Three Indian refiners cut Mideast oil imports in May
By Ritu, Capital Sands At least three Indian refiners have curbed oil imports from Middle East producers, including Saudi Arabia, for May because of storage constraints as local fuel demand slumped following the coronavirus outbreak, company officials said. This is the second consecutive month that Indian refiners have cut their long-term crude imports as […]
Australian retail sales surge in March, might avert first-quarter GDP contraction
By Administrator_India Capital Sands Australian retail sales surged by the most on record in March as a lockdown for the coronavirus spurred panic buying of food and other staples, perhaps saving the entire economy from a damaging contraction in the first quarter. Sales will likely plunge back in April due to strict social distancing rules […]