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Freight woes threaten fresh supply crunch in Manipur as transporters stay away
Transport operators are avoiding Manipur due to high costs and long travel times. Essential goods face shortages as highway conditions worsen significantly. Freight charges have increased substantially, impacting commodity prices. Retail prices for onions, potatoes, and edible oil have risen sharply. Further disruptions risk shortages, especially during the monsoon season.
IEA's Russian oil output forecasts cut after Ukraine attacks
IEA downgrades Russian oil production outlook due to Ukrainian attacks on energy infrastructure, impacting global supply.
Why LPG losses likely to shrink for oil marketing companies
Efforts to boost local production during the war in West Asia may pay start to pay dividends now.
MRPL shares jump 9% as ONGC approves strategic oil reserve in Mangaluru
ONGC has approved an expansion of the country's strategic oil reserves, highlighting a push to strengthen energy resilience following the shock of the Iran war.
E20 petrol may cut mileage by 3-5% in some vehicles, but benefits outweigh impact: Oil Ministry
The government acknowledges E20 fuel's minor fuel economy reduction. This impact is outweighed by benefits like better engine performance and lower emissions. India's ethanol blending program began with pilot projects in 2001. The nation achieved ten percent blending ahead of schedule in 2022.
Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopening
Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus forecasts. The International Energy Agency sees potential disruption to its 2027 surplus projection. Refined product markets remain tight due to refinery issues and Ukrainian attacks. Global oil demand is recovering, but overall supply forecasts depend on lasting peace.
MRPL Shares Jump 6% After ONGC Announces 1.75 MT Strategic Oil Reserve In Mangaluru
The proposed strategic petroleum reserve has put the ONGC subsidiary in focus as investors assess its role in India's energy security plans.
E20 costs more at current crude prices, but saves forex, boosts farmers' income, reduce oil dependence: Govt
Ethanol blending shields Indian consumers from volatile global oil prices. This program reduces dependence on imported crude oil significantly. It also strengthens the country's long-term energy security and foreign exchange reserves. The initiative has already saved over one lakh ninety-seven thousand crore rupees. Continued blending promises greater fuel price stability and farmer income.
Vedanta Power, Vedanta Oil & Gas, other Vedanta stocks surge up to 6%. What lies ahead?
Vedanta Group stocks experienced significant gains on Friday after their recent demerger. Vedanta Iron and Steel shares surged five percent, hitting the upper circuit limit. Vedanta Oil and Gas shares also saw a substantial increase, extending recent positive momentum. Vedanta Power and Vedanta Aluminium reported production and sales figures for the first quarter. Analysts at Motilal Oswal initiated coverage on Vedanta Aluminium with a buy rating.
Gold recovers as oil retreats; key hurdle stands at $4,200
Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.
Nigerian Stocks Vault Past Korea's Kospi To Claim World's Top Returns
The benchmark index in Africa's largest oil producer has returned 68% in dollar terms this year, outpacing the 66% gain for the Kospi index, according to data from the 92 global stock exchanges tracked by Bloomberg.
IT services stocks offer value despite AI concerns, says Mahindra Manulife Investment
Krishna Sanghavi, Chief Investment Officer - Equities at Mahindra Manulife Investment Management, favours private banks, manufacturing, capital goods and defence, citing policy support, corporate investment and India's shift towards bottom-up growth. Sanghavi added that upstream oil and gas companies with volume growth also remain attractive.