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December 28, 2023 New Delhi, India Red Sea Tensions Impact Oil Prices In the ever-changing landscape of the global oil market, recent developments in the Red Sea have become a key focal point for investors. The aftermath of drone attacks on oil tankers in the region has injected volatility into oil prices, with both Brent…
December 19, 2023 New Delhi, India Indian Oil Stocks Rally Following Government’s Tax Cut and Global Crude Surge In a recent turn of events, Indian oil stocks witnessed a significant upswing as the government announced a reduction in the windfall profit tax on crude oil production and diesel exports. Here’s a closer look at the…
December 4, 2023 New Delhi, India Crude Oil Prices Dips 2% In a recent turn of events, oil prices witnessed a 2% decline amid growing skepticism among investors regarding the effectiveness of OPEC+ supply cuts. The market is grappling with uncertainties related to global economic trends and geopolitical factors. OPEC+ Supply Cuts Face Investor Doubt:…
November 7, 2023 New Delhi, India Market Tensions Lead to Slight Price Dips Oil prices experienced a slight decline as concerns over weak oil demand in China took precedence in the market. The world’s second-largest oil consumer, China, plays a pivotal role in influencing global oil prices, and investors are closely eyeing key economic data…
October 20. 2023 New Delhi, India Oil Price Rises Oil prices experienced a significant 2% surge as a combination of factors stirred the market. The key drivers behind this rally were a bigger-than-expected draw in US crude oil storage and escalating tensions in the Middle East. US Crude Stocks Decline In a surprising turn of…
Global stocks remained steady on Tuesday as investors carefully assessed the impact of rising oil prices on inflation and monitored central banks’ stance on monetary policy amidst concerns about a potential recession. Date: July 04, 2023 Place: New Delhi, India While MSCI’s broadest index of world stocks showed minimal movement, Europe’s Stoxx 600 share index…
HONG KONG: When major producers, led by Saudi Arabia, unexpectedly announced a drop of more than one million barrels per day, oil prices surged by about 6% in Asian trade on Monday morning.Although Brent increased by 5.67% to $84.42, the West Texas Intermediate contract increased by 5.74% to $80.01 per barrel.The OPEC+ cartel cut its…
September 26, 2024 New Delhi, India USDINR Price Rupee (INR) weakened during Thursday’s Asian session, losing momentum against the US Dollar (USD). Local sales of the USD by corporations and foreign inflows into Indian stocks and bonds initially supported the INR, along with a stronger Chinese Yuan. However, rising crude oil prices and a risk-averse…
May 31, 2024 New Delhi, India GSM Foils Makes Muted Debut, Lists at IPO Price on NSE SME GSM Foils, a company specializing in pharmaceutical packaging, made a subdued debut on the NSE SME today, listing at its IPO price of ₹32 per share. Despite the initial tepid opening, the share price managed to rise…
February 8, 2023 New Delhi, India WTI Price Holds Steady Amid Geopolitical Tensions West Texas Intermediate (WTI) oil price remains relatively stable as geopolitical tensions escalate, influenced by developments in the Israel-Hamas conflict and fluctuations in crude oil stockpiles. Israel Rejects Hamas Ceasefire Offer Israeli Prime Minister Benjamin Netanyahu’s dismissal of Hamas’ ceasefire offer has…
