Our business reporter Peter Eavis looks at the global implications of the Strait of Hormuz, the narrow waterway to the south of Iran. He analyzes ship activity in the strait, comparing it before and after the United States and Israel initiated attacks on Iran. By Peter Eavis, Sutton Raphael, Leila Medina, Stephanie Swart, Blacki Migliozzi, […]
Stock market today (AI image) Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Monday amidst rising Middle East tensions and global market turmoil, with impact on crude oil prices and trade in focus. While Nifty50 went below 24,900, BSE Sensex was done over 1,000 points. At 9:16 AM, Nifty50 was […]
Why Venezuela has more oil than any country on Earth Venezuela has the world’s largest proven oil reserves, officially holding about 303 billion barrels, or roughly 17 per cent of global crude, mostly in the Orinoco Belt, where the oil is unusually dense and heavy. The size of the reserves is a reflection of the […]
Mumbai, February 12 (Udaipur Kiran): Kirloskar Oil Engines is currently trading at Rs. 1390.00, up by 67.30 points or 5.09% from its previous closing of Rs. 1322.70 on the BSE. The scrip opened at Rs. 1359.35 and has touched a high and low of Rs. 1435.75 and Rs. 1287.80 respectively. So far 288227 shares were […]
Saudi Aramco Achieves 70% Local Content Milestone in Supply Chain, Boosting Saudi Vision 2030 Saudi Aramco, the world’s largest integrated energy and chemicals company, has announced a major breakthrough in its In-Kingdom Total Value Add (iktva) programme by achieving a 70% local content benchmark in its supply chain, a milestone that underscores the Kingdom’s push […]
Mumbai, January 6 (Udaipur Kiran): Shares of indian oil Corporation traded higher on the BSE after the company reported a sharp jump in its consolidated net profit for the third quarter of FY26. Indian Oil Corporation was trading at Rs 177.35, up by Rs 1.60 or 0.91 per cent from its previous close of Rs […]
Saudi Aramco Just Raised $4 Billion And Global Investors Are Rushing In Saudi Arabia’s oil giant, Saudi Aramco, has successfully completed a major $4 billion bond issuance, underscoring strong investor confidence in the company’s financial stability and its strategic capital management approach. The multi-tranche bond sale, a part of Aramco’s Global Medium Term Note Programme, […]
Treasury secretary Scott Bessent said the US made much bigger sacrifices than the European countries in the Russia-Ukraine conflict. “We have put 25% tariffs on India for buying Russian oil. Guess what happened last week? The Europeans signed a trade deal with India,” Bessent said, explaining that Russian oil goes to India and then Europeans […]
Representative image (AI) The United States on Friday imposed fresh sanctions on a fleet of nine ships and their owners for allegedly transporting hundreds of millions of dollars’ worth of sanctioned Iranian oil to foreign markets. The move marks a further escalation of pressure on Tehran amid ongoing unrest and a nationwide crackdown in Iran.The […]
An oil terminal near the village of Volna in Russia’s Krasnodar Krai was struck late Wednesday by Ukrainian drones, triggering a major fire that killed at least three people and injured several others, according to Russian authorities.Krasnodar region governor Veniamin Kondratyev said four oil product tanks caught fire following the strike. Emergency services said the […]
