Oil prices declined due to expectations that tensions between the US and Iran may ease, the strength of the US dollar, and abundant global oil supply. As both countries are set to resume nuclear talks, the market believes the risk of conflict or sanctions could reduce. At the same time, the strong dollar has made…
Oil prices rose on Wednesday as supply concerns persisted following a winter storm that disrupted U.S. crude oil production and exports. Geopolitical tensions in the Middle East also provided additional support to prices. The storm is estimated to have disrupted around 2 million barrels per day of U.S. oil production, while crude oil and LNG…
Oil prices fell on Tuesday as expectations grew that oil supplies from Kazakhstan would return to normal. After Kazakhstan announced that it is preparing to restart production at its largest oil field, investors became optimistic that more oil would be available in the market. As a result, Brent and U.S. crude oil prices declined slightly….
Premier Energies, a domestic company, claimed on Monday that it has secured several solar contracts with the Republic of Benin, West Africa, valued at USD 19.95 million (about Rs 177 crore). According to a statement from Premier Energies, these initiatives are a part of a nationwide initiative by the Government of Benin to increase access…
Monday’s trading is centred on oil and gas equities because the price of Brent crude oil is close to $60 per barrel, while the price of US WTI crude oil fell below $60 per barrel. It will have an impact on Indian businesses that refine crude oil and produce petroleum products. The US President’s reciprocal…
Suzlon received a third order of 204.75 MW on Tuesday from Jindal Green Wind 1, a division of Jindal Renewables. This partnership is Suzlon’s largest Commercial and industrial (C&I) order to date, with a total capacity of 907.20 MW. Previously, Suzlon added 702.45 MW of wind energy to power Jindal Steel’s operations in Chhattisgarh and…
The Indian Renewable Energy Development Agency (IREDA) intends to sell bonds with an 11-year maturity to raise Rs 1,500 crore ($172.95 million). According to Reuters, which cited three bankers, it has a greenshoe option of Rs 1,000 crore. The company has asked bankers and investors to submit bids for coupons and promises. There was no…
Compared to the Rs 50,000 crore it spent between 2021 and 2025, Tata Power plans to spend 2.5 times as much capital over the following five years. Praveer Sinha, the company’s MD and CEO, said, “we will incur a capital expenditure of Rs 1.25 lakh crore between 2026 and 2030.” The organization would incur an…
By fiscal year 2026-27, Waaree Energies hopes to have an integrated solar cell manufacturing facility with a capacity of 11.4 gigawatts (GW), according to Sonal Shrivastava, the company’s chief financial officer. With an approximate expenditure of Rs 2,400–2,500 crores, Waaree Energies will commission 5.4 GW of solar cell production capacity in the current fiscal year….
The oil and gas industry has demonstrated remarkable growth and endurance during the previous three years. Between October 2021 and October 2024, the NSE 200 gained 46%, while the Nifty Oil & Gas index returned 47%. Several government initiatives to increase production and strengthen the economy have benefited the upstream oil and gas industry. Oil-linked…
