“Fitch expects BPCL to generate gross marketing losses in FY23, as the Indian oil marketing companies (OMCs) bear the largest burden of surging crude oil prices, with only limited increases being passed on to consumers […]
Oil demand has remained resilient in the face of a multitude of challenges. OPEC+ has fallen behind more than 3.5 million bpd on its output goals. The DoE has no immediate plans to start refilling […]
Global oil flows are changing ahead of the coming embargo on Russian oil, with a growing amount of Russian crude heading east. Meanwhile, the amount of fuel and oil flowing from Asia and the U.S. […]
Brent oil prices could head back toward $100 a barrel as supply grows tighter in the coming months, JPMorgan said. Analysts expect oil demand to rebound by about 1.5 million a barrels in the last […]
Europe is bearing the brunt of the economic war raging between Russia and the West. On the whole, European economies grew in the second quarter of the year, driven by household consumption and government spending. […]
Summary News is full of nuclear resurgence, be it in the UK, France, South Korea, Belgium, Germany, and of course China, but what is the reality? The global nuclear fleet is aging and some countries […]
The pilot project will produce 80 Kilogram per day of 99.97 percent pure hydrogen that will be compressed, stored and dispensed New Delhi: India’s firstgreen hydrogenfuelling station, being set up atLehin the Union Territory of […]
Wars are fought on many fronts. So far, Russian president Vladimir Putin is winning the energy war. High energy prices, triggered by supply disruptions, have neutered Western sanctions. Russia’s current account balance stands at record highs. […]
Alla Bakina, the head of the Russian central bank’s national payment system department announced that Russia’s SPFS interbank messaging system has grown faster this year than ever before. Bakina noted at a banking forum in […]
As energy prices in Europe skyrocket, and gas shortages abound, many European companies are finding they can no longer compete with competitors abroad. As a result, they are choosing to cut their own overhead, by […]
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