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Crude Oil Companies Rally Up to 5.5% Amid Sharp Decline in Global Crude Prices
Crude oil markets are once again driving strong moves in global equities. In recent trading sessions, global crude prices witnessed a sharp decline due to easing geopolitical tensions and improving supply outlook. This triggered a positive reaction in Indian energy stocks. Among the biggest beneficiaries are India’s state-run oil marketing companies (OMCs), including Indian Oil…
Russia’s Oil Refineries Under Siege as Ukraine Targets Fuel Supply, June 11
Ukraine strikes Russian oil refineries with drones as state fund reserves fall from 6.5% to 1.8% of GDP since war began.
Brent Oil Falls to $91.76, WTI to $88.88 as Diplomatic Efforts Ease Oil Rally
Brent Oil prices slipped to $91.76 per barrel, while West Texas Intermediate (WTI) dropped to $88.88 per barrel, as renewed diplomatic efforts eased concerns over supply disruptions. The decline comes after several weeks of volatility driven by geopolitical tensions and supply uncertainty in key oil-producing regions. The global energy market has been highly sensitive to…
Sasol Invests €60M in German Plant to Boost Catalyst Supply, June 10
Sasol invests €60 million to expand specialty chemicals capacity at Brunsbüttel plant, producing catalyst supports for refineries starting 2029.
168 MW AI Hub in Gujarat: META and RIL Join Forces for Next-Gen Data Center
India’s data centre landscape just reached a defining milestone. On June 10, 2026, Meta Platforms (NASDAQ: META) and Reliance Industries (NSE: RELIANCE) officially announced a strategic agreement to build a 168 MW AI-enabled data centre in Jamnagar, Gujarat. Reliance will construct the facility, which Meta will lease, with options to further scale capacity. Reliance has…
Scandal-Hit Rajesh Exports Shares Hit 5% Lower Circuit for 5th Straight Session After SEBI Allegations
The crisis surrounding Rajesh Exports has deepened as the company’s shares reportedly hit the 5% lower circuit for the fifth consecutive trading session. The sharp decline comes after serious allegations from the Securities and Exchange Board of India (SEBI), triggering panic among investors and raising fresh questions about corporate governance at one of India’s best-known…
Ambani’s Reliance Invests in Trump-Backed Texas Refinery, June 09
Reliance Industries invests in Texas refinery startup backed by Trump Jr., strengthening U.S.-India business ties.
South Korea Eyes Canada Submarine Deal with CAD $3.1B Hydrogen Plan, June 07
HD Hyundai expands Canada submarine bid with CAD $3.1B hydrogen truck ecosystem, oil refining, and mining projects. Decision due by end of June 2026.
Migros Opens First 24-Hour Store in Herisau, Tests Hybrid Model
Migros opens hybrid 24-hour store in Herisau AR combining daytime staff with nighttime automation for a new retail model.