#Crude oil markets

[reportwire]

Asian shares gain after Fed chair signals slower rate hikes

Asian shares gain after Fed chair signals slower rate hikes

BANGKOK — Shares advanced in Europe and Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair’s comments on easing the pace of interest rate hikes to tame inflation. Signs that China may be shifting its approach to containing COVID-19 outbreaks to focus more on vaccinations, while some cities have lifted pandemic lockdowns, also helped lift sentiment. In Europe,…

[hmatrading0]

Options Trading Guide

Options trading guide can be a versatile and powerful way to manage risk and potentially profit from financial markets. Here's a comprehensive guide to get you started.

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[anoopastrosutra]

Nifty Prediction : Nifty may look for another 100 points + | Trade with stoploss on upside

Daily Forecast – Share Market – September 12th, 2023 Nifty may look for another 100 points + | Trade with stoploss on upside Venus with Mercury leads the day, well supported by Moon, Mars, Rahu, and Ketu. As indicated Continue reading Untitled

[commoditysamachar]

China is facing a challenging threat and is now moving towards the dynamic approach named Zero Covid Policy. For more visit us on https://commoditysamachar.com/ or call us at +91 7968158368.

[tradabulls]

US Fed Meeting Highlights

Interest Rate Cut: The Federal Reserve cut its benchmark lending rate by 25 basis points to 4.5%, marking the second rate cut in 2024. 

Impact on Bond Yields: Despite the expected rate cut, a lack of guidance on future policy from Fed Chair Jerome Powell caused a sharp drop in US bond yields. The 10-year Treasury yield fell by 11 basis points to 4.33%, while 30-year Treasuries saw significant losses before slight recovery. 

Global Market Reactions:  a. Wall Street: Indices reached fresh record highs following the rate cut.  b. Indian Market: The Nifty 50 index stayed over 2,000 points below its record high of 26,277.35. 

Commodities:  a. Crude Oil: Prices fell, with Brent Crude down nearly 3% for the week. Trump’s presidency continues to weigh on oil, while markets consider potential stimulus from China.  b. Gold: Prices dropped as the US dollar strengthened after Trump’s re-election, impacting gold valuation. 

China's Influence: The conclusion of the National People’s Congress Standing Committee meeting today may provide important cues for global markets. 

For more market updates, visit TradaBulls.com. 

[jarvis-invest]

Discover the impact of the surge in crude oil prices in 2024 on global stock markets & Find out how higher oil prices can affect energy companies, other sectors, and economies heavily reliant on oil imports.

[youthchronical]

'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts

The head of oil producer alliance OPEC brushed off forecasts of dwindling crude demand in the coming year, saying there was too much pessimism in the market — despite the group extending production cuts just one day prior in an attempt to shore up prices amid subdued global consumption. “Well, for OPEC, we have demand growth this year at 1.9 million barrels a day,” OPEC Secretary-General Haitham…

[trendynewsnow]

OPEC+ Delays Oil Production Increase Amid Market Concerns

OPEC+ Delays Oil Production Increase Until December On Sunday, Saudi Arabia, along with seven other oil-producing nations, announced a postponement of their plans to gradually raise oil production until the end of December. This information was shared through a news release on the Organization of the Petroleum Exporting Countries (OPEC) website. The statement did not specify a reason for the…

[seairexim]

India's Crude Oil Imports: Key Importers, Data, and Global Impact

India is the third-largest crude oil importer in the world, underscoring the nation’s reliance on foreign oil to meet its growing energy needs. As a rapidly developing economy, India requires vast amounts of energy, with crude oil playing a significant role in powering its transportation, industrial, and domestic sectors. The sheer scale of crude oil import in India places it among the top global players in energy consumption, and this dependence on imports has a substantial influence on both domestic and international markets.

This article delves into the dynamics of India crude oil imports by country, explores the crude oil importers in India, and provides a deep dive into India's crude oil import data. Understanding these facets will help provide a comprehensive picture of India’s energy landscape and its role in the global oil market.

Crude Oil Import in India: An Overview

Crude oil import in India has grown steadily over the past few decades. According to the Ministry of Petroleum and Natural Gas, India imports about 80-85% of its total crude oil needs, making it one of the most significant players in the global oil market. In recent years, geopolitical factors, fluctuating oil prices, and energy security concerns have shaped India's approach toward crude oil imports.

India's increasing urbanization and industrialization have intensified its energy demand. With renewable energy sources still in developmental phases, the need for fossil fuels remains dominant. As a result, India looks to countries across the globe to supply its crude oil needs, ranking it among the top 10 crude oil importing countries.

India's Crude Oil Imports by Country

India sources crude oil from a wide array of nations. The Middle East remains the predominant supplier, but India has diversified its oil import partners in recent years to mitigate the risks associated with over-reliance on a single region. The list show India crude oil imports by country

1. Saudi Arabia

Saudi Arabia has traditionally been one of the largest suppliers of crude oil to India. Its close proximity, established trade routes, and significant production capacity make it a reliable partner in meeting India’s energy needs.

