petrol in Delhi will cost Rs 59.98 a litre and diesel Rs 46.09 a litre.Oil marketing companies revise petrol and diesel prices on 1st and 16th of every month based on Skeleton oil seal for sale average imported cost and rupee-dollar exchange rate in the previous fortnight.The rate of basket of oil that India buys hit a 11-year low of $34.39 per barrel on Monday. However, an average for the fortnight which is taken into account for calculating new prices was $4-5 more."The current level of inteational product prices of petrol and diesel and rupee-US dollar exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision," said Indian Oil Corporation (IOC).People are paying twice as the excise duty on petrol and diesel since BJP-led NDA govement under Prime minister Narendra Modi came into power, according to a written reply of the govement in the Parliament.

　　Oil minister Dharm-endra Pradhan in a written reply to a question in the Rajya Sabha earlier this month had said excise duty on petrol was Rs 9.48 per litre in April, 2014, which after five rounds of hikes has risen to Rs19.06. Also the excise duty on diesel was Rs 3.65 per litre in April, 2014 which after five rounds of excise duty hikes has risen to Rs10.66.The govement had collected Rs 99,184 crore in excise collections from the petroleum sector in 2014-15. This was Rs 33,042 crore in the first quarter of the current fiscal.For those bored of aloo, pyaaz and paneer pakoras as tea time snacks, non-veg pakoras like chicken and jalapeño pakoras, hariyali macchi pakoras, tropical prawn pakoras are some interesting options to satiate your taste buds Fish pakoraingredientsFish fillets, boneless and skinless 500 gmGreen chillies 6-7Frying oil 500-600 mlBatter Flour 250 gmBaking powder tspSalt 1 tspPepper tspClub soda (cold) 200 mlIce cubes 2MethodCut the fish into portions about 1" by 4-6" long and set aside.

　　Mix together flour, baking powder, salt and pepper. Add soda and drop in two ice cubes to the batter. Dip fish chunks in the batter and coat with green chilli. Deep-fry till golden brown. Recipe courtesy: chef Lalit Singh, Filmy Café & BarChicken And jalapeño pakorasingredientsChicken wings 500 gmRefined oil 400 gmGarlic cloves 4-5Chopped bacon 3 stripsChopped parsley Chopped jalapeñoEgg for blendingFlour for dusting 150 gmBread crumbs for coating 100 gm Lemon 1Mayonnaise 2 tbspMethodMince chicken in a meat grinder. Add chopped bacon and jalapeño. Check for seasoning. Add beaten egg, parsley, flour and breadcrumbs. Deep fry till golden brown. Prepare the sauce by adding garlic, lemon juice, parsley and seasoning to mayonnaise and mix. Serve pakoras with prepared sauce.Recipe courtesy: London CafeHariyali macchi pakoraIngredientsFish, boneless 400 gmGinger garlic paste 2 tbspBesan 150 gmHaldi powder 1 tspGreen chilli 10 gmGaram masala 15 gmGreen coriander 50 gmMint 50 gmCooking oil for frying.