Data from the US Energy Information Administration shows that the US had 132 operational petroleum refineries as of January 2024. (AI image) Mukesh Ambani-led Reliance Industries (RIL) has partnered with America First Refining (AFR) to develop the first large oil refinery project in the United States in nearly fifty years, with President Donald Trump describing…
As the conflict between the United States, Israel and Iran enters its 13th day, escalating attacks have begun disrupting global commodity markets beyond oil and gas. Explosions and sirens across the region reflect a widening conflict that has rattled energy routes and trade flows.Since the war began on February 28 with joint US-Israeli strikes on…
On the weekly chart, MCX Gold is showing a sideways-to-bullish bias after retreating from its recent high. (AI image) Gold and silver price prediction: Gold prices are seeing a sideways-to-bullish bias and may rally to Rs 1.7 lakh mark while silver is likely headed to Rs 3 lakh, says Abhilash Koikkara, Head – Forex &…
China on Thursday ordered its refiners to immediately halt exports of refined fuel for March in a bid to manage potential domestic shortages triggered by the escalating Middle East conflict, Reuters reported citing sources.The directive was issued by the National Development and Reform Commission (NDRC) and covers shipments of gasoline, diesel and aviation fuel, four…
Stock market today (AI image) Stock market crash today: Continuing the down trend, Nifty50 and BSE Sensex, crashed in opening trade on Thursday with the US-Iran war showing no signs of stopping and oil prices climbing again. While Nifty50 went below 23,600, BSE Sensex was down over 900 points. At 9:16 AM, Nifty50 was trading…
Top stocks to buy (AI image) Top stock market recommendations: INOX India, and Apollo Hospitals Enterprise are buy calls from Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group. The analyst recommends selling TVS Motor Company. Below is his views on on Nifty, Bank Nifty and each of the three…
BENGALURU: From young professionals to experienced developers, techies are increasingly taking up freelance assignments to supplement incomes and build alternative career paths as the industry grapples with slowing hiring, rapid advances in AI, and growing uncertainty around traditional tech roles. For some, these gigs are side hustles alongside full-time jobs-reflecting a rise in moonlighting-while others…
NEW DELHI: Integrated shipping and logistics company Maersk has decided to levy a temporary emergency bunker surcharge on new cargo bookings to ensure the cross-border movement of essential items amid the ongoing crisis in West Asia. However, the surcharge is subject to regulatory approvals and will apply globally, including India, without exception from March 25,…
The United States has initiated new investigations into what it views as unfair trade practices by numerous countries, potentially paving the way for penalties such as additional tariffs, as President Donald Trump looks for alternatives after duties he imposed were struck down by the Supreme Court.The investigation into excess industrial capacity is aimed at India…
MUMBAI: Reliance Industries (RIL) will bankroll the first new oil refinery project in the US in 50 years, marking one of its biggest overseas bets and a return to the American energy market after four years.America First Refining (AFR), the startup developing the refinery at the Brownsville port in Texas, said it received a “nine-figure…
