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Crude Oil

SECTOR | 16 Nov 2024

Oil settles down 2% on weaker Chinese demand, uncertainty over Fed rate cut

Economic Times

Oil prices dropped over 2% on Friday, driven by concerns about weakening demand from China and the potential for slower interest rate cuts by the U.S. Federal Reserve. China's factory output slowed, and its demand for oil decreased, while U.S. economic data was stronger than anticipated, potentially influencing the Fed's decision on rate cuts.

Crude Oil

SECTOR | 14 Nov 2024

India Hopes For Oil Price Stability As US And Canada Boost Production, Says Minister Puri

NDTV Profit

This would also at some stage lead to producers who have cut back oil production, to produce more to earn more revenue, he said.

Crude Oil

SECTOR | 14 Nov 2024

Oil prices flat after decline on strong dollar, slow demand concerns

Business Standard

Brent crude futures were down 3 cents to $72.25 a barrel at 0937 GMT. US West Texas Intermediate crude futures were down 7 cents to $68.36

Crude Oil

SECTOR | 14 Nov 2024

Oil prices edge down, forecasts for higher oil output, weak demand growth weigh

Economic Times

Oil prices edged lower. Global production is expected to rise. Demand growth forecasts are weak. The US dollar strengthened. OPEC lowered its oil demand growth forecast. The EIA raised its global oil output forecast. Traders await further market data.

Crude Oil

SECTOR | 13 Nov 2024

Mines ministry, IEA sign pact for cooperation in critical mineral sector

Business Standard

The mines ministry on Wednesday entered into a pact with the International Energy Agency (IEA) for cooperation in the area of critical minerals. The Cabinet had earlier this month approved the proposal of signing the memorandum of understanding (MoU) between IEA and the mines ministry. The present association would provide India with access to reliable data, analysis, and policy recommendations in the critical mineral sector. The IEA is an international organisation within the framework of the Organisation for Economic Co-operation and Development (OECD). "This collaboration would enable India to streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices," the mines ministry said in a statement. The agreement would also promote capacity building and knowledge exchange between India and the IEA member states, it said, adding that the collaboration on data collection, modelling, and analysis

Crude Oil

SECTOR | 13 Nov 2024

Crude oil futures gain amid near-term supply tightness

Business Line

At 9.57 am on Wednesday, January Brent oil futures were at $72.04, up by 0.21%, and December crude oil futures on WTI (West Texas Intermediate) were at $68.25, up by 0.19%.