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CommodityOilPrice.com

India Races to Triple Coal Stockpiles to Prevent Summer Blackouts

India’s coal, power, and railway ministries are working jointly to boost the country’s stocks of coal ahead of next summer, Bloomberg has reported, citing unnamed sources. The target total is 55 million tons—a substantial boost from the current inventory, which amounts to 18 million tons. The targeted amount should be secured by the end of the current Indian fiscal year, March 31. Currently, coal…

ForexForexLive

Italy October services PMI 52.0 vs 51.5 expected

Prior 51.7 Composite PMI 50.8 vs 50.8 expected Prior 51.0 Key findings: Growth in activity back in line with trend, supported by stronger new business inflows Business sentiment strongest since November last year Input cost inflation surges to almost four-year high Comment: Eleanor Dennison, Economist at S&P Global Market Intelligence: "The Italian service sector maintained its steady path of…

MacroFrance 24 World

Four oil tankers destroyed in Hormuz after hitting mines, Tehran says

Four oil tankers caught fire after hitting mines in the Strait of Hormuz, Tehran claimed Wednesday, a day after US President Donald Trump said the United States had launched strikes on Iran. Discussions to end the war between Washington and Tehran via mediators have continued with little sign of diplomatic breakthrough.

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