Tag: India
Crude oil prices stay muted in 1H amid altered oil flows tracking Ukraine war
Brent crude prices expected to remain flat around $80/barrel in first half of 2023, with potential recovery to $85-$90 in second half. Increased demand from India and China may offset Western restrictions on Russian oil supply, driven by shifting global energy landscapes.
Europe bans Russian diesel, other oil products over Ukraine
The European Union and G7 allies have banned Russian diesel and refined oil products, aiming to reduce Moscow's energy income without disrupting global markets. The move targets Russia's military funding while preserving diesel supplies for critical economic sectors like transportation and agriculture.
WHO says 99% of the world’s population breathes poor-quality air.
The World Health Organization reports that nearly everyone worldwide is exposed to air that exceeds safe quality limits, with pollutants causing millions of preventable deaths annually by penetrating lungs and bloodstreams.
Reliance, Google to delay India smartphone launch
Reliance Industries and Google have postponed their planned ultra-affordable smartphone launch in November, citing global semiconductor scarcity. The COVID-19 pandemic's shift to remote work has intensified demand for critical electronic components, affecting production across multiple sectors.
