Indian Diesel Exports Are Diverted From Europe To Asia
Shipments of Indian diesel to Europe have decreased significantly and now are at the lowest in the last 2 years. The presence of Houthi pirates in the Red Sea is disrupting international trade and the turmoil has forced ships to take new and longer routes, which drives the freight costs higher. According to data given…
Ongoing Red Sea Crisis Builds Pressure On Asian Exporters
The crisis in the Red Sea region is still going on, and now, it has started to mount pressure on Asian exporters, especially those that ship their goods to Europe. Moreover, the probability of attack has caused Asian exporters to take longer routes to their destination, which is causing disruptions in shipping times and freight…
Russia Is Cutting India’s Natural-gas Supply, What’s Next?
It is getting harder for India to source natural gas as Russia has slowed down the supply since the Ukraine invasion. Europe is drawing away much of the global natural gas supply to its shores. “Contrary to widespread alarmism over the adverse impact of the Russia-Ukraine war on global commodity prices, the importance of commodity…
Fuel Prices Are at the Lowest as Covid Lockdowns Implemented Across the World
On Friday, oil prices dropped to a six-week low as additional Covid lockdowns raised demand issues just as industry participants signalled a supply restoration. Due to these reasons, domestic fuel merchants may drop gasoline and diesel rates following the rise of covid-19 cases in Europe, according to two inside sources. This Friday, standard Brent crude…