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Russian Fuel Supply Cuts Worried European Countries

Amidst these chaotic times, Russia has increased pressure on many European economies by reducing the natural gas supplies further, raising fears of a fuel shortfall this winter. European officials describe these Russian fuel supply cuts as an attempt to retaliate against Western countries for backing Ukraine. On Friday, Russia decreased the natural gas deliveries to

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Economic & Finance Energy Energy & Environment Oil & Gas Politics World Affairs

Fuel prices to remain high till 2023, says report

A report published by Wood Mackenzie states that consumers can expect fuel prices to stay high until next year due to disruptions in Russian oil supplies and refineries struggling to satisfy demand after the pandemic. It also says that the pressure could ease in the second half of 2023, when many new major refineries, particularly

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Automobile Economic & Finance Energy Energy & Environment Oil & Gas World Affairs

How high is the price of petrol in India?

Rising fuel prices in India has led to considerable debate on which government, state or central, should be lowering their taxes to keep prices under control. The rise in petrol price is mainly due to the global price of crude going up. Governments have acted differently in various countries on fuel pricing. Further, a stronger

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Reliance Ranked On Top In Indian Firms On Forbes Global Under 2000

Forbes ranks Mukesh Ambani’s Reliance Group, at number 53 on the latest global 2000 list of companies worldwide. Forbes releases their annual list of the Top 2000 Companies in the world, which is ranked by sales. Reliance ranked top in Indian firms. Reliance has been listed on the 53th most prominent position on Forbes Global under

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The Sri Lankan crisis proves beneficial for Indian exporters

The ongoing Sri Lankan economic crisis coupled with a $51 billion debt default has proven beneficial for Indian exporters.  While the Sri Lankan crisis opens doors for Indian tea and textile exporters, India may face challenges filling global supply gaps.  Furthermore, the pandemic severely hindered what has been Sri Lanka’s long-standing strength – tea and

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Economic & Finance Foods & Agricultural Oil & Gas

Can India feed the world amid rising inflation?

In talks with US President Joe Biden, Indian PM Narendra Modi mentioned India could feed the world.  Furthermore, the Ukraine war has added to the 10-year high in commodity prices due to global harvest issues.  As per the UNFAO food-price index, commodity prices soared after the war while being at their highest since 1990.  India

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China eases energy controls, but glimmer of hope in Chinese industrial metal stocks fades as Shanghai goes into lockdown

China’s city-wide lockdown of Shanghai caused the Chinese stock markets to fall by 2% Premier Li Keqiang called on the country to develop its innovative capabilities China eases annual energy restrictions and is expected to see an upward trend in industrial metals and coal production China is the world’s top steel producer and consumer, with

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Three reasons the economy could slow down unexpectedly

The 2020 recession generated the highest inflation since the 1970s.  However, the 2020 recession was the shortest.  Furthermore, the recovery was the fastest since the 19080s.  As the economy reopens amid disruptions caused by the pandemic, the next phase of the economy could slow down unexpectedly.  What are the three reasons that could slow down

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March quarter may grow due to gas, financials, and oil

March quarter earnings are likely to grow due to gas, financials, and oil.  However, costs may impede the rest of the sector’s earnings. Additionally, despite a rise in demand this quarter, manufacturers suffer at the hands of high oil and gas prices and rising commodity prices.  The current Russia-Ukraine crisis further challenges India Inc this

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FinMin: India struggles with slow growth and high inflation

Presently, India struggles with slow growth and high inflation.  On Thursday, the finance ministry said in its Monthly Economic Review that the Russia-Ukraine crisis presents a twin challenge to the Indian economy.  Furthermore, the ministry informed that the government sought affordable options to procure crude oil.  In January, the Economic Survey predicted the Indian economy

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