2. Iraq

In recent years, Iraq has emerged as a key player, often overtaking Saudi Arabia as the leading supplier. With favorable pricing and high-quality crude oil, Iraq plays a crucial role in India's energy strategy.

3. United Arab Emirates (UAE)

The UAE is another major player in the Middle Eastern oil market and has strong trade relations with India. As part of the broader economic ties between the two nations, the UAE regularly supplies crude oil to Indian refineries.

4. United States

In recent years, the United States has become a significant supplier of crude oil to India. This is a result of increased oil production in the U.S. due to advancements in shale technology. India sees the U.S. as a crucial partner in diversifying its oil imports and ensuring energy security.

5. Nigeria

Nigeria is the leading African supplier of crude oil to India. The light, sweet crude oil from Nigeria is highly sought after due to its low sulfur content, which makes it easier to refine.

6. Russia

In recent years, Russia has become a more important supplier of crude oil to India. Although logistical challenges remain, India views Russia as a key player in its diversification strategy.

Top 10 Crude Oil Importing Countries

Globally, crude oil is one of the most traded commodities, and several nations rely heavily on imports to meet their energy needs. Apart from India, here are the top 10 crude oil importing countries:

United States: Despite being one of the largest oil producers, the U.S. still imports a significant amount of crude oil due to varying qualities of crude required by its refineries.

China: As the world’s largest oil importer, China sources crude oil from a wide range of countries, particularly in the Middle East and Africa.

India: India is the third-largest crude oil importer, sourcing oil from the Middle East, the U.S., and Africa.

Japan: Lacking domestic oil reserves, Japan relies heavily on imports to meet its energy demands.

South Korea: South Korea is another major oil importer, depending largely on Middle Eastern suppliers.

Germany: Germany imports crude oil to fuel its industries, and its primary suppliers include Russia and Norway.

Netherlands: A major hub for oil refining and trade in Europe, the Netherlands imports a significant amount of crude oil.

Italy: Italy relies on imports, primarily from North Africa and the Middle East, to meet its energy needs.

Spain: Spain imports crude oil from regions such as North Africa and Latin America to power its economy.

France: France imports crude oil mainly from the Middle East, Africa, and Russia.

Biggest Crude Oil Importers in India

India’s crude oil market is characterized by several key importers that play a vital role in managing the nation’s energy supplies. The biggest crude oil importers include public sector undertakings such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). These companies manage a large share of India’s crude oil imports, refining capacity, and distribution network.

Additionally, private companies like Reliance Industries and Nayara Energy are significant importers of crude oil, operating some of the world’s largest refineries. Reliance’s refinery in Jamnagar is one of the largest single-location refineries globally, processing a large portion of India’s imported crude oil.

India's Crude Oil Import Data: A Snapshot

To understand the scale of India's crude oil imports, it is essential to look at the available data. In the fiscal year 2022-2023, India imported approximately 220 million metric tons of crude oil. The value of these imports fluctuates based on global oil prices but is consistently a significant part of India's trade deficit.

The diversification of supply sources, especially from regions like Africa and the U.S., has become increasingly important. India aims to reduce its dependency on any single region while continuing to secure favorable trade deals.

Conclusion

India’s crude oil imports are pivotal to its energy security and economic growth. As one of the biggest crude oil importers in the world, India has built strong relationships with suppliers across the globe, from the Middle East to the U.S. and Africa. The future of crude oil importers in India will be shaped by geopolitical factors, advancements in energy technologies, and India's evolving energy mix. Diversifying its supply sources and exploring alternatives to crude oil will remain critical to India’s energy strategy in the years to come. However if you need detailed report on India's crude oil import data, or crude Hs code mconnect with ExportImportData.in.

Also Read: Understanding Top Exports of Turkey in 2024: Key Insights

[uniqueeval]

WTI rebounds 2%, closes above $67 per barrel

U.S. crude oil rebounded more than 2% on Wednesday, regaining some ground after prices closed at the lowest level in nearly three years in the previous session. “Crude Oil has rallied back aggressively,” Bob Yawger, executive director of energy futures at Mizuho Securities, told clients in a note. Yawger said the rally could be due to “Hurricane Francine churning up the US oil patch in the Gulf…

[hmatrading0]

Today's Nifty Outlook: Understanding Market Movements

The Nifty forecast, which includes the top 50 companies listed on the National Stock Exchange (NSE) often shows how well India's economy is doing overall.

