Commodities rise as dollar stumbles
Global commodity prices staged a comeback this past week after the dollar failed to hold onto recent gains and rising stock markets helped to drive renewed …
India’s Oil imports up 4.6 per cent in February 2019: report
India’s oil imports rose 4.6 per cent in February 2019 from a year earlier to about 5 million barrels per day (bpd), according to tanker arrival data …
India to buy 12% less Iran oil in April 2019 against previous month March 2019: Reuters
Indian state refiners will lift 8 million barrels of Iranian oil in April, a decline of about 12 per cent from the previous month, a Reuters report quoted …
US wants India to stop buying Venezuelan oil
The United States has pressed India to stop buying Venezuelan crude oil as a means of accelerating President Nicolas Maduro’s removal from office, which …
Refining frenzy worsens fuel glut in Asia
Asia is drowning in Chinese fuels and things are about to get worse over the next three years as new refining capacity in the world’s second-largest economy …
Trump says to end preferential trade status for India; New Delhi shrugs off threat
In what could impact India’s $5.6 billion worth of exports to the US, President Trump has said the United States may end India’s preferential trade …
India’s idea of mining moon for Helium-3 might soon become a reality by 2025
European scientists have announced plans to start mining the moon as early as 2025, though what they’ll be extracting is neither gold nor diamonds, but …
Global liquid fuels production to outpace demand: EIA
Global liquid fuels production is expected to exceed global consumption through 2020, the U.S. Energy Information Administration (EIA) said in its Short-Term …
LNG: China’s biggest weapon in the trade war
China’s shift towards more environmentally friendly policies and its goal of doubling natural gas to at least 12 per cent of its energy mix, has made it …
Global trade growth may slow down in the first half of 2019: WTO
Trade tensions, political risks and financial volatility will continue to pressure global trade, and trade weakness is likely to extend into the first quarter …