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02/03/2026
Minoru Kihara: There are currently no plans to release strategic petroleum reserves.
Latest
4 m ago
Due to escalating Middle East conflicts affecting investor sentiment, the Indian stock market tumbled on Monday, following most Asian markets down. The Indian NIFTY index fell by 2.1% at one point, marking the largest drop in over a month and wiping out gains made since India reached a trade agreement with the United States in February. Indian engineering giant Larsen & Toubro Limited, Reliance Industries Limited, and airline company InterGlobe Aviation Ltd led the decline. Analysts at JM Financial Limited, including strategist Venkatesh Balasubramanian, stated in a report that the escalating Middle East situation is bringing increasing oil risks to the Indian market. Oil marketing companies, paints, airlines, and chemical stocks may face pressure as they could face profit margin pressure due to rising input costs. Given that much of India's energy demand relies on imported oil, rising oil prices could significantly widen its trade deficit and put pressure on the rupee and stock market. JM Financial strategists stated that for every $1 increase in crude oil prices, India's annual import bill would increase by about $2 billion, putting pressure on trade balance.
5 m ago
TCL, Cenviron and others jointly established an energy storage technology company in Inner Mongolia.
5 m ago
Goldman Sachs: Market panic spreading, credit remains the biggest threat.
6 m ago
Institution: The surge in oil prices this time may be more severe.
9 m ago
Fliggy officially announced that Fliggy has activated its emergency response mechanism in response to the impact of the situation in the Middle East on travelers. On March 1st, Fliggy upgraded measures to fully guarantee and assist stranded travelers affected by the impact of their flights, hotels, and travel orders. For flights departing or arriving in the Middle East on the platform in recent times, Fliggy is actively following up with airlines to coordinate refund and change policies to assist affected travelers in obtaining a full refund. As of now, Fliggy has received and implemented special refund and change policies from airlines including Air China, China Eastern Airlines, China Southern Airlines, Shenzhen Airlines, Xiamen Airlines, Sichuan Airlines, Hainan Airlines, Cathay Pacific, Emirates, Qatar Airways, Etihad Airways, American Airlines, United Airlines, Gulf Air, and Turkish AJet Airlines. (Fliggy)
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