Oil prices fell in early trade on Thursday for the third straight day as a result of data showing an unexpectedly big gain in U.S. oil storage last week. This data, together with indications of weaker Chinese demand, raised concerns about an oversupply. The price of Brent crude futures for August delivery dropped by 40…
The National Electricity Plan (NEP) for 2022–2032, with a proposed investment of Rs. 33,60,594 crore, was announced by the Central Electricity Authority (CEA) on Wednesday. The plan aims to increase the share of non-fossil fuel capacity to about 70%. “The share of non-fossil based capacity is expected to increase from around 42.5% at present to…
As investors await the votes on the debt deal, gold yesterday closed up by 0.33% at 60198 as the yield on the US 10-year Treasury note dropped to just 3.7%, significantly below the 3.85% seen last week. After passing a significant procedural obstacle, the debt-limit agreement reached by US President Joe Biden and Speaker Kevin…
