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RECORD HIGH FUEL PRICES
Conflict-hit oil supply crisis deepens as nearly half of global output comes from affected countriesNearly half of the world’s oil supply now comes from countries affected by conflict, highlighting the growing vulnerability of global energ...- Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
- In 1997, America's last bismuth refinery shut down. 29 years later, the metal is crucial to a 240-MW nuclear reactor whose coolant supply is 82% ChineseA proposed American nuclear reactor, EAGL-1, will use liquid lead-bismuth coolant. China currently dominates global refined bismuth product...
- In 1984, NASA and the FAA remotely crashed an empty Boeing 720 to test whether anti-misting fuel could reduce post-crash firesIn 1984, NASA and the FAA conducted groundbreaking tests on a fuel additive designed to minimize post-crash fires. A Boeing 720, remotely c...
- US refiners face historic stress test as global crisis loomsUS refineries are running near maximum capacity to fill global fuel shortages caused by the Iran war and disruptions in Russia. While this ...
- The Hormuz crude volume debate masks the real shortage of refined fuelsThe oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer s...
- How bitcoin and gold went from a slump to an MVP week in just a few daysBitcoin had dropped from a January high of around $95,000 to below $60,000 at the end of June. Investors shied away from speculative assets...
- India's goods trade deficit hits 6-month high as imports rise amid Middle East conflictIn July, India's merchandise trade deficit climbed to $31.98 billion, the highest in six months, largely attributed to increasing oil and e...
- India buys its most expensive LNG in years as war upends marketIndian energy companies are paying more than $23 per mmbtu for September LNG cargoes, among the highest prices for imports since 2022, as t...
- Ethanol diversion not the reason behind sugar price rise, says govtSugar prices rose from ₹48.18 per kg on July 20 to ₹55.70 per kg on August 20, but the government said the increase was not due to diversio...
- Congress demands review of E20 move, says 'anti-people' fuel policy unacceptable to countryCongress criticizes the Modi government's E20 fuel policy for increasing inflation. The policy allegedly causes higher prices for essential...
- Global Market: European shares flat as oil prices offset bond market reliefEuropean shares remained flat on Thursday as rising crude oil prices and inflation worries counteracted a recovery in global bond markets f...
- The Iran war energy crisis is just getting startedThe Iran war has severely impacted global oil refining, causing diesel and gasoline prices to remain elevated. Refined product prices have ...
- India tightens sugar stock limits to tame record pricesIndia has ordered dealers to hold sugar inventories for only fifteen days. This new rule takes effect from September first until November t...
- RBI MPC puts Q3 rate hike in play if inflation risks show up bigIndian monetary policy makers may tighten rates in the third quarter if inflation risks materialize. Higher food and fuel prices could lead...
- Indian, US fuel exporters reaping bonanza amid oil supply uncertainty due to warsIndia and U.S. oil refiners are benefiting from global fuel supply disruptions caused by wars in Iran and Ukraine, boosting refined fuel ex...
- US Stocks: US market hits two-week lows as Iran tensions lift oil, bond yieldsIn a turbulent trading session, major US stock indexes fell to two-week lows on Tuesday, with heavyweight technology stocks taking a hit as...
- US to announce steps to help refiners produce more fuel, energy chief Wright saysUS Energy Secretary Chris Wright announced steps to increase refinery fuel output soon. High gasoline prices are a concern for President Do...
- Sugar stock scrutiny on the rise as prices hit record highThe government is increasing scrutiny of sugar stocks due to surging prices. Large industrial buyers are now providing consumption data to ...
- Global energy, weather risks threaten further easing in wholesale inflation: EconomistsWholesale inflation is expected to stay high despite a slight decrease in July. Global energy prices and geopolitical uncertainty pose ongo...
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