BPCL will more than double its intake of Brazilian crude through a $780 million arrangement with Petrobras.
As state-run Bharat Petroleum Corporation Ltd. (BPCL) works to expand crude procurement from non-Russian sources, India’s oil import policy is clearly being reevaluated. The Ministry of Petroleum and Natural Gas announced on Friday that BPCL would double the amount of its FY26 contract by purchasing 12 million barrels of crude oil from Brazil’s state-owned Petrobras…
What is the U.S. president’s next move? A naval blockade to stop oil shipments to Cuba!!!
Politico has reported that the U.S. president’s administration is considering imposing a naval blockade to completely block oil imports to the Caribbean nation of Cuba, with the aim of bringing about a regime change there. No final decision has been made on this matter. However, it has been reported that some critics of the Cuban…
IPOs marginally down in December compared to their peak in 2025: SEBI bulletin
According to the market regulator’s bulletin on Friday, fundraising through initial public offerings (IPOs) in India was comparatively mild in December as compared to the peak levels in 2025, but the number of new issuances was the greatest, and the issuance size was the third biggest globally. The Indian equity market’s poor performance due to…
Oil prices have risen sharply after issued a ‘warship’ warning to Iran!!!
Following U.S.President warning that the US could take military action against Iran, a major oil producer, concerns about potential disruptions to oil supplies in the Middle East increased in the markets. As a result, oil prices rose in Asian trading on Friday. Despite some losses in previous trading sessions, expectations of improved global oil demand,…
The rupee hits a record low of 91.95 against the US dollar.
On January 23, the Indian rupee fell to a record low of 91.95 versus the US dollar due to a selloff in local stocks, which exacerbated the existing pressure from speculative flows, importer payments, and dollar outflows. Due to speculative dollar purchases by offshore players, foreign withdrawals from stocks, and demand from bullion and other…
Gold price reached a new high on Comex at $4,970/oz, just one day after profit booking.
At the end of January, attention turned to the US Federal Reserve’s policy and the Union Budget set to be released on February 1, both of which may impact market volatility and currency fluctuations, according to analysts. In the midst of this, gold prices have been experiencing unprecedented highs, although there was a notable sell-off…
Sugar production increases to 15.9 MT by 22%.
According to the industry association ISMA on Tuesday, the nation’s sugar production has surpassed 15.9 million tonnes (MT) thus far in the current season 2025–2026 (October–September), a 22% year-over-year rise. The increase was mostly caused by improved yields and increased cane supplies. According to data from the Indian Sugar & Bio-Energy Manufacturers Association (ISMA), there…
Greenland issue: Gold price surge halted!!!
The price of gold, which had reached a historic high of around $4,900 per ounce in the previous trading session, remained largely stable in the Asian market on Thursday. This was mainly due to the U.S. President backing down from his earlier strong warnings regarding tensions over Greenland and imposing tariffs on European countries. This…
Fertilizer consumption and imports are rising.
Sales and imports of fertilizer types have increased dramatically, according to trade sources, despite the government’s efforts to reduce urea and diammonium phosphate (DAP) use through the introduction of nano-variants. Data from April to December of 2025–2026 also show a decrease in domestic fertilizer production as compared to the same time frame in the prior…
Oil prices fell due to a production halt in Kazakhstan!!!
Oil prices fell on Wednesday due to expectations of increasing US oil inventories, despite the ambition to acquire Greenland, the tariffs imposed by the US, geopolitical pressure, and a temporary production halt at two key locations in Kazakhstan. Oil production at Tengiz and Korolev, two of the world’s largest oil fields, may remain suspended for…
