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Russia poised to skirt new G7 oil price cap
Up to 80-90% of Russian oil will continue to flow outside the cap mechanism
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Stocks rally for fourth day in a row
The Indian rupee fell to record low versus the US dollar
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Oil up in tight market
Crude stocks down 1.7 million barrels, US expected to sell 15 million barrels from reserves
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Global crisis dampens LNG momentum
Number of deals to ship carbon-neutral LNG has dropped to less than 10 this year
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India’s ONGC eyes stake in Russian entity
Considers taking additional stake if it makes “commercial sense”
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Floods wreck third of cotton crop
Lack of supplies forces textile mills to close; devastation hits workers
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Big private lender’s profit up 20%
India’s loan growth was at a multi-quarter high of 16.4% year-on-year at September 23
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Taiwan touts $900 million in new business
Island’s position as producer has prompted worries in the US
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Energy shares a rare 2022 winner
Investors keep bullish views on energy stocks due to attractive valuations
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Global leaders call China barrier to faster debt relief
US official believes Beijing has big role to play in more effective debt restructuring