Sales of petrol in India, world's third biggest importer, were the lowest in April since last August, while average daily diesel sales were the lowest since October 2020.
The combined consumption of diesel and gasoline in India this month is poised to plunge by as much as 20% from March, as streets in major cities like Mumbai & New Delhi go quiet.
Covid crisis hastens seismic shift in global refining industry as demand for plastics and fuels grows in China & rest of Asia while US & Europe grapple with deeper economic crisis.
Market uncertainty may lead to heightened volatility over the next few hours as traders react to headlines and early clues of a possible Donald Trump or Joe Biden victory.
In The Room Where It Happened, former US National Security Advisor John Bolton writes about how an ‘inconsistent’ Trump and ‘wobbly’ Pompeo dealt with Iran oil sanctions.
Amid lockdown, demand for transportation and industrial fuels plummeted by as much as 70%, but India is confident things will look up faster than projected.
Macquarie Infrastructure & Real Assets believes govt will divest non-core oil and gas assets, like oil storage facilities, pipelines, transmission facilities.
A recent IMF report, which showed that by 2034 declining oil demand can affect the GCC's wealth, has led to predictions of economic and political instability in Arab countries.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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