Indian refiners exploited the US sanctions waiver on Venezuela to import more than 1,75,000 barrels per day (b/d) crude oil from the South American country making it the fifth largest supplier in February. Also read:US sanctions on Venezuela threaten to disrupt India’s crude oil imports Trade sources and refiners said that imports are continuing at … Read more
Fresh US sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter said. Washington on Friday imposed sanctions to mark the second anniversary of Moscow’s invasion of Ukraine … Read more
World shares struggled to climb on Monday after the chances of early interest rate cuts globally receded and Chinese markets recorded modest gains on their return from the lunar New Year break. A holiday for U.S. markets made for thin trading, and results from AI star Nvidia on Wednesday could challenge the latest surge in tech … Read more
While India’s export numbers are encouraging, caution is warranted due to rising global tensions and unevenness in global growth, according to a report by CRISIL Market Intelligence & Analytics (MI&A). What this means is that maintaining export momentum will not be an easy task, opined Crisil’s Dharmakirti Joshi, Chief Economist; Adhish Verma, Senior Economist and Meera Mohan, Economic Analyst. Also … Read more