Oil News
Oil Heads for First Weekly Gain in a Month After Storm Francine
Oil headed for its first weekly advance in a month after Storm Francine disrupted crude production and risk-on sentiment bolstered across wider markets, helping ease a previously oversold crude market.
1 min read13 Sep 2024Oil Jumps as US Gulf Hurricane Spurs Short-Covering by Traders
Oil climbed the most in two weeks as Hurricane Francine ripped through key oil-producing zones in the US Gulf of Mexico, prompting traders to cover bearish bets.
2 min read12 Sep 2024OPEC+ has postponed a tough decision it can’t put off for long
The oil cartel is dithering on output calls even as prices have been coming under downward pressure. Opinions seem to differ within OPEC+ on the course ahead and unity appears to be weaker than Saudi Arabia would like. Tactically, the group is sending the worst possible message.
4 min read10 Sep 2024NCLAT halts insolvency proceedings against Essar’s oil & gas subsidiary
The Ahmedabad bench of NCLT had initiated insolvency proceedings against Essar Oil and Gas Exploration and Production on 6 September, after Greka Green Solutions (India) Ltd filed a petition claiming ₹24.38 crore in unpaid dues.
2 min read10 Sep 2024Why Ikea’s parent is betting big on shopping malls when quick commerce rules the day
India’s young, growing middle class population is a big draw for large global companies that are facing moderate growth in Western markets. Ingka, the parent of Ikea, is eyeing exactly this segment
3 min read9 Sep 2024Drop in oil price may act as a tailwind for IndiGo
Sustained lower crude price and better ticket prices will mean improved spreads.
3 min read9 Sep 2024Oil Rebounds After Brutal Week as Traders Take Stock of Outlook
Oil rose from its lowest close since 2021 after a deep weekly loss pushed futures close to levels regarded as oversold, with the focus this week on three reports that may clarify the demand outlook.
1 min read9 Sep 2024Singapore oil executives face gloomy reality at APPEC 2023 amid China’s economic slowdown
Top oil executives in Singapore face a grim outlook as China’s economic slowdown and changing energy dynamics affect profits. Processing margins have declined, and OPEC’s supply adjustments haven’t stabilized prices, leading to bearish sentiment among traders and analysts.
4 min read8 Sep 2024Oil falls more than 2% after US jobs data, set for weekly drop
GLOBAL-OIL/ (UPDATE 5, PIX):UPDATE 5-Oil falls more than 2% after US jobs data, set for weekly drop
1 min read6 Sep 2024The West still needs Russian gas that comes through Ukraine
Austria, Hungary and Slovakia are particularly dependent on it
3 min read6 Sep 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared