India Sends Rare Diesel Cargo to China as Nayara Faces Sanctions
The EM Zenith sailed from the Nayara's Vadinar terminal with about 496,000 barrels of ultra-low sulfur diesel on July 18, according to Kpler, a port agent report and ship tracking data compiled by Bloomberg. The departure came just hours before the EU announced restrictions on the Rosneft-backed refinery as a part of a renewed crackdown on Russia's oil trade.
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Bloomberg
27 minutes ago
- Bloomberg
Japan Starts Anti-Dumping Probe Into Chinese, Korean Steel Goods
Japan will begin an anti-dumping probe into some Chinese and South Korean steel goods, the latest effort by the nation to protect local producers against a wave of imports of the alloy. The investigation, which is expected to be complete within a year, will probe flows of hot-dipped galvanized coil, sheet and strip, the trade and finance ministries said in a statement on Wednesday. The decision follows an application in April by four firms, including Nippon Steel Corp. and Kobe Steel Ltd.
Yahoo
43 minutes ago
- Yahoo
Prediction: Nvidia Stock Will Be Worth This Much by the End of 2025
Key Points Nvidia stock experienced an intense sell-off earlier this year, driven by uncertainty around tariffs and competition in China. Rising infrastructure spending by its largest customers suggests that demand remains strong across the artificial intelligence (AI) landscape. Despite a strong rebound over the last few months, valuation trends suggest that emerging AI opportunities may not be fully reflected in the share price yet. 10 stocks we like better than Nvidia › This year has been an emotional roller coaster for shareholders of Nvidia (NASDAQ: NVDA). Following the news of new tariffs, in combination with intensifying competition in China, the company's shares plummeted by as much as 30% earlier this year, wiping out nearly $1 trillion in market value. Such precipitous declines may have suggested that Nvidia's best days were in the rearview mirror, but the stock's more recent performance says otherwise. As of Aug. 7, it had rebounded by 93% from its 2025 lows and now has a market capitalization of $4.4 trillion, making it the most valuable company in the world. With such strong momentum fueling the stock to new highs, is it too late to invest in Nvidia? Read on to find out. Big tech is spending big bucks on Nvidia's chips Nvidia's largest source of revenue is its computing and networking business. This segment comprises the company's data center services and highly coveted graphics processing units (GPUs). A good way to gauge the health of its business is to look at spending on artificial intelligence (AI). The chart below illustrates capital expenditures over the last three years for cloud hyperscalers Amazon, Microsoft, and Alphabet, along with social media company Meta Platforms. These "Magnificent Seven" companies prove that accelerating AI infrastructure spending is a powerful tailwind for Nvidia's chip empire. Beyond the usual tech titan suspects, rising adoption of cloud infrastructure services from Oracle -- as well as neocloud platforms such as Nebius Group and CoreWeave -- offer another source for GPU demand, especially for Nvidia's latest Blackwell architecture. Neoclouds are gaining interest at the moment as they offer flexible software-hardware stacks in the form of high-performance computing (HPC) services and access to GPU clusters via cloud-based infrastructures. New opportunities are emerging Over the last few years, investors have repeatedly heard pundits chirp about the importance of data centers in powering generative AI development. This point is valid, but I think many investors are missing the broader picture when it comes to the evolution of AI infrastructure spending. A new phase of AI adoption involves sophisticated workloads across robotics, autonomous driving, and quantum computing. Companies such as Alphabet and Tesla are beginning to monetize their autonomous vehicles, while Microsoft, Alphabet, and Amazon are all developing their own custom quantum computing chips. Nvidia has just started to scale up its chips and CUDA software platform across these emerging opportunities. Given the company's existing deep integration with big tech, I'm optimistic that its product suite will still be crucial in future, more-advanced AI development. What will Nvidia stock be worth by the end of 2025? The chart below illustrates the company's forward price-to-earnings (P/E) multiple throughout the AI revolution. Given the trends cited above, the forward P/E range between 24 and 30 could be seen as a support zone or valuation floor for Nvidia. Each time its forward P/E dipped into this range, the stock has rebounded strongly. To me, this suggests that investors still see robust long-term growth for the company despite occasional fleeting periods of souring sentiment. I think these valuation trends subtly imply that the market could be underestimating the full breadth of Nvidia's ubiquitous platform. Despite the company's influence across AI infrastructure, many investors still view it purely through the lens of a semiconductor business. As these new opportunities are realized, I think the stock is well positioned for a prolonged breakout -- similar to the initial wave of AI-driven enthusiasm a couple of years ago. Although its forward P/E is fast-approaching prior highs, I think there is a solid case to be made that the company is positioned for further valuation expansion and could reach or exceed historical levels. My logic is that the monetization potential of future opportunities in robotics, autonomous vehicles, and quantum computing is still taking shape and not yet fully priced into the stock by investors. If Nvidia's current forward P/E expands to levels congruent with prior highs by the end of the year, the stock could blow past the $200 price point and reach closer to $220 -- implying an increase between 10% and 20% over current price levels. For this reason, I think Nvidia stock will be trading significantly higher by the end of the year than where it is today. Do the experts think Nvidia is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Nvidia make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,060% vs. just 182% for the S&P — that is beating the market by 877.59%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Adam Spatacco has positions in Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, Oracle, and Tesla. The Motley Fool recommends Nebius Group and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Prediction: Nvidia Stock Will Be Worth This Much by the End of 2025 was originally published by The Motley Fool
Yahoo
an hour ago
- Yahoo
Nigerian Oil Stands to Gain as India Shies Away From Russian Crude
A week ago, U.S. President Donald Trump came down hard on India, doubling its tariff rate from 25% to 50% for fueling Putin's war in Ukraine by continuing to buy massive quantities of Russian oil. We reported that India's imports of Russian commodities have skyrocketed since the war began, surging to $65.7 billion in 2024 from $8.25 billion in 2021, according to India's The Business Standard. In sharp contrast, imports by the European Union and the U.S. have declined by more than 80% as they look to choke Russia's war machine. And now India has rapidly moved to distance itself from Moscow, turning to Africa and other suppliers as it goes into a buying frenzy. In recent weeks, Indian refiners have purchased two million barrels of Nigerian crude for September and October delivery; one million barrels of Angola's Girassol, three million barrels of Abu Dhabi Murban, and a million barrels of U.S. Mars. Interestingly, India is returning to the spot market, with Punch reporting that state refiner Bharat Petroleum Corporation Limited (BPCL) has made spot purchases and also negotiated for September deliveries. Over the past couple of years, India has become the biggest buyer of discounted Russian crude, accounting for 40% of its total imports at its peak in 2024. This was enough to meet India's surging oil demand and keep it off the spot might be the beginning of a long-term relationship between India and Nigeria, thanks to the low sulfur content of Nigerian crude grades, making them ideal for India's refineries. However, India will now have to contend with Africa's largest refinery–the Dangote Refinery. According to Devakumar Edwin, vice president Dangote Industries, the giant refinery will buy 100% of its crude from the Nigerian market by the end of the current year, a reversal from its earlier trend of buying most of its crude from the United States, Brazil, Equatorial Guinea, Angola and Ghana. Owned by Nigeria's and Africa's richest man, Aliko Dangote, the 650,000-barrel-per-day refinery began operations in 2024 after repeated delays. Ranked as having a higher capacity than Europe's largest refineries, the $20-billion refinery now produces diesel, gasoline, aviation fuel and naphtha. Though yet to ramp up operations to full capacity, the Dangote refinery has been a major milestone for Nigeria and Africa's energy sector, transforming Africa's largest oil producer into a net exporter of petroleum products. However, the refinery was initially forced to rely on large volumes of imported crude, with local traders unable to meet its demand. Thankfully, improving coordination between the refinery, the Nigerian government and local oil traders has made the supply of domestic crude more consistent and reliable. Last month, Dangote refinery purchased 53% of its crude from Nigerian producers, with 47% coming from the United States. According to Edwin, the plant is currently processing ~550,000 barrels of crude per day, good for 84.6% of its maximum capacity. India is also looking to break China's dominance in rare earths supply, recently establishing cooperation agreements with mineral-rich countries in Latin America, Asi,a and Africa shortly after China further restricted the export of REE in 2024. "In the interest of developing bilateral cooperation with countries having rich mineral resources, the Ministry of Mines has entered into bilateral agreements with the governments of several countries, including Australia, Argentina, Zambia, Peru, Zimbabwe, Mozambique, Malawi, and Côte D'Ivoire, as well as international organizations such as the International Energy Agency (IEA)," India's Minister of State for Atomic Energy, Jitendra Singh, said in a written statement. Still, India has adopted a recalcitrant tone, vowing to continue buying Russia's crude, two sources previously told Reuters."These are long-term oil contracts. It is not so simple to just stop buying overnight,'' one of the sources said. A second source tried to justify India's imports of Russian crude, claiming it had helped to avert a surge in global oil prices. The source also pointed out that, unlike the situation in other heavily sanctioned countries like Iran and Venezuela, Russian crude is currently not subject to direct sanctions, and India was only buying from the embattled country because it offered cheaper oil thus shaving billions of dollars off its energy bill every year. Well, this might actually be India's official position: According to India's foreign ministry, India has maintained a "steady and time-tested partnership" with Russia. "On our energy sourcing requirements ... we look at what is available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," he said. By Alex Kimani for More Top Reads From this article on
