If refiners are ultimately required to raise their stock levels to cover about 30 days of national consumption, they would collectively need to maintain around 150 million barrels of crude oil. (AI image) Drawing lessons from China, India may look to push its domestic refiners to increase the stockpile of crude inventories with energy security…
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“Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading at 24,015, up by 21 points. Asian markets are witnessing mixed trade after a subdued overnight session on Wall Street, where the Nasdaq Composite and S&P 500 ended lower amid weakness in technology stocks, while the Dow Jones Industrial…
NEW DELHI: Petrol bombs were hurled at an RSS office in Jharkhand’s Ranchi in the early hours of Wednesday, with opposition leader Babulal Marandi cautioning that this was “preparation for a bigger incident”.Marandi said the matter had been brought to the notice of the district administration.“At around 12.36am, two men threw petrol bombs at the…
Rupee began Wednesday on a strong note, rising over 30 paise against US dollar, extending its recent recovery as easing crude oil prices and a softer dollar index lifted sentiment. At the interbank foreign exchange, the currency rose 31 paise to touch 94.29 against the greenback. It opened at 94.46 and later climbed to 94.29,…
Middle East crisis choked one of the world’s busiest oil pipelines for over 100 days, sending ripples to economies across the globe. As energy shipments fell, many players opted for a range of tactics to keep the shipments flowing. The US adopted Iran’s playbook. Using a method long associated with Iran’s sanctions-busting efforts, the United…
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Bitcoin’s risk-adjusted return has fallen to a level that has marked every bear-market bottom of the past decade, the latest on-chain reading to point toward accumulation rather than more downside. The Sharpe ratio, which measures return against volatility, dropped to -20 on June 11, according to CryptoQuant data reviewed by CoinDesk. It hit that mark…
