Month: July 2022

TOKYO (Reuters) -Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand. Brent crude futures for September settlement had fallen 67 cents, or 0.7%, to $102.53 a barrel by 0421 GMT, down for a fourth day. …

Continue reading “Oil extends losing streak on fears Fed hike will dampen fuel demand”

India has ramped up purchases of crude from Russia’s far east, a grade that’s typically favored by Chinese oil refiners. Four vessels hauling Russian ESPO oil are making their way to India, with two tankers heading for Paradip port on the east coast, where a refinery operated by Indian Oil …

Continue reading “China facing stiff competition for its favorite Russian oil from India”

Europe faced an energy crisis even before drama emerged about the Nord Stream 1 pipeline reopening from Russia to Germany. While natural gas started flowing again Thursday after the major pipeline shut down for 10 days of maintenance, Europe will still struggle to keep homes warm and industry humming this …

Continue reading “Can Europe live without Russian natural gas: What we know so far”

Shares of oil companies rallied on Wednesday after the government cut windfall taxes on fuel exports on the back of falling global prices. Petrol and diesel prices are down $40-50 per barrel from month-ago levels, brokerage Citi said on Tuesday, making a case for a review of the windfall tax …

Continue reading “Oil stocks surge as govt cuts windfall tax on fuel exports, RIL up 4%”

Asian buyers are ramping up palm oil purchases to replenish inventories after prices corrected to their lowest in a year and as the top producer, Indonesia has scrapped levies on exports. Buying by leading Asian importers such as India, China, and Pakistan could support Malaysian palm oil futures, which fell …

Continue reading “Asian palm buyers replenish inventories as prices correct to a one-year low”

Monday saw a bull run in the cryptocurrency market. The market cap touched $1 trillion after a month of muted performance. As of 3:30 PM, the crypto market cap was at $1.02 trillion, up 4.73 percent from the previous close, according to coinmarketcap. The largest cryptocurrency by market cap, Bitcoin …

Continue reading “Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month”

Shares of NMDC hit a 52-week low of Rs 101.50, slipping 4 percent on the BSE in Thursday’s intra-day trade. The stock has fallen 7 percent in the past three trading days on concerns of weak earnings due to a decline in iron-ore prices. In the past three months, the …

Continue reading “NMDC hits 52-week low on weak earnings concerns; declines 7% in three days”

Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up …

Continue reading “Realty firm Signature Global files Rs 1,000-cr IPO papers with Sebi”