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OIL CONSUMPTION
Welspun Corp’s $350 million US bet rides rising oil, gas pipeline demandWelspun Corp is focusing on the US market by investing $300-350 million in two manufacturing plants. The company aims to benefit from incre...- Bank of Japan may raise inflation forecast, stand pat on rates, sources sayThe Bank of Japan plans to slightly upgrade its fiscal year 2027 inflation forecasts this month. Interest rates are expected to remain stab...
- Global Market: China and Hong Kong shares weaken as stable growth eases stimulus betsChina and Hong Kong stocks weakened on Tuesday, joining a broader retreat in the region, after Beijing kept key lending rates unchanged and...
- Asia’s resilience masks a growing jobs challenge as AI reshapes workThe Asia-Pacific region has shown resilience despite energy shocks and trade restrictions, with the IMF projecting 4.8% growth. While some ...
- US blinks on Russia, India less flutteredTrump's decision to waive tougher sanctions against Russia aims to ensure US diesel supply until the midterm elections. The waiver, however...
- China's economy grows 4.5 pc in Q3 as AI-driven exports offset weak domestic demandThe Chinese economy grew 4.5% in the third quarter of 2026. The growth is fuelled by global demand for artificial intelligence (AI) infrast...
- India's Russian crude binge to continue after Trump waives new sanctions lawWith a fresh sanctions waiver from the US, India is poised to sustain its current levels of Russian crude imports, having now surpassed Chi...
- Global Market: China backs IMF scrutiny of fiscal risks in major economiesChina backed the IMF’s efforts to monitor fiscal risks in major advanced economies and assess global spillover effects. PBOC Governor Pan G...
- International Oil prices to jump 'super spike', claims energy research analyst, predicts global oil ratesInternational Oil prices: The recovery in Middle Eastern oil exports, higher production outside the Persian Gulf and dwindling demand had n...
- Oil prices may ease to $80 per barrel in 2027 as Middle East supply recovers: Goldman SachsGoldman Sachs expects Brent crude prices to ease to $80 per barrel in 2027 as Middle Eastern supplies recover and the global oil market mov...
- Import of GM soybeans into India should not be allowed at all, say processorsProcessors across India are urging the government to impose a ban on the import of genetically modified soybeans from abroad. They argue th...
- India sets zero sugar diversion for ethanol in 2026/27 tenderIndia has instructed oil marketing companies to cease sugar diversion for ethanol production by the year 2026-27. This decision arises amid...
- Festive demand drives India's diesel sales in October, data showsIndian diesel consumption has risen significantly, driven by increased demand from the agriculture and transportation sectors. State-run fu...
- China's trade barriers biggest hurdle in bilateral ties, says Nirmala Sitharaman; flags $100 billion deficitNirmala Sitharaman has identified China's constraints on Indian exports as a crucial hindrance to trade advancement. The finance minister r...
- Govt revises windfall gains tax for petrol and diesel exportsThe central government has increased the windfall tax on petrol exports to Rs 2.5 per litre. Simultaneously, the windfall tax on diesel has...
- Edible oil refiners set to clock 10-12% revenue growth in FY27 despite duty cut: ReportEdible oil refiners are projected to achieve a revenue growth of 10-12% this financial year. The recent cut in import duties on crude edibl...
- Essar Oil & Gas wins five CBM blocks across three states, adds 6.6 Tcf gas reservesEssar Oil & Gas has acquired five coal-blend methane blocks across West Bengal, Madhya Pradesh and Telangana. The company aims to enhance d...
- Pump price before politics: Is Trump's Russian diesel purchase a necessary compromise or blatant hypocrisy?Recent actions by Donald Trump to secure Russian diesel imports highlight the complexities of US energy policy, balancing domestic fuel pri...
- IMF raises 2026 global growth forecast to 3.1%, warns of rising risks from war and debtThe IMF projects global growth of 3.1% in 2026, supported by AI infrastructure investment, but warns that prolonged Middle East conflict, e...
- High crude vs festive demand: Can consumption stocks withstand the oil shock?As the festive season approaches in India, high crude oil prices stir worries over profit margins for companies across sectors like FMCG an...
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