Market snapshot: Chennai Petroleum is adjusting its raw material procurement strategy by raising oil imports from Russia and West Africa to mitigate ongoing logistical issues in the Middle East. Concurrently, management has outlined a robust operational road map, projecting refinery capacity utilization to improve sequentially from 102.9% in FY27 to 108.6% by FY29.
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George Orwell12-Aug-2026 MSC pricing actions this month reveal the same underlying dynamic playing out on both ends of the intra-Europe supply chain with a short-sea fuel surcharge revision effective 10 August.
Moment, a pan-African fintech, today announced the close of its $22 million (around R364 million) Series A funding round, led by AlphaCode Venture Partners, with continued investment from General Catalyst, MultiChoice, and fresh investment from Canal+.