Please visit our blog - https://hmatrading.in/nifty-forecast/ Address: Ground floor, D - 113, D Block, Sector 63, Noida, Uttar Pradesh 201301 Phone: 9625066561

[anoopastrosutra]

Nifty Prediction : Nifty may show buying at lower | Nifty may test 24050

Daily Forecast – Share Market – November 11th, 2024 Nifty may show buying at lower | Nifty may test 24050 Watch again FIIs | Confusion in market may Persist | Is this Fear of Collapse? Saturn retrograde with Jupiter retrograde leads the day, well supported by Mars, Moon, Rahu, Continue reading Nifty Prediction : Nifty may show buying at lower | Nifty may test 24050

[wolfthread1]

Tanvir: The Visionary Behind Wolf Thread’s Unprecedented Success

Introduction

Meet Tanvir, the dynamic force driving Wolf Thread to the forefront of global business excellence. As the visionary founder and CEO, Tanvir has revolutionized the multi-sector sourcing landscape with his innovative strategies and relentless pursuit of excellence. Under his leadership, Wolf Thread has emerged as a premier name in textiles, agro-sourcing, crude oils, solar panels, real estate, and business growth services. Tanvir’s remarkable journey from a young entrepreneur to an industry leader is a testament to his unparalleled expertise and commitment to shaping the future of business.

Transforming Industries with Vision

Tanvir’s journey with Wolf Thread is a powerful example of how vision and innovation can reshape industries. With a keen understanding of market dynamics and a passion for driving change, Tanvir has positioned Wolf Thread as a leader in diverse sectors. His strategic foresight has led to the creation of a robust platform that connects manufacturers and consumers, ensuring quality and efficiency at every step.

Exceptional Leadership

At the helm of Wolf Thread, Tanvir exemplifies leadership through action and innovation. His hands-on approach and commitment to excellence inspire the entire team, driving the company’s success across various sectors. Tanvir’s leadership is defined by his ability to foster a culture of collaboration, creativity, and continuous improvement, setting new standards for what a modern business can achieve.

Wolf Thread: A Legacy of Excellence

Under Tanvir’s guidance, Wolf Thread has become synonymous with quality and reliability. The company’s diverse portfolio, which includes textiles, agro-sourcing, crude oil supply, solar panels, and real estate, reflects Tanvir’s strategic vision and dedication to excellence. Each sector benefits from his expertise, ensuring that clients receive top-notch products and services that meet the highest standards.

Commitment to Ethical Practices

Tanvir’s commitment to ethical business practices is a cornerstone of Wolf Thread’s success. In an era where integrity is paramount, Tanvir ensures that every aspect of the company’s operations is transparent and sustainable. From sourcing high-quality textiles to negotiating fair deals in the crude oil market, Wolf Thread operates with a focus on building long-term relationships based on trust and ethical conduct.

Driving Sustainability

Tanvir is a strong advocate for sustainability, and this commitment is evident in Wolf Thread’s approach to agro-sourcing and solar energy. By promoting organic farming methods and investing in renewable energy solutions, Tanvir is driving the company’s efforts to contribute positively to the environment. His focus on sustainability not only benefits the planet but also aligns with the growing demand for responsible business practices.

Empowering the Next Generation

Tanvir’s influence extends beyond his own ventures. He is dedicated to mentoring and empowering the next generation of entrepreneurs, sharing his insights and experiences to help others achieve their goals. Through mentorship programs and industry engagements, Tanvir is fostering a new wave of talent, encouraging innovation, and inspiring future leaders.

The Future with Tanvir

Looking ahead, Tanvir is poised to continue making significant strides with Wolf Thread. His unwavering focus on innovation, growth, and excellence ensures that the company will remain at the cutting edge of global business. With Tanvir’s visionary leadership, Wolf Thread is set to achieve even greater milestones, further establishing itself as a leader in the multi-sector sourcing industry.

Conclusion

Tanvir’s leadership and vision are integral to Wolf Thread’s success story. As the driving force behind the company, Tanvir embodies the qualities of a modern entrepreneur: innovative, ethical, and forward-thinking. Wolf Thread’s remarkable achievements are a direct result of his strategic direction and commitment to excellence. To stay connected with Tanvir and learn more about the exciting developments at Wolf Thread, connect with him on LinkedIn and follow his updates on Facebook.

Discover the Future of Sourcing with Tanvir and Wolf Thread — Where Vision Meets Excellence.

Visit:��www.wolfthread.com

[tracknews1]

Oil Marketers Project Price Crash As Tinubu Order Crude Oil Sale In Naira

The approval given to Nigerian National Petroleum Company Limited (NNPCL) by President Bola Tinubu for the sale of crude oil to the Dangote Petroleum Refinery in naira is going to force the prices of domestically refined petroleum products to crash, oil marketers, refiners, and experts stated on Monday. Operators in the downstream oil sector commended the move by the President, stating that it…

[sharebazaar-intensifyresearch]

Crude Oil prices may decline further ! Might taste $80-mark; China demand a concern

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[smartfx]

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