High fuel prices restrain India’s fuel demand in April 2022

India’s petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed. Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand was almost flat. Cooking gas LPG, which had consistently […]

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Global natural gas demand set to decline as Russia’s war disrupts markets, economies

The world’s demand for natural gas is set to decline slightly in 2022 as a result of higher prices and market disruptions caused by Russia’s invasion of Ukraine, according to the International Energy Agency’s latest quarterly update. The expected small contraction in global gas demand compares with the IEA’s earlier forecast of 1% growth in the […]

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Sri Lanka’s economic crisis may enhance demand for Indian orthodox tea

Escalating economic concerns in Sri Lanka, a major player in the global tea market, may provide opportunities for Indian exporters of Indian orthodox tea, as the island country is set to witness a significant decline in its production and shipments this year, according to rating agency ICRA’s research paper. According to ICRA, Russia has been […]

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India’s gas demand seen up 12-14% next fiscal despite high prices

India’s domestic demand for natural gas is seen rising 12-14% next fiscal, despite prices remaining high for the past several months because of economic recovery and lower-than-usual inventories in key European consumption centres, ratings agency CRISIL said in a recent note. Russia’s invasion of Ukraine, which began in February 2022, drove already-elevated gas prices even […]

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Healthy demand, shortages – and now the Russia-Ukraine crisis – spur nickel’s climb to decade highs

Nickel prices climbed to their highest in more than a decade last week as low inventories, healthy demand from manufacturers of electric vehicle batteries and worries about supplies from Russia spurred buying. Benchmark nickel on the London Metal Exchange was up 1.5% at $24,515 a tonne, having earlier hit $24,610 a tonne, the highest since […]

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