crude oil

Market Update: India’s Equity indices extend their rally to fresh all-time highs

India's Equity Indices extended their rally to fresh all-time highs during the session today. However, selling at higher levels erased all the day’s gains to end with losses snapping their four-day winning run. At close, the 30-share pack hit a fresh record high of 79,672 but eventually ended with a loss of 210 points, or 0.27 per cent, at 79,033. The Nifty 50 hit a fresh record high of 24,174 during the session but failed to hold altitude and ended 34 points, or 0.14 per cent, lowe...

July 11, 2023 7:55 PM

Indonesia seizes Iranian-flagged supertanker suspected of illegal transshipment of crude oil

Indonesia's coast guard said today that it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil, and vowed to toughen maritime patrols. The MT Arman 114 was carrying 2,72,569 metric tons of light crude oil, valued at 304 million dollars. The vessel was captured on Friday after being spotted in Indonesia's North Natuna Sea, carrying out a ship-to-ship oil transfer with the Cameroon-flagged MT S Tinos. Along with the MT Arman, aut...