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MIDDLE EAST EXPORTS
Hyundai India Q1 profit misses estimates, drops 35% on disruptionsHyundai Motor India reported a 35% decline in Q1 net profit, missing estimates as production disruptions and weaker Middle East exports hur...- Can China restrain Iran? Gulf states test Beijing's influenceGulf Arab states are seeking China's economic influence over Iran to secure vital shipping lanes. They are frustrated with Washington's per...
- Reliance ramps up diesel exports to Europe, Brazil in July, sources sayReliance Industries sharply increased diesel exports to Europe and Brazil in July as global fuel markets tightened following the US-Iran co...
- Drone strike hits LNG vessel at Egypt's Damietta PortAn explosion rocked an LNG vessel at Egypt's Damietta Port after a drone strike. This incident raises fears of conflict spreading to energy...
- China holds talks with Houthis to allow tankers via Red SeaChina was among the first countries to contact the Houthis directly about transits through Bab el-Mandeb, the strait at the southern end of...
- Brent crude jumps 7%, climbs over $90 on escalating Middle East strikesOil prices surged significantly amid renewed Middle East airstrikes and supply concerns. U.S. crude inventories dropped to a multi-year low...
- SAIL, Krakatau Steel plan $350 million investment in stainless steel plantIndia's Steel Authority of India and Indonesia's Krakatau Steel will invest $350 million. A new stainless steel slab plant in Indonesia wil...
- Oil Price Today (July 28): Crude oil dips 10% in two sessions as US, Iran mull peace talks. What are experts saying?Brent crude futures were down $0.78, or 1%, at $88 a barrel, while US West Texas Intermediate crude fell $0.88, or 1.1%, to $82. Both bench...
- India's engineering exports climb 21% to $11.48 bn as China demand surges 74%India's engineering exports rose 21% year-on-year to $11.48 billion in June, supported by strong demand from China, the US, Germany and Oma...
- US energy cushion faces new stress test as Middle East risks rise againAs Middle East tensions rise, America’s energy market stability is put to the test. Record levels of electricity demand and heavy data-cent...
- Why the coming winter is going to be a long, cold one for EuropeEurope will face the next winter with alarmingly low energy supplies and heating oil inventories. Global markets for liquefied natural gas ...
- Engineering goods exports surge 21% in June, over five-fold rise in shipments to OmanIndia's engineering exports reached US$11.48 billion in June, marking a 21% year-on-year increase. Shipments to Oman and China saw substant...
- Red Sea shipping slows after Houthi attack on Saudi Arabia, data showsShip traffic through Bab el-Mandeb decreased Sunday after Houthi attacks on Saudi oil sites. Fewer than ten commodity vessels passed throug...
- Oil Price Today (July 27): Crude oil dips 5%, below $95 as US pauses strikes on Iran. What are experts saying?Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US We...
- Global wheat rally revives India's export prospects as government allows 5 million tonnes of wheat exports after a four-year banWith global wheat prices soaring, Indian wheat stands to benefit from new export avenues. India, possessing ample wheat reserves, has set t...
- Houthis say they don't seek to close key Bab al-Mandeb StraitA Houthi spokesman said Friday that the rebels were not blocking traffic through the strategic Bab al-Mandeb Strait, after they declared a ...
- Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources sayPakistan is exploring ways to revive stalled US-Iran talks following a push by China, with exploratory discussions held during Iranian Inte...
- Euro zone business activity returns to growth in July for first time in four months, PMI showsEuro zone business activity returned to growth in July for the first time in four months, driven by a rebound in new orders and stronger ma...
- Indian steelmakers pivot home as Europe tightens imports, China squeezes marginsIndian steelmakers are shifting focus to domestic markets amid tighter European import rules. Exports to the EU and Britain are expected to...
- Relieved that crude has finally fallen? The real warning signs just began flashing elsewhereAs the Iran crisis enters its fifth month, traders have become increasingly convinced that Trump will do almost anything to avoid a politic...
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