India bets Rs 50,000 crore for 20 per cent blending of ethanol with gasoline; to reduce dependence on crude imports

India is set to spend almost $7 billion to boost ethanol production as it prepares to roll out a greener mix of gasoline that may cut its dependence on foreign oil. About 10 billion liters of ethanol will be required each year to meet the 20 per cent ethanol-blended fuel standard by 2025, India’s Oil Secretary Tarun Kapoor said in an […]

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COMMENT – Colonial Pipeline hack: Implications for the future, lessons from the past


Forecasts tell you a lot about the forecaster, but they don’t tell you anything about the future or in the case of commodities the grammatically weird plural futures. When they do come true, it is usually a mixture of deep intelligence meeting immense luck. The July 1995 released film The Net, starring Sandra Bullock as […]

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Colonial Pipeline crawls towards operational normalcy, outage causes panic buying


Colonial Pipeline, the top US fuel pipeline disabled by a cyberattack for six days, sent workers to manually release some stored supplies on Wednesday as fuel shortages across the Southeast worsened and motorists fumed, Reuters reported. Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the […]

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DarkSide’s intricate cyber-attack forces Colonial Pipeline to shut operations, Biden briefed


The blitz that caused Colonial Pipeline to shut down the biggest US gasoline pipeline on Friday began with hackers launching a cyber-attack against the company a day earlier, stealing a large amount of data before locking computers with ransomware and demanding payment, Bloomberg reported on Sunday morning citing people familiar with the matter. The intruders, […]

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