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China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
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Oil Traders Are Daring To Defy Market Kingpin Saudi Arabia
Oil traders are starting to ignore the most important person in the market. It could prove a risky gambit.
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Indian Traders Cut Palm Oil Purchase On Rising Premiums
Indian buyers have opted to cancel 75,000 tonnes of palm oil purchases for the first time in many years and switch to rival soft oils, such as sunflower oil and soyoil, five industry officials told Reuters.
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Rupee Declines 10 Paise To 82.16 Against US Dollar
Traders said fall in crude oil price and weaker dollar against major currencies restricted the fall of the Indian currency.
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Rupee Closes At 82.75 Against US Dollar
Forex traders said the support from firm domestic equities and weak American currency was negated by the gains in crude oil prices and sustained foreign fund outflows.
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Rupee Trades In Narrow Range, Begins 2023 On Flat Note
Forex traders said the rupee is trading in a narrow range as the support from firm domestic equities and weak American currency is negated by the gains in crude oil prices and sustained foreign fund outflows.
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Rupee Declines 35 Paise To 82.63 Against US Dollar
Foreign fund outflows and rising crude oil prices in the international market impacted the domestic unit, forex traders said.
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Sensex Declines As IT Stocks Fall, Nifty Ends Below 18,500
Rising crude oil prices and relentless foreign capital outflows further weighed on sentiment, traders said.
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India's Vacuum Gasoil Exports To US Jump As West Shuns Russian Supplies
India stepped up vacuum gasoil (VGO) exports to the United States this year in an unusual trade flow for the oil product as the West seeks alternatives to replace Russian supplies, according to traders and data analytics firms.
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Major Traders, Banks Cut Business Ties With Russia-Backed Refiner: Report
Many global oil traders and banks have stopped dealing withrefiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine, two people with knowledge of the matter told Reuters.
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Oil Prices Turn More Volatile As Investors Exit The Market: Report
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.
-
More Oil Middlemen Muscle In To Supply India With Russian Crude
India is set to get more channels to buy cheap Russian oil, with a new wave of smaller, international traders muscling into its vast market by offering barrels shunned by rivals after the invasion of Ukraine.
-
Fuel Export Curbs, Tax Hike To Intensify Global Diesel, Petrol Shortage
India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline (petrol) exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said.
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Russia's Rosneft Ramps Up Oil Sales To Indian Oil In May - Traders
Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp.
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Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
-
China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
-
Oil Traders Are Daring To Defy Market Kingpin Saudi Arabia
Oil traders are starting to ignore the most important person in the market. It could prove a risky gambit.
-
Indian Traders Cut Palm Oil Purchase On Rising Premiums
Indian buyers have opted to cancel 75,000 tonnes of palm oil purchases for the first time in many years and switch to rival soft oils, such as sunflower oil and soyoil, five industry officials told Reuters.
-
Rupee Declines 10 Paise To 82.16 Against US Dollar
Traders said fall in crude oil price and weaker dollar against major currencies restricted the fall of the Indian currency.
-
Rupee Closes At 82.75 Against US Dollar
Forex traders said the support from firm domestic equities and weak American currency was negated by the gains in crude oil prices and sustained foreign fund outflows.
-
Rupee Trades In Narrow Range, Begins 2023 On Flat Note
Forex traders said the rupee is trading in a narrow range as the support from firm domestic equities and weak American currency is negated by the gains in crude oil prices and sustained foreign fund outflows.
-
Rupee Declines 35 Paise To 82.63 Against US Dollar
Foreign fund outflows and rising crude oil prices in the international market impacted the domestic unit, forex traders said.
-
Sensex Declines As IT Stocks Fall, Nifty Ends Below 18,500
Rising crude oil prices and relentless foreign capital outflows further weighed on sentiment, traders said.
-
India's Vacuum Gasoil Exports To US Jump As West Shuns Russian Supplies
India stepped up vacuum gasoil (VGO) exports to the United States this year in an unusual trade flow for the oil product as the West seeks alternatives to replace Russian supplies, according to traders and data analytics firms.
-
Major Traders, Banks Cut Business Ties With Russia-Backed Refiner: Report
Many global oil traders and banks have stopped dealing withrefiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine, two people with knowledge of the matter told Reuters.
-
Oil Prices Turn More Volatile As Investors Exit The Market: Report
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.
-
More Oil Middlemen Muscle In To Supply India With Russian Crude
India is set to get more channels to buy cheap Russian oil, with a new wave of smaller, international traders muscling into its vast market by offering barrels shunned by rivals after the invasion of Ukraine.
-
Fuel Export Curbs, Tax Hike To Intensify Global Diesel, Petrol Shortage
India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline (petrol) exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said.
-
Russia's Rosneft Ramps Up Oil Sales To Indian Oil In May - Traders
Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp.
-
Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
