Oil prices rose in early Asian trading hours on Friday, holding on to their strong weekly gains as investors weighed Middle East conflicts and potential disruptions against the broader global market for crude oil. Brent crude futures were up 9 cents, or 0.12%, at $77.71 a barrel, U.S. West Texas Intermediate crude futures were up…
Cotton candy prices fell by 0.43% to 57,460 due to moderate demand and weak export activity, particularly in Bangladesh. However, the downside was limited due to hopes of demand recovery from China and concerns about crop damage from Hurricane Helene. The USDA revised India’s cotton production forecast for the 2024-25 season to 30.72 million bales,…
Guar gum prices rose 11.50% in September 2024, reaching ₹11,800 per quintal, driven by the US oil industry’s surge in fracking activities. The increase is primarily due to favorable global oil prices and increasing rig counts. The US oil production has also increased by 6.5% this year, boosting demand for guar gum in hydraulic fracturing….
On Thursday, Transformers and Rectifiers (India) declared that the Power Grid Corporation of India has placed an order valued at Rs 565 crore. According to the order, the business must produce and provide transformers and reactors with a 420 kV to 765 kV class voltage range and 80 MVAr to 500 MVA. It said in…
Not only did oil prices rise in early trade on Thursday, but oil prices continued to rise against the global market due to escalating conflicts in the Middle East. Brent crude futures were up 64 cents, or 0.87%, at $74.54 a barrel. U.S. West Texas Intermediate crude futures were up 72 cents, or 1.03%, at…
The government of Rajasthan and the state-run power giant NTPC have inked a Memorandum of Understanding (MoU) for the development of 25 GW of renewable energy projects in the state, according to NGEL, a wholly owned subsidiary of NTPC. The business stated in a regulatory filing that the Chief Minister of Rajasthan was present when…
With foreign portfolio investors (FPIs) purchasing shares valued at nearly $7 billion, September has emerged as the strongest month for foreign inflows in 2024. Based on data provided by NSDL, this represents the greatest net buying since December 2023. From $873 million in August to over $6.85 billion in September, the FPI’s net buying activity…
Oil prices were little changed on Tuesday. Because oil production is expected to suffer due to strong supply prospects and rising tensions in the Middle East. Brent crude futures for December delivery were up 7 cents, or 0.1%, at $71.77 a barrel. West Texas Intermediate crude futures for November delivery were up 8 cents, or…
Welspun Corp Limited revealed on Monday that it had received an order for coated LSAW pipes and bends for sour service from the Middle East. The company stated in a regulatory filing that these orders will be executed in FY25 and FY26. This means that since the company’s last declaration on July 24, 2024, the…
The mandi prices of soybean, a crucial variety of oilseed for Kharif, have increased by approximately Rs 500 per quintal since the government announced two weeks ago that the import levy on edible oil would be increased. As new supplies enter the market, soybean prices align with the minimum support price (MSP) for the upcoming…
