Reliance (RIL IS) has capped fuel purchases to USD 11 per visit due to the growing shortages, Bloomberg reports citing sources
Reliance Industries' decision to cap fuel purchases at USD 11 per visit highlights the impact of growing shortages in the market.
South African Manufacturing Production MoM (Feb) M/M -2.2% (Prev. 1.5%)
South African Manufacturing Production YoY (Feb) Y/Y -2.8% (Prev. -0.7%)
Reliance (RIL IS) has capped fuel purchases to USD 11 per visit due to the growing shortages, Bloomberg reports citing sources
One oil products tanker sailed through Hormuz in past 24 hours, according to shipping data; Five dry bulk ships and two Iranian-flagged ships also sales through
EU Trade Commissioner Sefcovic is to visit the US on April 23rd-24th, Politico reports
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This move could signal tightening supply conditions and lead to upward pressure on fuel prices, which may influence broader energy markets and inflation dynamics. Traders should closely monitor reactions in commodity and currency markets as this development unfolds.
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