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New Delhi, Dec 16 (PTI) Crude oil futures on Tuesday declined Rs 2 to Rs 5,158 per barrel as participants trimmed their positions amid weak demand in the spot market. On the Multi Commodity Exchange, crude oil for January delivery fell Rs 2 or 0.04 per cent to Rs 5,158 per barrel in 11,315 lots. Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market. Globally, West Texas Intermediate crude oil was trading 0.76 per cent lower at USD 56.39 ...Read More >
Hyderabad: Asserting that trade is not governed by any established set of rules, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said there is adequate crude oil supply in the international market and if one supply stream is disrupted there are alternative sources available. Speaking at an interactive session here, Puri said India ranks fourth globally in refining capacity, exporting refined products worth over USD 45 billion during last fiscal to 50-plus countries, a ...Read More >
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends. Nigerian industrialist Aliko Dangote's net worth has hit $30 billion, according to the latest Bloomberg Billionaires Index. The index revealed that Dangote's fortune now stands at $29.8 billion, up $5.71 million from the previous day and $1.73 billion year-to-date. The increase comes amid strong performances from his liste ...Read More >
In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President D ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
NEW YORK (Reuters) -Oil prices were stable on Thursday as traders prepared for a potential halt to India's Russian oil imports, which could reshape flows and boost demand for supplies from elsewhere. Brent crude futures were down 28 cents, or 0.45%, to $61.63 a barrel at 12:40 p.m. EDT (1640 GMT). U.S. West Texas Intermediate futures were down 19 cents, or 0.33%, to $58.08. U.S. President Donald Trump said Prime Minister Narendra Modi had pledged on Wednesday that India would stop buying from ...Read More >
Raipur, Oct 1 (SocialNews.XYZ) In a significant breakthrough in the ongoing anti-Naxal operations, the Cobra 208 Battalion of the Central Reserve Police Force (CRPF) uncovered a massive cache of explosives and daily-use materials hidden by Maoists in the dense forests of the FOB Kauragutta area, under the jurisdiction of Police Station Pamed in Chhattisgarh's Bijapur district. The operation, part of a routine patrol and search mission, led security forces to a concealed pit in the forest near t ...Read More >
The Noble Walker, a sanctioned vessel carrying Russian oil, has rerouted to India's Vadinar port after Adani Group banned blacklisted ships from Mundra port. Carrying about a million barrels of Russian crude for HMEL, the vessel was previously headed to Mundra. India has been tightening surveillance on Russian oil vessels after becoming a major buyer. Sanctioned ship Noble Walker carrying Russian oil has changed course to India's Vadinar port after the country's Adani Group banned entry of blac ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
SINGAPORE/NEW DELHI: Sanctioned tanker Spartan has discharged Russian crude oil at India's Mundra port despite a ban by the Adani Group on entry of blacklisted ships at the terminal, ship tracking data from LSEG and Kpler showed on Tuesday. The Suezmax tanker discharged 1 million barrels of Urals crude at Indian refiner HPCL-Mittal Energy Ltd's (HMEL) Mundra terminal, Kpler data showed. Spartan, formerly known as SCF Samatlor, has been blacklisted by the European Union and Britain for breachin ...Read More >
Aug 12 (Reuters) - Radico Khaitan (RADC.NS), opens new tab, the maker of "Magic Moments" vodka, will invest up to $4.56 million and team up with Bollywood actor Shah Rukh Khan and Zerodha co-founder Nikhil Kamath to launch a premium tequila brand, marking its foray into the category. The Indian liquor maker, known for premium offerings such as Rampur Indian Single Malt and Jaisalmer Indian Craft Gin, will roll out the brand D'YAVOL Añejo -- a premium spirit made from agave and aged about two ye ...Read More >
India's top oil refiner, Indian Oil Corporation (IOC), has purchased 7 million barrels of crude oil from the US, Canada and West Asia to be delivered in September, news agency Reuters reported. This big purchase comes as Indian refiners slow down buying Russian oil due to smaller discounts. What IOC bought from three regions *4.5 million barrels of US crude *500,000 barrels of Canada's Western Canadian Select (WCS) *2 million barrels of Das crude from Abu Dhabi These purchases came through ...Read More >
Barclays estimates that the new 25% US tariffs, along with penalties on Russian imports, could reduce India's GDP growth by 30 basis points this fiscal year. Despite the higher duties, India's domestic demand-driven economy is unlikely to be significantly affected. New Delhi, The 25 per cent US tariffs, plus a penalty for Russian imports, could dent India's GDP growth by 30 basis points in the current fiscal, but the higher duty is unlikely to significantly affect India's domestic demand-driven ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local S ...Read More >
Numbers Report - August 01, 2025 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we'll dig into some data and provide a bit of explanation on what drives the numbers. Let's take a look. OPEC+ to Finish the Unwinding Job with September Superhike Following the joint ministerial monitoring committee meeting last week, eight leading members of OPEC+ will be meeting on Sunday (Aug ...Read More >
New Delhi, Jul 15 (PTI) Crude oil futures on Tuesday fell Rs 65 to Rs 5,706 per barrel, as participants trimmed their positions tracking weak demand in the spot market. On the Multi Commodity Exchange, crude oil for August delivery declined Rs 65 or 1.13 per cent to Rs 5,706 per barrel in 7,926 lots. Analysts said the prices were affected following participants offloading their holdings amid weak demand in the spot market. Globally, West Texas Intermediate crude oil was trading 0.58 per cent ...Read More >
