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CHINA OIL IMPORTS
Gold prices are sliding but China goes on a relentless buying spreeChina's People’s Bank has significantly increased gold reserves in September, marking its highest growth rate in three years. As demand for...- Banks may explore easier forex hedging amid RBI curbsThe Reserve Bank of India has implemented fresh regulations that drastically reduce the maximum limit for dollar forward transactions by co...
- US-China supertanker freight cost eases from record, data showsFreight rates for shipping US crude oil to China have recently eased after reaching record levels. The rate dropped to $634,974 per day, a ...
- India’s rupee defence raises question of how far RBI will goThe Reserve Bank of India implemented strong measures to stabilise the rupee as external pressures intensify. This includes opening a dolla...
- MP & former FS Shringla highlights significance of Russian oil supplies in interests of India’s 1.4 billion people & keeping global energy prices under controlHarsh Vardhan Shringla has defended India’s Russian oil imports, warning that stopping purchases could push up global energy prices and und...
- ‘We have all of those elements’ in India, says BP CEO Meg O’Neill as firm weighs oil and gas bids under Samudra Manthan schemeIndia's government has introduced the Samudra Manthan policy to enhance energy security through increased oil exploration. BP's CEO Meg O'N...
- EU and China strike interim trade deal that could cut Chinese hybrid exportsChina and the European Union have agreed on a preliminary trade deal to address trade imbalances. This deal includes reduced tariffs on cer...
- Gold price today: Gold rate becomes cheaper for certain buyers. Here's howGold rate rose more than 1 per cent on Friday, helped by a softer US dollar and lower oil prices. However, for some buyers, gold price has ...
- Global Market: Singapore likely to tighten monetary policy as growth and inflation risks mountSingapore’s central bank is widely expected to tighten monetary policy on October 14 as resilient economic growth and rising inflation risk...
- ET Evoke: ‘Shipping, moving 80% world trade, is far more volatile than stocks,’ says Harvard University's Myrto KalouptsidiMyrto Kalouptsidi, Harvard professor of international economics, explains how shipping disruptions at chokepoints such as Hormuz, Suez and ...
- Will EU press the ‘kill switch’ on China? Trade war looms over talksEU officials are raising alarms over the escalating trade deficits with China, exceeding one billion euros on a daily basis. The spike in C...
- India shuns costly Russian oil as Middle East flows recoverIndian refiners have decreased their purchases of Russian crude oil for November delivery as prices rise. Competition from China is further...
- Building the route to India: Russian oil and mineral water producers expand overseasEcooil and Akva-Kristall are strategically enhancing export ties with Indian buyers. Leveraging their strong infrastructure for production,...
- India’s diesel exports hit 1-year high in September as record margins drive Europe shipmentsIndia’s diesel exports rose to a one-year high of about 620,000 barrels per day in September as record refining margins encouraged refiners...
- Is your used kitchen oil the future of aviation? Kelantan innovators turn UCO into sustainable jet fuelYour used kitchen oil can also power a jet! These Malaysian innovators are now turning waste into renewable energy - Meet Arjuna Dharma Glo...
- Ambani's Reliance drives India’s Venezuela oil imports to seven-year highIndia is expecting to significantly increase its imports of Venezuelan oil this month due to appealing discounts. Venezuelan crude deliveri...
- Chinese independent refiners turn to Iraq, Qatar as Iranian crude supplies dwindleChinese independent refiners have turned to buying Iraqi and Qatari crude as Iranian supplies dwindle. The traders report purchases totalin...
- India may be best placed to fill a China-sized hole in fuel exportsIndia could emerge as a key swing supplier of refined fuels as China suspends October exports, helped by recovering Middle Eastern crude im...
- China fuel export suspension to choke supplies in AsiaChina's recent export restrictions on oil products have affected several major importers in Southeast Asia and Australia. Singapore has see...
- BRICS isn’t killing the dollar. The world is learning to live without itBRICS aims to decrease reliance on the US dollar by facilitating trade in national currencies among member countries. This trend is evident...
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