3h ago
Essar Energy Transition Fuels secures $500 million crude sourcing and product supply facility with IRH Global Trading
Essar Energy Transition Fuels, owner of the UK’s Stanlow refinery, has signed a $500 million crude sourcing and product supply facility with Abu Dhabi-based IRH Global Trading. The agreement is intended to strengthen feedstock security and improve working capital efficiency. The facility is designed to help the Stanlow refinery manage volatility in energy markets. The agreement does not involve equity changes in any publicly listed entity or direct financial disclosures, but it reinforces near- to mid-term physical demand for crude and provides marginal support for oil prices.
3h ago
4h ago
SpaceX stock options debut with over 600,000 contracts traded as shares jump 17% in third session
SpaceX stock options began trading in the U.S. and quickly became the third-most active options name, with more than 600,000 contracts changing hands. Bullish positioning clustered in near-dated $220 calls, while implied volatility in three-month options was marked around 110%–115%, according to Susquehanna International Group’s Chris Murphy. Market makers hedging call sales by buying shares can amplify moves, helping push the stock as high as $225.64 early in the session.
4h ago
10h ago
Silver futures fall Rs 2,129 to Rs 2.49 lakh per kg on Tuesday, ending three-day rise amid US-Iran pact uncertainty
Silver futures fell Rs 2,129 on Tuesday to Rs 2.49 lakh per kg, snapping a three-session advance. Traders turned cautious as the proposed US-Iran agreement lacked a published memorandum of understanding, limiting appetite for fresh bullish bets. Attention also shifted to the US Federal Reserve’s first rate decision under Kevin Warsh and the Bank of Japan’s surprise 100-basis-point hike, which strengthened expectations that higher rates could persist.
10h ago
10h ago
Seven Indian-origin leaders take key AI roles across OpenAI, Google DeepMind, Microsoft, Apple and Perplexity
The article profiles seven Indian-origin scientists and engineers holding key technical leadership roles at top AI organizations including OpenAI, Anthropic, Google DeepMind, Microsoft, Apple and Perplexity. Several are directly involved in large-model development, production engineering and infrastructure buildouts, at companies that are major customers for AI chips such as Nvidia’s H100. It also notes that Nvidia is an investor in Perplexity AI and highlights how GPU access underpins projects such as Sarvam AI.
10h ago
12h ago
Petronet LNG rises 1.40% as Qatar targets swift LNG output ramp-up after Strait of Hormuz reopening
QatarEnergy has told buyers it expects LNG output to recover to about 50% of capacity within one month of safe passage through the Strait of Hormuz being restored, and to roughly 80% within two months, according to Bloomberg. The remaining capacity—equivalent to two production trains damaged during Iranian missile strikes in March—could take years to fully recover. Ras Laffan, the world’s largest LNG export facility and nearly one-fifth of last year’s global LNG supply, has remained largely idle for more than three months. LNG prices in Europe and Asia are still above pre-conflict levels.
12h ago
1d ago
West Asia stability could ease costs for Indian industries reliant on Strait of Hormuz trade
A return to normal conditions in West Asia could ease pressure on Indian industries that depend heavily on trade routes connected to the Strait of Hormuz. The reliance extends beyond crude oil and fertilisers to petrochemicals, plastics, metals and other industrial raw materials, lowering freight costs and improving supply certainty if risks subside. In some categories, exposure is particularly high, including silver at more than 91%, copper wire at nearly 88%, aluminium at over 67%, methanol at more than 96% and ethylene glycol at more than 99%. The assessment is based on a Moneycontrol analysis.
1d ago