Oil Prices Rise On Tight Supply Outlook As Russia Bans Fuel Exports

Investors are focusing on a tighter supply outlook as oil prices rose on Monday. This comes after Moscow issued a temporary ban on fuel exports while remaining cautious about further rate hikes that could dampen demand. Brent crude futures increased by 0.5 per cent, or 48 cents, to USD 93.75 a barrel by 0110 GMT […]

Read More
Economy Food & Beverage. National News Retail

India Records 33% Increase In Vegetable Oil Imports: SEA

India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]

Read More
International News

India’s July Russian Oil Imports Drops; Saudi Imports Fall To Two-and-half-year Low

India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest oil importers, cut imports from Russia and […]

Read More
Food Government International National News

India In Talks To Import Wheat From Russia At Discount

India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources. The imports would allow New Delhi to intervene more effectively in the market to drive down […]

Read More
Government International News Trade

India, Russia Aim For $50Bn In Bilateral Trade In 2023

India and Russia aim to reach a bilateral trade volume of USD 30 billion by 2025, Ved Prakash Singh, First Secretary and Head of the Economic and Commercial Department of the Embassy of India in Moscow said on Wednesday, TV Brics reported. TV BRICS covers the economic agenda of the five countries. The list of […]

Read More
International Logistics News

US Considering Ban On Chinese Airlines Using Russian Airspace

The US Transportation Department is proposing a ban on Chinese airlines’ use of Russian airspace to fly passengers to the US, three officials from the administration of President Joe Biden told New York Times, reported Russia Today. The national security team and others were reportedly given an order last Monday requiring Chinese rivals to adhere […]

Read More