Can India Really Shut Down Oil Supply To China?
Threats to oil shipping routes are nothing new to the oil market. It has endured Iran seizing tankers in the Strait of Hormuz , and it has endured Iran’s repeated Continue Reading
Analysis: India delaying flight restart to weigh on jet fuel demand
India has deferred the resumption of international commercial flights until July 31 from its previous announcement of July 15 while also curtailing some domestic flights, marring the prospects of an Continue Reading
With nearly 700,000 coronavirus cases, India is third worst-hit country
India has over-taken Russia with the world’s third-highest number of novel coronavirus cases, at nearly 700,000, according to the latest data, as the outbreak shows no sign of slowing. Health Continue Reading
India Growth Forecast Cut Again at Citi as Virus Cases Surge
Citigroup Inc. sharply lowered its forecast for India’s economy as the coronavirus pandemic shows no sign of slowing. The nation’s gross domestic product will contract 6% in the fiscal year Continue Reading
India’s Oil Demand from Cars to Factories Limps Toward Normalcy
The world’s fastest-growing oil market is showing an uneven recovery two months after easing demand-destroying virus-control measures. Provisional fuel sales in June had climbed within 88% of 2019 levels from less Continue Reading
India Confident Fuel Demand Will Return To Normal By September
Fuel demand in India, the world’s third-largest oil importer and third-largest oil consumer, is set to rebound to pre-crisis levels by the end of September, Indian Oil Minister Dharmendra Pradhan Continue Reading
Analysis: Pakistan’s low oil product inventory set to spur imports in Jul-Aug
Pakistan’s oil marketing companies are likely to import more spot barrels of motor fuels soon as the recovery in domestic demand amid low refinery run rates threatens to draw down Continue Reading
Millions of Workers Fled India’s Cities and Don’t Want to Return
From March through May, around 10 million migrant workers fled India’s megacities, afraid to be unemployed, hungry, and far from family during the world’s biggest anti-Covid lockdown. Now, as Asia’s third-largest Continue Reading
India Stocks Drop as Virus Cases Rise and States Extend Curbs
Indian stocks dropped on concern that increasing coronavirus infections and the extension of restrictive measures in some states will hinder a recovery in Asia’s third-biggest economy, which has just begun Continue Reading
Power outages spark protests across Karachi
The city witnessed widespread protests on Wednesday as residents, angered by prolonged blackouts and water shortages amid rising temperatures and a pandemic, took to the streets. Various neighborhoods, including Korangi, Landhi, Continue Reading