
 
 
 Domestic stock markets may well face unstable trading sessions this week and would be guided by world-wide cues, movement of the rupee and crude oil rates, professionals mentioned. 
 
 Participants would be keenly tracking the geopolitical developments with regards to Russia-Ukraine tensions, which have been weighing […]
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Covid impact: Edible oil imports seen lower at 13 million tonnes during oil year 2020-21
India’s edible oil imports for the latest oil year 2020-21 (November-October) are possible to be at thirteen million tonnes (mt) or 200,000 tonnes lessen than the former year, in accordance to the Solvent Extractors Affiliation of India (SEAI), the apex trade overall body. Talking on ‘Palm oil current market in […]
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Oil industry body pegs mustard output at 89.5 lakh tonnes
The Central Organisation for Oil Business and Trade (COOIT) has pegged the mustard crop at a report 89.five lakh tonnes (lt) for the 2020-21 rabi time, up 19 for each cent about previous year’s 75 lt. COOIT sees bigger manufacturing of mustard in Rajasthan, Uttar Pradesh, Gujarat, West Bengal and […]
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Oil on the brink of $60 as demand rises
“Besides smooth factors this kind of as amplified need from investors in perspective of the pronounced cost buoyancy, rising stock marketplaces and economic optimism, the actual physical market place is also wanting ever more limited,” explained Eugen Weinberg, head of commodities analysis at Commerzbank. Brent for April settlement climbed one.1pc to […]
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Saudis take charge of oil market with surprise 1m barrel cut
It was a calculated transfer from an oil superpower that had previously warned speculators to look at their backs. ”We have the responsibility of seeking soon after the marketplace, and we will just take all important steps. I have said this repeatedly and even recommended that no a single ought to guess in […]
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Indian oil sardine on revival path
Indian oil sardine, inventory of which was exhibiting a declining trend for the past couple of years, appears to be on a revival route alongside the Kerala coastline, thanks to a seemingly favourable condition in the marine ecosystem. Scattered batches of immature sardines have been described from the southern coastline […]
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Oil Industry Is Fading Away in Land of the World’s Richest Reserves
Venezuela’s oil industry—rich in reserves, a vital Allied resource in Earth War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil merchants than any other place. But soon after many years of corruption, mismanagement and more not long ago U.S. sanctions, its oil output has […]
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Edible oil trade bodies differ on import restrictions
India’s soaring edible oil imports has still left the domestic business in splits as two of the notable trade bodies came facial area-to-facial area on quota strategies. Lately, Soybean Processors Affiliation of India (SOPA) sought a quantitative quota and bigger import responsibility for crude soybean and sunflower oils citing “unbridled […]
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Motor Oil Group CIO Nick Giannakakis
Insert to favorites The former BAT CTO joined the €9.5 billion Greek energy conglomerate at the start off of 2020: the first time the organisation has experienced a team CIO job. Motor Oil Team CIO Nick Giannakakis thinks the job of the Chief Data Officer is to be the “custodian […]
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Oil ends lower after US crude stockpiles jump, gasoline demand sinks
Oil rates fell on Wednesday following US crude inventories rose previous 7 days by the most considering that 2016, when gasoline demand suffered its biggest weekly fall ever due to the coronavirus pandemic. Crude inventories rose by 13.8 million barrels previous 7 days, the US Vitality Information Administration said. That was […]
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IEA Sees Drop in Oil Demand
The Global Power Company said it expects global oil demand to drop for the first time since 2009, citing the impacts of the coronavirus on the economic climate. The agency said demand fell globally by approximately 2.five% in the first quarter of 2020 and it was expected to shrink by […]
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Oil jumps 8% after rout on stimulus hopes, spending cuts by US producers
Oil costs jumped by almost eight% on Tuesday, bouncing from the most significant rout in just about thirty yrs a day before, as the chance of financial stimulus inspired buying and US producers slashed expending in a shift that could lower output. On Monday, US President Donald Trump pledged “major” […]
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Oil price slump: Centre may not hike excise duty for petro products
The Centre has ruled out an increase in excise responsibilities on petroleum, and believes that softening worldwide crude charges would dampen inflation, which would induce the Reserve Financial institution to slash coverage costs. “We are not in favour of an excise duty hike as that would include to inflationary pressures […]
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Traders wary of virus fears bringing down castor oil exports to China
The promptly spreading coronavirus is set to dent India’s castor oil exports as uncertainty looms large above Chinese purchases in the backdrop of the coronavirus outbreak. Industry professionals have expressed fears of continued dip in castor oil exports this yr. For the duration of the previous calendar yr, India’s […]
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Mexican President Resists Pressure to Restart Oil Auctions
MEXICO CITY—President Andrés Manuel López Obrador is resisting pressure to restart auctions for oil drilling legal rights and permit non-public companies to have a increased function in the oil field, even as his authorities grapples with a stagnant economic climate and weak investment decision. Senior authorities officers and non-public sector […]