Business JOSEPH Nwakwue, former Chairman of the Society of Petroleum Engineers, SPE, says the expansion of import licences for oil marketers is necessary to boost competition and promote fair pricing in the downstream petroleum sector. Nwakwue said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. The energy expert...Read More

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U.S. container import volumes are coming under increasing pressure from trade policy shifts and higher fuel costs, even as tensions involving Iran have yet to significantly disrupt cargo flows through the country’s major ports. This is according to the latest Global Port Tracker report released by the National Retail Federation and Hackett Associates. The report...Read More

The 10-year agreements Kyiv has struck with three Gulf countries will see Ukrainian companies help to protect critical facilities, Volodymyr Zelensky said. Around 200 Ukrainian military experts were dispatched to the Middle East shortly after the launch of the US-Israeli war against Iran to help defend neighboring countries against Iranian retaliatory strikes, especially those using long-range...Read More

Data show the trade gap stood at $16.91 billion in FY26 July-February, compared with $13.71 billion in the same period of the previous fiscal year. 10 April, 2026, 12:35 am Last modified: 10 April, 2026, 02:04 am A view of Chattogram Port. Photo: Mohammad Minhaj Uddin/TBS “> A view of Chattogram Port. Photo: Mohammad Minhaj...Read More

India has raised export duties on diesel and aviation turbine fuel as global oil prices remain unstable, while petrol duty remains unchanged. India’s Ministry of Finance announced an increase in export duties for diesel and aviation turbine fuel (ATF) as part of a strategy to manage the volatile international oil market. The decision comes as...Read More

New Delhi, April 11 (IANS) The ongoing crisis in the Middle East has created opportunities for India in various ways, ranging from augmenting strategic petroleum reserve capacities at home to diversifying imports, a report highlighted on Saturday. Writing for non-profit initiative Politeia Research Foundation, ORF Deputy Director Vivek Mishra mentioned that Argentina and the...Read More

Farmers in the Prayagraj division have expanded beyond local mandis to tap into global markets, resulting in a notable increase in agricultural exports. The shift resulted in record outbound shipments during the financial year 2025–26, officials said on Saturday. Women workers busy packing Aonla products in Pratapgarh. (HT PHOTO) Assistant agriculture marketing officer Dinesh Chandra said...Read More

The American Iron and Steel Institute (AISI) announced steel import permit applications for March based on Steel Import Monitoring and Analysis (SIMA) data published by the U.S. Department of Commerce. According to the data, total U.S. steel import permit applications reached 1.773 million net tons (NT) in March. This figure was up 6.6% compared to...Read More

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 19/2026-Customs dated 10 April 2026 to facilitate handling of export cargo from SEZs affected by maritime disruptions. The circular allows cancellation of shipping bills, re-routing or return of cargo, and storage at bonded warehouses without re-transfer to SEZs. It emphasizes electronic processing...Read More