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SECTOR | 19 Oct 2024

Oil prices show how numb traders are to US sanctions on Iran, Russia

Business Standard

The decline was largely driven by indications that Israel is going to avoid attacking Iran's oil infrastructure - one of the market's big concerns

Crude Oil

SECTOR | 18 Oct 2024

Crude oil steadies, but on track for biggest weekly loss in over a month

Business Standard

Brent crude futures gained 23 cents, or 0.3 per cent, to $74.68 a barrel by 0840 GMT, while US West Texas Intermediate crude was at $70.96 a barrel, up 29 cents, or 0.4 per cent

India's crude oil import bill surge 12% in H1 FY25 amid domestic slump

Business Standard | 18 Oct 2024 1 more

Crude Oil

SECTOR | 17 Oct 2024

Crude Oil: Here's your trading strategy for October 17; target price & more

Business Standard

Crude oil prices have been steadier on Thursday around $70.50/b in Asian hours, ahead of the weekly EIA inventory release from the US.

Crude oil futures rise amid declining US inventories

Business Line | 17 Oct 2024 2 more

Crude Oil

SECTOR | 16 Oct 2024

'India on track to become third-largest economy in the world by 2028'

Business Standard

India will over the next decade add more than 12,000 cars a day, expand built space equivalent to the built space in South Africa, and its air-conditioners will consume more electricity than entire power consumption in Mexico, the IEA said. It is likely to see a rise in demand for all forms of energy -- from oil and gas to coal, electricity and renewable energy -- through 2035, making it the growth engine for energy demand globally, the International Energy Agency (IEA) said in its World Energy Outlook 2024. India, the world's third largest oil consuming and importing nation, will see its demand for oil rise by almost 2 million barrels per day by 2035 and become the main source of oil demand growth in the world. According to IEA projections, the country is on track to become the third-largest economy in the world by 2028. It was the world's fifth largest economy and the fastest growing major economy in 2023, with output increasing by 7.8 per cent. India overtook China in 2023 to .

EV shift especially in China likely to disrupt global oil market, says IEA

Business Standard | 16 Oct 2024

Crude Oil

SECTOR | 16 Oct 2024

India to be third-largest electricity consumer in the world by 2050: IEA

Business Today

In India, the daily variability of electricity demand averaged 15% in 2023 and is set to almost triple by 2050 on account of cooling, appliance ownership and EVs

India's power demand to grow at over 4% y-o-y till 2050: IEA

Business Line | 16 Oct 2024 1 more

Crude Oil

SECTOR | 16 Oct 2024

Oil steadies after sharp falls as Middle East uncertainty persists

Economic Times

Oil prices rose in early Asian trade amid ongoing uncertainty over the Middle East conflict, despite recent declines due to demand concerns. Brent crude climbed 0.3% while U.S. crude dropped 0.4%. Analysts expect U.S. crude stockpiles to rise, and both OPEC and IEA have cut 2024 oil demand forecasts.

Crude Oil

SECTOR | 15 Oct 2024

Crude oil futures dip amid easing Middle East tensions

Business Line

Brent and WTI oil futures saw declines of over 3%, with MCX crude oil futures also experiencing significant drops.

Oil Extends Losses On Report Israel Won't Target Iranian Crude

NDTV Profit | 15 Oct 2024 1 more

Crude Oil

SECTOR | 14 Oct 2024

OPEC Cuts Global Oil Demand Growth Forecasts For Third Consecutive Month

NDTV Profit

OPEC's oil demand growth forecast was lowered for the third consecutive month, citing a global fuel consumption slowdown and delayed crude production recovery.

Crude Oil

SECTOR | 14 Oct 2024

Oil prices fall by more than a $1 on Chinese economic data

Economic Times

Oil prices dropped by a dollar in early Asian trading on Monday, following disappointing Chinese inflation data that heightened concerns about demand, with Brent crude futures at $77.92 and U.S. West Texas Intermediate at $74.49 per barrel amid uncertainty over potential economic stimulus measures.

Crude Oil

SECTOR | 13 Oct 2024

India helps bring down costs of utility-scale solar PV globally

Business Line

According to the International Energy Agency (IEA), the world's fourth largest market for renewable energy achieved a 23 per cent decline y-o-y