Kedia Advisory - The July U.S. cotton balance sheet for 2025/26 signals higher production and ending stocks, with beginning stocks lower and consumption steady compared to last month. Planted and harvested areas rose due to increased acreage and lower abandonment rates in the Southwest. Despite a slight dip in yield, total output is now forecast at 14.60 million bales. The global balance sheet shows higher production led by China, the U.S., and Mexico, alongside modestly increased consumption bu ...Read More >
New Delhi: The Indian stock market ended sharply lower on Friday, July 11, as worries about global trade and a weak start to the quarterly earnings season put pressure on investors. The Sensex dropped by 690 points, or 0.83 percent, closing at 82,500.47. The Nifty 50 also fell, losing 205 points, or 0.81 percent, to finish at 25,149.85. The market opened in the red, mainly because of growing trade tensions between the US and other countries. This negative mood got worse after IT giant TCS repor ...Read More >
Mumbai, Jul 9 (PTI) The rupee appreciated by 6 paise to close at 85.67 (provisional) against the US dollar on Wednesday following optimism over a possible trade deal with the US and a delay in the imposition of reciprocal tariffs. A firm US dollar in overseas markets and crude oil staying near USD 70 per barrel capped the gains in the local currency, forex dealers said. At the interbank foreign exchange, the rupee opened weak at 85.84 against the US dollar, and traded in a range of 85.93 and 8 ...Read More >
New Delhi, Jul 9 (PTI) Crude oil futures on Wednesday fell Rs 27 to Rs 5,859 per barrel as participants trimmed their positions, tracking weak demand in the spot market. On the Multi Commodity Exchange, crude oil for July delivery declined Rs 27, or 0.46 per cent, to Rs 5,859 per barrel in 13,022 lots. Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market. Globally, West Texas Intermediate crude oil was trading 0.19 per cent low ...Read More >
Guwahati: Oil marketing companies reduced the price of commercial LPG cylinders from Tuesday (today), lowering the cost of a 19 kg cylinder by Rs 58.50. This price cut, which took effect from July 1, is expected to benefit commercial users such as hotels, restaurants, and various businesses. Ready for a challenge? Click here to take our quiz and show off your knowledge! In Delhi, the revised retail price for a 19 kg commercial LPG cylinder now stands at Rs 1,665, down from the previous rate. ...Read More >
BENGALURU: The seizure of around 100kg of spotted deer and wild boar meat by the Bengaluru division of the Karnataka forest department, and arrest of one person has revealed that bushmeat hunting is on the rise since 2023. It is sold surreptitiously, and demand for the meat has seen a spike within a 100km radius of Bengaluru city. Sales take place through WhatsApp messages and customer connect in the name of 'Soft Meat', and there is a growing demand for venison from all sections of society, s ...Read More >
New Delhi | July 1, 2025 -- In a welcome move for commercial establishments, oil marketing companies have slashed the price of 19 kg commercial LPG cylinders by ₹58.50, effective July 1. This brings the price in Delhi down to ₹1,665, compared to ₹1,723.50 in June. Also Read: Delhi Scraps Police Licensing for Hotels, Pools, and Discotheques in Major Business Reform However, the 14.2 kg domestic LPG cylinder price remains unchanged, leaving household budgets under continued pressure despite rep ...Read More >
NEW DELHI: India's two major private-sector refiners, which have long prioritised exports, are turning to local sales, grabbing share in the country's fast-growing $150 billion fuel retail market as weaker global demand squeezes profit margins offshore. Reliance Industries and Nayara Energy are stepping up sales at home as fuel demand growth slows in developed markets and China, the world's second biggest oil consumer, with the transition to electric vehicles. The lower demand offshore combine ...Read More >
The Ministry of Finance has abolished the windfall tax on crude oil, aviation turbine fuel (ATF), and exports of diesel and petrol products with immediate effect. The government has also scrapped the Road and Infrastructure Cess (RIC) on petrol and diesel exports. The decision was announced through the notifications numbered 29/2024 and 30/2024 released by the Centre on Monday which were laid in the Parliament as well. This move follows an evaluation by the government with reports suggesting th ...Read More >
Finance Ministry has on December 2 scrapped the windfall tax on aviation turbine fuel (ATF), crude products, diesel and petrol products. "Notification nos 29/2024 and 30/2024 dated 2.12.2024 issued with immediate effect for withdrawal of windfall tax i.e special additional excise duty (SAED) levied on production of crude and export of ATF, SAED and Road and Infrastructure Cess (RIC) on export of petrol and diesel. Notification laid in the parliament," said Finance Ministry. Imposed in July 202 ...Read More >
Bangkok, Shares were mixed on Thursday in Asia after stocks on Wall Street retreated, weighed down by losses for technology shares. Tokyo's Nikkei 225 index gained 0.7 per cent to 38,400.00 and Australia's S and P/ASX 200 advanced 0.8 per cent to 8,473.30. South Korea's Kospi was unchanged at 2,503.01 after the central bank cut its benchmark interest rate to relieve pressure on the economy. The Bank of Korea cut its key rate by a quarter percentage point to 3 per cent and lowered its outlook ...Read More >
The best performers of the session on the Moroccan All Shares were Disty Technologies SA (CSE:DYT), which rose 4.94% or 12.00 points to trade at 255.00 at the close. Meanwhile, Ste de Travaux de Realisation d'Ouvrages et de Constuction Industielle SA (CSE:STR) added 4.62% or 2.14 points to end at 48.49 and Jet Contractors (CSE:JET) was up 4.50% or 68.00 points to 1,580.00 in late trade. The worst performers of the session were Disway SA (CSE:DWY), which fell 4.26% or 28.00 points to trade at 63 ...Read More >
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