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EUROPEAN REFINERY OUTPUT INCREASE
NEW ISP: 14 of 19 sectors see double-digit growth in AprilIndia's formal services sector began the new fiscal year strongly in April. Fourteen of nineteen sectors tracked by the new Index of Servic...- Intel announces $5.7 billion capital investment at Irish manufacturing hubIntel is investing five billion euros at its Irish campus. This expansion aims to boost manufacturing output for AI and high-performance co...
- Aditya Birla Group proposes Rs 12,000 crore Odisha alumina refinery expansionAditya Birla Group plans a significant Rs 12,000 crore investment for its Odisha alumina refinery. This expansion will triple the refinery'...
- How Europe is keeping planes flying despite jet fuel risksEurope faces significant jet fuel supply risks due to Middle East tensions. The region imports heavily and has limited reserves for disrupt...
- Time to bet on Nalco, Hindalco, Vedanta Aluminium Metal? Expert says recent weakness could be viewed as accumulation opportunityAluminium prices have seen significant swings this year driven by geopolitical tensions. Demand from key sectors like electric vehicles is ...
- US-Iran war: Oil flow through Hormuz rises after ceasefire, but fresh strikes spark fears, IEA saysIran war news: Oil flows through the Strait of Hormuz recovered sharply after a ceasefire. Renewed hostilities this week have revived uncer...
- India's Russian crude imports hit record in Jun even as Moscow's oil revenues slipIndia's Russian crude oil imports reached a record high in June. This surge made India the second-largest buyer of Russian hydrocarbons glo...
- Aditya Birla Group eyes Rs 12,000 crore investment to expand Kansariguda alumina refinery in OdishaOdisha Chief Minister met with Kumar Mangalam Birla to discuss investments. The Aditya Birla Group proposed expanding its Kansariguda alumi...
- In reverse flow, India now supplies petrol to energy powerhouse RussiaIndia's petrol is navigating its way to Russia via international traders rather than through direct sales channels. The damage to Russia's ...
- Russia's diesel export ban deepens global supply crunchRussia's diesel export ban has significantly impacted global energy markets. This action exacerbated existing fuel shortages and drove pric...
- Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopeningGlobal oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United Sta...
- Refined products exports may rise 25% on IOCL's bet: Rs 75,000 crore investment to add 17.3 MMTPA capacity across three units by year-endIndian Oil Corporation's expansion will boost refining capacity by December 2026. This increase is expected to significantly raise India's ...
- Russia's Saratov oil refinery at a halt since Wednesday's drone attack: Sources report to ReutersRussia's Saratov oil refinery stopped processing oil Wednesday after a drone attack. This incident follows similar Ukrainian strikes on Rus...
- Russian President Vladimir Putin likely to escalate Ukraine war, despite Donald Trump peace push, sources sayKremlin sources indicate a high probability of conflict escalation in coming months. President Putin rejects peace talks, seeking full Donb...
- Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikesRussia has banned diesel exports to support its domestic fuel market. This action follows Ukrainian drone attacks on oil refineries causing...
- Trump blasts NATO for rejecting his efforts to claim Greenland as leaders hold a summit in TurkeyIn a recent address, President Trump lambasted NATO allies for their approaches to Greenland and Iran, while also expressing frustration ov...
- Saudi Arabia mulls big new plan, eyes post-war oil route reset to bypass volatile HormuzSaudi Arabia is considering expanding its crude oil pipeline capacity. This move aims to bypass the Strait of Hormuz for exports. Neighbour...
- Oil slips after OPEC+ agrees to raise output targetsOil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despi...
- Diplomatic relations, right decisions: PM Modi outlines how India weathered Iran warPrime Minister Narendra Modi highlighted India's successful navigation of the West Asia crisis, attributing it to timely and correct decisi...
- Venezuela's largest refinery shutdown after power outage, sources sayVenezuela's largest Amuay refinery, a crucial fuel producer, faced a temporary shutdown due to a power outage following recent deadly earth...
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