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No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources
Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of LPG and crude from key Middle Eastern ports to India's west coast.
Canada’s Carbon Tax Hinders Pipeline Plans, Cenovus CEO Says
Alberta’s planned oil pipeline to the west coast requires Canada to shift away from stricter climate policies and toward promoting greater oil production from new projects, Cenovus Energy Inc.’s chief executive officer said.
West Asia Crisis: Indian paper industry faces rising energy cost, export disruption
India's paper sector confronts rising energy expenses and potential export market disruptions. West Asia is a significant buyer of Indian paper and paperboard. Geopolitical tensions in the region are impacting energy supplies and chemical imports. Export-oriented nations like China and Indonesia may divert surplus paper to India, creating price pressure on domestic manufacturers.
Stocks to Watch Today: Physicswallah, Swiggy, Q-Line Biotech, Lupin, Wockhardt, Ashok Leyland, GMR Airports, PG Electroplast, West Coast Paper in focus on 29 May
Stocks in News, 29 May: Stocks like Physicswallah, Ashok Leyland, Deepak Fertilisers & Petrochemicals Corporation, Bata India, PC Jeweller, GMR Airports, PG Electroplast, Gabriel India, Hikal, Varroc Engineering, Enviro Infra Engineers, HG Infra Engineering, Swiggy, and Indoco Remedies will be in focus on May 29.