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Diesel prices hit record high as refinery outages trigger supply crunch
The price of diesel fuel hit a record Friday as the wars in Ukraine and Iran knock out refineries, triggering a global supply crunch. are paying an average of $5.85 a gallon nationwide, a nearly 60% increase over the same period last year when diesel cost $3.71 a gallon. In California, diesel costs $7.70 per gallon, almost $2 a gallon more than the national average.
15 stocks with high dividend yields
While the Indian stock market sees sharp upswings and downswings amid the seesaw political game in the Middle East, elevated crude prices, and global AI trade, investors keep cashing in dividends announced by companies. Domestic brokerage firm Axis Direct’ latest report highlighted top dividend yield stocks, which lists companies that have consistently rewarded shareholders with strong payouts.
U.S. intensifies Iran strikes, Hormuz tensions rise
Global oil markets face heightened risk as Iraq has suspended oil loadings through the Strait of Hormuz amid escalating U.S.-Iran military tension, and M&M Financial's strong Q1 results boost investor confidence.
Nomura bullish on OMCs, prefers IOC and BPCL
Nomura remains bullish on OMCs despite high crude prices; prefers IOC, BPCL Nomura maintains its bearish medium-to-long-term outlook on crude oil, citing the potential for the largest-ever global oil surplus in 2027E based on IEA forecasts.
India's OMCs report June quarter losses
2 Min Read India's state-run oil marketing companies (OMCs), Hindustan Petroleum Corporation Ltd., (HPCL), Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation Ltd. (IOC) reported net losses for the June quarter compared to a profit that they reported during the March quarter.
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