India is not alone in encountering this dynamic, but its high oil import dependence and increasing energy demand render its exposure particularly significant.
They are two of the largest commodity trading houses: a secretive group of companies responsible for buying, selling and transporting resources to where they are needed.
Rupee had a major fall this week, led by strong US macro data, rising crude prices. China's currency moves, Japan’s possible rate hike & domestic growth concerns may maintain pressure.
The domestic economy continues to show resilience as reflected in the robust growth projections for the coming year. However, global challenges could pose headwinds...
If the war is over within two weeks, the impact on India will likely be restricted to the stock market. Any longer, and the spillover could be broader.
Oil marketing companies earned profits by not reducing fuel prices despite falling crude oil prices earlier. Analysts say they should have kept profits as buffer, with oil prices on rise again.
Announcement by oil-producing cartel Sunday sent global markets into flux, with crude prices surging high. Experts say India will only feel effects in medium to long term.
Why should the US care? Because in the end, as its wrangle with Britain this week should have reminded them, America still needs bases, friendly ports, & overfly rights.
Multiple companies have invoked the principle of ‘force majeure’, which lets a party off the hook in case of unforeseen ‘acts of God’, to avoid penalties.
IRIS Lavan was in the region for the International Fleet Review held last month and ‘sought urgent docking in Kochi citing technical issues,’ it is learnt.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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