Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking US rig count added to upward price pressure. Brent crude futures climbed 39 cents, or 0.5 per cent, to $85.82 a barrel… Continue reading Crude oil rises as heightened geopolitical risks exacerbate supply concerns | Economy & Policy News
Tag: supply
GGEL bags Rs 21-crore iron ore supply order from an industrial group
G G Engineering Ltd (GGEL) has received an iron ore supply order worth Rs 21 crore, the company said on Sunday. The order bagged from an industrial group will be completed within next 30-45 days, GGEL said in a statement. “GGEL has received order valued Rs 210 million for supplying iron raw… Continue reading GGEL bags Rs 21-crore iron ore supply order from an industrial group
Committed to depoliticise global supply of food: Indian envoy tells UNSC
Leveraging its G20 presidency, India is committed to depoliticising the global supply of food, fertilisers and medical products so that geopolitical tensions do not lead to a humanitarian crisis, the country’s envoy to the United Nations Ruchira Kamboj has told the Security Council. Observing that the global food insecurity situation is daunting, with… Continue reading Committed to depoliticise global supply of food: Indian envoy tells UNSC
India, Nepal sign 4 MoUs on education, water supply, sanitation facilities
Among the four projects, three will be in the education sector and one project in Water Supply and Sanitation, at a total estimated cost of NRs. 170 million, a release from the Indian Embassy in Kathmandu read. The Indian embassy in Kathmandu and the Ministry of Federal Affairs and General Administration of Nepal on… Continue reading India, Nepal sign 4 MoUs on education, water supply, sanitation facilities
Tomato prices spike on tight supply, Mother Dairy selling at Rs 259/kg
Tomato prices have again hit the roof in the national capital with Mother Dairy selling the key kitchen staple at a whopping Rs 259 per kg on Wednesday via its Safal retail stores. Tomato prices have been under pressure for more than a month now on account of supply disruptions caused due to… Continue reading Tomato prices spike on tight supply, Mother Dairy selling at Rs 259/kg
Rice supply faces new threat as Thailand urges crop curbs to save water
By Anuchit Nguyen and Mai Ngoc Chau Thailand has urged farmers to reduce their rice planting to save water following poor rainfall, a move that poses a fresh threat to global supply after India banned some shipments of the grain. Farmers in the key central region have already planted most of… Continue reading Rice supply faces new threat as Thailand urges crop curbs to save water
Indian refiners stock up Urals crude oil before Russian supply cut
Indian imports of Urals grade crude oil from the Russian Federation climbed 13-14 per cent month-on-month to a fresh high in July, according to ship tracking and Russian government data. But there has been a cloud over supplies in August with Russia cutting its oil export. Urals oil — high sulphur,… Continue reading Indian refiners stock up Urals crude oil before Russian supply cut