Shares in Reliance extended gains to as much as 2.6% after reports of a possible deal between Reliance & Aramco after more than two years of negotiations.
The combined consumption of diesel and gasoline in April is poised to plunge by as much as 20% from a month earlier due to renewed restrictions, including in Delhi.
India imports more than 85% of its total oil needs. Getting access to Iranian crude would bring a number of benefits, including cheaper barrels and a longer credit cycle.
India's shift to exporters like US and Nigeria comes amid an increased demand for gasoline, as the pandemic pushes people to private cars instead of public transport.
Saudi & other producers are keeping millions of oil barrels off the market, leaving supertankers unemployed and likely to be junked on the beaches India, Pakistan & Bangladesh.
The 11th-hour regulatory race reveals a widespread effort by Trump officials to leave their imprint on federal policy and — at least temporarily — tie the hands of their successors.
Non-Saudis will no longer need employer’s permission to change jobs, travel abroad or leave the country permanently. New rules will come into effect on 14 March.
Reliance Industries, owner of world’s largest refining complex, signed a deal to purchase 2 million barrels of heavy Canadian oil a month for next 6 months.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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