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OIL PRICES SURGE TO RECORD HIGHS
Indian state refiners ready for Iran oil if US extends waiversIndian refiners are exploring Iranian crude purchases if US waivers extend beyond August. They have fully contracted shipments through Augu...- Global Market: Asian refiners turn to cheaper Gulf oil despite Saudi price cutsSaudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper ...
- Global oil market weathers Iran war shock, but reserve depletion raises future price risksThe global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts ...
- The likely loser in Gulf's post-war race for oil market shareUnited Arab Emirates is leading oil producers in a fierce market share battle. Saudi Arabia and other Gulf nations are increasing exports s...
- Auto retail sales surge 22% to record 2.56 million in June; Dealers expect growth momentum to continue with rains picking upVehicle retail sales reached a record high in June, showing a significant year-on-year increase. This robust growth was supported by strong...
- Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a s...
- India's fuel consumption drops 3.7% in June from previous monthIndia's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant yea...
- US service sector growth dips in June; employment rebounds after months of contractionUS services sector activity saw a slight dip in June as the impact of Middle East war-driven order rushes faded. However, employment reboun...
- Fall in global crude prices brightens fiscal outlook, El Nino risks lingerEasing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previo...
- Explained: Why aluminium is emerging as manufacturers' preferred alternative to copperRecord copper prices are accelerating manufacturers' shift toward aluminium, driven by lower costs and lighter weight. Automakers are expan...
- US' largest power grid PJM orders emergency curbs as electricity use nears record peakAmerica's largest power grid operator, PJM, urged customers to reduce electricity use amid a severe heatwave. Generator outages and overloa...
- OMCs lost Rs 18.9/litre on diesel, ₹6 on petrol in Q1State-run oil companies faced significant losses in the April-June quarter, losing ₹18.9 per litre on diesel and ₹6 on petrol. This downtur...
- World food prices ease for second month in June, UN's FAO saysIn June, global food prices experienced a slight reduction, as reported by the FAO of the UN. The decline was mainly fueled by decreasing p...
- FMCG companies ride the heatwave to make cool gainsIntense heatwaves fueled double-digit sales growth for FMCG, white goods, and retailers in the April-June quarter. Companies reported impro...
- Air India cuts fuel surcharges for North America, Europe flightsAir India has significantly reduced fuel surcharges on flights to North America, Australia, Europe, and the UK, effective July 1. This move...
- India not exporting fuel directly to Russia, any supplies are trader-led: PuriIndia's Oil Minister, Hardeep Singh Puri, has stated that Indian companies are not directly supplying refined fuels to Russia. While report...
- Bought gold and silver at the top? Here's what experts suggest after prices plunged up to 50% from January highsGold and silver have corrected sharply from their record highs after a stellar rally, leaving many investors with losses. Experts attribute...
- India's June crude imports hit record high as Russian supplies surge despite West Asia tensionsIndia's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidifi...
- India's Russian oil imports to hit record high in June, data showsIndia's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to ...
- India bonds edge up, supported by steady oil prices, halt to US-Iran strikesIndian government bonds saw an early rise on Monday, buoyed by strong foreign investment and stable oil prices, which helped offset geopoli...
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