MUMBAI: Oil marketing companies are likely to add 35-40 million tonnes of crude oil refining capacity and take the installed base to 295 mt by fiscal 2030 to meet the rising consumption forecast as the current capacities are already being optimally utilized at 100-103 percent. Within transport fuels, diesel grew 3 percent; petrol grew 8 percent, and jet fuel grew …
HONG KONG — China’s exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy. Exports in August expanded by 8.7% to $308.65 billion compared to the same period last year, according to data released by China’s customs office Tuesday, beating economists’ estimates of about 6.5%. “Imports volumes …
Indian manufacturers reported the fastest increase in production and new orders this August since November 2021, thanks to higher strengthening demand conditions and a spike in export orders, as per the survey-based S&P Global India Manufacturing Purchasing Managers’ Index. The seasonally adjusted S&P Global India Manufacturing PMI moderated slightly to 56.2 in August from 56.4 in July, signalling the second-strongest …
