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Non-installation of vapour recovery system: NGT dismisses BPCL's appeal against Rs 1 crore fine
The National Green Tribunal has rejected Bharat Petroleum Corporation Limited's appeal against a Rs 1 crore environmental fine. BPCL failed to install a vapour recovery system in its storage terminals by the March 2024 deadline. The tribunal upheld the Central Pollution Control Board's order, noting the Supreme Court's directive on the matter.
SEAMEC consortium wins ₹411-cr ONGC contract for servicing MSV Samudra Sevak
The contract secured by the consortium comprising SEAMEC Ltd and Supreme Hydro Private Ltd is to operate and maintain the ONGC-owned multipurpose support vessel Samudra Sevak. Shares of SEAMEC Ltd ended at ₹1,331.90, down by ₹3.35, or 0.25%, on the BSE today, March 13.
Japanese stocks fall for second day as oil surge and weak yen concerns weigh on sentiment
Oil prices surged amid disruptions linked to the Middle East conflict after Irans new supreme leader, Mojtaba Khamenei, pledged to keep the Strait of Hormuz effectively closed while escalating attacks on regional oil and transport infrastructure.
Chinese stocks slip as Iran conflict and oil price surge weigh on investor sentiment
Market sentiment remained weak as strong statements from leaders in Tehran and Washington suggested that the conflict is unlikely to ease soon after nearly two weeks of fighting. Concerns also grew after oil prices jumped, following Irans new supreme leader Mojtaba Khameneis pledge to keep the Strait of Hormuz effectively closed. At the same time, Tehran has stepped up attacks on regional oil and transportation infrastructure, raising fears of higher global inflation.
HPCL, BPCL, IOC shares in focus as oil crosses $100 again: Iran’s new supreme leader warns Strait of Hormuz to remain shut
Shares of HPCL, BPCL and IOC are likely to remain in focus as crude oil prices climbed above $100 per barrel again amid escalating Iran Israel US tensions. Iran’s leadership warned the Strait of Hormuz could remain closed, raising concerns about supply disruption and potential margin pressure for Indian oil marketing companies.
Asian Stocks Track US Declines As Oil In Focus: Markets Wrap
Oil edged lower on Friday after climbing to its highest close since August 2022 as President Donald Trump and Iran's new supreme leader both struck defiant tones
Crude oil prices set for weekly gains after Iran warnings, no war off-ramp
In his first public comments after becoming the Supreme Leader, Mojtaba Khamenei said that Iran will seek to ensure that the critical waterway, the Strait of Hormuz, remains shut for oil and gas supply. In television comments translated by Reuters, Khamenei said that Iran will either seek compensation for the destruction caused, or will destroy assets of "enemies" accordingly.
Dow Jones sinks over 700 points as oil, private credit worries rattles Wall Street
Brent Crude was back above the mark of $100 a barrel, closing above that mark for the first time since 2022. More ships were struck in the Persian Gulf overnight and comments from Iran's new Supreme Leader, Mojtaba Khamenei, added to the price surge. Khamenei said that the Strait of Hormuz should remain shut as a tactic to "pressure the enemy."
European Stocks Hit Session Low as Iran Says Hormuz to Stay Shut
European stocks hit a session low after Iranian Supreme Leader Mojtaba Khamenei said the Straight of Hormuz should stay closed, adding to concerns over disruption to global oil supplies.
Stock Market Crash: Rs 6.5 lakh cr gone! Sensex slumps 1,000 pts, Nifty below 24,700; Iran-Israel war among 4 factors behind bloodbath
Indian stock markets plunged on Monday, with the Sensex and Nifty falling 2% due to escalating Middle East conflict following the death of Iran's supreme leader. Surging crude oil prices and a weakening rupee further dampened investor sentiment, while foreign investors continued their selling spree.
India holds line on Russian oil with Trump’s tariffs in question
Indian refiners are scaling back purchases of Russian crude as a US Supreme Court decision throws a key trade pact into doubt. The proposed deal would have reduced tariffs for India if it agreed to curb Russian oil imports.
LIVE: Trump Says Iran War Deal Near | Oil at $95 | RBI Policy Today | Opening Bell
Trump says the US is in final negotiations to end the Iran conflict and would be "honoured" to meet Iran's Supreme Leader Khamenei. Oil prices ease, Wall Street hits fresh highs, Broadcom tumbles after earnings, and all eyes turn to the RBI policy decision. Catch all the key global and domestic market cues on Opening Bell. Catch Surabhi Upadhyay in conversation with Market Experts.