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Brent–WTI spread emerges as a key gauge of geopolitical stress in global oil markets

Brent–WTI spread emerges as a key gauge of geopolitical stress in global oil markets

The Brent-WTI oil price spread surged from US$ 3 to nearly US$ 14 a barrel amid 2026 geopolitical tensions, before settling around US$ 8, highlighting global market stress and supply risks.
Affordable financing crucial for Delhi's EV Policy 2026 success: CEO

Affordable financing crucial for Delhi's EV Policy 2026 success: CEO

Delhi's EV Policy 2026 offers incentives up to Rs 1 lakh, but affordable financing and easier credit access remain crucial for mass adoption and long-term success.
ACME Strengthens Oman-India Green Fuels Partnership

ACME Strengthens Oman-India Green Fuels Partnership

ACME's new green fuels partnership connects Oman and India to advance clean energy trade, establishing resilient supply chains for green hydrogen and ammonia while driving industrial decarbonisation.
India Electrical Switches Market to Reach USD 1,864.83 Million by 2032 - Credence Research

India Electrical Switches Market to Reach USD 1,864.83 Million by 2032 - Credence Research

The electrical switches market is projected to reach USD 1,864.83 million by 2032, growing at a CAGR of 8.36% from 2025, driven by construction expansion and smart home adoption.
EIM, HPCL Partner to Roll Out EV Charging and Battery Swapping Hubs for Heavy Commercial Vehicles

EIM, HPCL Partner to Roll Out EV Charging and Battery Swapping Hubs for Heavy Commercial Vehicles

Energy In Motion partnered with HPCL to deploy fast-charging and battery-swapping hubs for heavy commercial vehicles across major Indian freight corridors over the next 18-24 months, targeting 40 stations by March 2027.
China’s property slump plunges diesel demand to 15-yr low, refiners pivot to petrochemicals

China’s property slump plunges diesel demand to 15-yr low, refiners pivot to petrochemicals

China's historic property slump plunged June diesel production to a 15-year low of 12.9 million metric tons, forcing refiners to pivot toward petrochemicals amidst falling construction demand.
Nepal’s Costly Fuel Addiction

Nepal’s Costly Fuel Addiction

Nepal spent Rs 332.27 billion on petroleum imports last fiscal year, a 15.5 percent increase. Despite abundant hydropower, heavy fossil fuel dependence strains its economy and foreign exchange reserves.
IREL’s 4k cr rare earth JV in TN to generate 4k jobs

IREL’s 4k cr rare earth JV in TN to generate 4k jobs

IREL is investing ₹4,000 crore in a rare earth mining and processing facility in Tuticorin, Tamil Nadu. The project will generate 4,000 jobs and boost domestic permanent magnet manufacturing.
Repsol profit surges to €2.2bn as Iran conflict fuels market volatility

Repsol profit surges to €2.2bn as Iran conflict fuels market volatility

Repsol reported a first-half net income of €2.2 billion, driven by higher oil prices and strong refining margins, despite investing €2.4 billion in fuel inventories and booking €1.3 billion in impairments.
SK Innovation EandS to import condensate from Australian gas field

SK Innovation EandS to import condensate from Australian gas field

SK Innovation E&S will import its first 300,000-barrel shipment of condensate from Australia's Barossa gas field to produce petrochemicals in Incheon, marking a milestone in its overseas energy investments.

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