SUPPLY NEGOTIATIONS

The Advantage Sweet, an oil tanker seized by Iran in April 2023 amid tensions with the U.S., is now heading toward international waters, according to tracking data. The vessel, carrying $50 million worth of oil for Chevron, was held by Iran without ...

The core elements of the plan include getting foreign companies to invest in chipmaking in the United States and finding other countries to set up factories to finish the work.

Oil prices declined as Hurricane Beryl impacted U.S. refinaries, lowering Brent futures to $85.75. Gaza ceasefire hopes eased supply concerns. Texas faced significant damage; Kazakhstan to compensate for OPEC+ excess. China’s imports fell, India’s f...

This round of supply-chain difficulties originates with the threat from Yemen’s Houthis, which is keeping container ships from using their normal route from Asia to Europe through the Suez Canal.

The head of Israel's Mossad has returned from Doha after an initial meeting with mediators trying to reach a Gaza ceasefire and hostage release deal, and negotiations will resume next week, Prime Minister Benjamin Netanyahu's office said on Friday.

Israeli Prime Minister Netanyahu informed U.S. President Biden about resuming talks with Hamas for a hostage release deal, led by Mossad. Mediated by Egypt and Qatar, the talks stalled but resumed after Hamas showed flexibility. Netanyahu insists on...

About 75% of India's transshipped cargo is handled at ports outside India, and the major trade routes connecting India to various destinations, including Colombo, Singapore, and Port Klang, are currently experiencing strain.

Amidst peak shipping season, stable long-term contracts at West Coast gateways draw focus during labor negotiations at East and Gulf Coast ports.

The intensifying upheaval in shipping is prompting carriers to lift rates while raising the specter of waterborne gridlock that could again threaten retailers with product shortages during the make-or-break holiday shopping season. The disruption co...

The Indian Railways has assigned the Integral Coach Factory (ICF) to manufacture two standard-gauge bullet trains this fiscal year, aiming to address delays in negotiations with Japanese suppliers over costs. These bullet trains, capable of speeds u...

Nitish Kumar has been pushing for subsidized electricity rates from NTPC and other central producers. A senior JDU leader mentioned that Bihar buys electricity at a high cost and also provides consumer subsidies. Kumar might request a "one nation, o...

India has resumed free trade negotiations with trading partners after withdrawing from the Regional Comprehensive Economic Partnership (RCEP) negotiations in 2019. The process has been restarted with the signing of India-Mauritius Comprehensive Econ...

The government in New Delhi is focusing on critical minerals in FTAs, data adequacy issues, and challenges in e-commerce. SOP for trade pacts, real-time negotiation challenges, and data sovereignty issues were discussed by the commerce ministry.

The commerce ministry recently conducted a 'Chintan Shivir' in Rajasthan's Neemrana to discuss issues related to Free Trade Agreements (FTAs). The event included deliberations on standard operating procedures (SoPs) for FTA negotiations, capacity bu...

India has urged state-run oil refiners and Reliance Industries Ltd. to negotiate a long-term supply deal with Russia to shield the economy from volatile prices. While the government wants collaboration, Reliance's reluctance to share sensitive infor...

The commerce ministry has developed a draft comprehensive strategy for future Free Trade Agreements (FTAs). The draft will reviewed by key departments, aiming to streamline negotiation processes with India's trading partners. The strategy, presented...

The commerce ministry discussed formulating SOPs for negotiating FTAs during a Chintan Shivir, engaging with trade partners like the UK, EU, Peru, Australia, and the Eurasian Economic Union. The discussions included India's trade strategy, vision 20...

Chinese President Xi Jinping welcomed Russian President Vladimir Putin in Beijing amid Russia's offensive in Ukraine. The leaders discussed strengthening their nations' partnership and signed agreements. Putin praised China's infrastructure initiati...

The Russian leader's two-day trip from Thursday comes as his country's forces have pressed an offensive in northeastern Ukraine's Kharkiv region that began last week in the most vital border incursion since the full-scale invasion began, forcing alm...