An industry professional who works with a ship management company in Mumbai confirmed that India, too, has sealed off seafarers. "The government has urged Indian seafarers working abroad either on Indian or foreign vessels not to sign off after finishing their contracts and return to India," he said, requesting anonymity. Only a few are exempted and that too on grounds of emergency. … [Read more...] about Exclusive | Lost at sea: Thousands of shipping crew stranded as countries tighten borders
Iranian oil tanker
So yes, we should celebrate India’s resilience in the face of slowing global growth, but we need to take the IMF projections with a pinch of salt. And we need to keep a wary eye on oil prices.Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now! … [Read more...] about Quick Take | Can the IMF predict oil prices?
"The import of RBD palmolein should be allowed, at least for actual users, so that the country is fully prepared to supply sufficient edible oil in any worst-case scenario during the COVID-19. Failing this, we will face severe edible oil shortage in the market,” Rao told the paper.Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now! … [Read more...] about Mangaluru CII requests Centre to allow import of RBD palmolein oil: Report
In the futures market, crude oil for April delivery touched an intraday high of Rs 1,905 and a low of Rs 1,746 per barrel on the MCX. So far in the current series, the black gold has touched a low of Rs 1,717 and a high of Rs 4,186. … [Read more...] about Crude oil futures fall nearly 9% in afternoon trade
He also repeated his expectation that U.S. unemployment will leap to the low or mid teens, for 3.5 percent in February, and that though it should drop to around 8 percent by year's end, a weakened consumer and small business sector mean it could be a challenge to bring the figure lower, quickly. … [Read more...] about Fed’s Kaplan says oil output cut helps, joblessness will be ‘challenge’: Report