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India Business News: Discounts on Russian oil imported by India have nearly doubled in the past two months to $8-10 per barrel, as state refiners have applied pressure on
China was forced to set the daily reference rate for the yuan weaker than 7 to the dollar for the first time in two years.
(Bloomberg) — China’s industrialized southern provinces are racing to restock coal in case demand recovers later this month or supplies are disrupted by the…
The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million barrels of Saudi oil a month.