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OPEC+ To Ratify Planned Oil Quota Hike As Gulf Flows Resume
Oil futures have tumbled 43% from their war-time peak to near $72 a barrel in London.
Dalal Street outlook: TCS, crude oil and more, what's driving stock market this week? - The Times of India
Dalal Street outlook: TCS, crude oil and more, what's driving stock market this week?The Times of India
Stock markets to track crude prices, global trends, TCS earnings this week
Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said. Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market trading, they added. "Investors will closely monitor the quarterly results of TCS on July 9, with particular focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty increased by 214.85 points, or 0.89 per cent. "Domestically, investor attention will centre on the commencement of the Q1 FY27 earnings season from July 9, with the initial batch of corporate earnings and management commentary expected to provide valuable insights int
Q1 earnings, crude oil, FII flows likely to drive Indian stock market next week - IBTimes India
Q1 earnings, crude oil, FII flows likely to drive Indian stock market next weekIBTimes India
Government raises ONGC chairman entry age to 59, offers up to five-year tenure
The government has broadened the eligibility for ONGC's next chairman, raising the maximum entry age to 59 and offering a three-year term extendable by two years. This move aims to widen the candidate pool for India's largest oil producer. The selection process will now involve a search-cum-selection committee, a departure from the usual PESB procedure. Applications are open until July 21.
India’s Next Bull Run: Rupee Stability, Falling Crude Oil And Rising SIPs Align - NiftyTrader
India’s Next Bull Run: Rupee Stability, Falling Crude Oil And Rising SIPs AlignNiftyTrader
India eyes oil exploration expansion after Middle East war shortages
In response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its reliance on oil imports, is set to unveil extensive uncharted regions for bidding. This initiative, named 'Samudra Manthan,' aims to enhance production levels in light of rising energy demands and global volatility, with significant funding earmarked for offshore drilling activities.
OPEC+ tipped to raise quotas again as Middle East calms
Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war. Analysts predict a gradual return to normal output levels, though restarting shut-in production will take time.
Tankers U-Turn In Hormuz, With Some Taking Iran Route Instead
The ships, including oil tankers, bulk carriers and vehicle carriers, were observed sailing toward the Strait of Hormuz.
Iraq approves preliminary agreements to study strategic oil export pipeline projects
Iraq's cabinet has greenlit preliminary deals for strategic oil export pipeline studies. A consortium featuring US firms Capital TI and Chevron, alongside Qatar's UCC, will explore routes like Basra-Haditha-Kirkuk-Ceyhan. These initial agreements carry no financial commitment for the Iraqi oil ministry. Additionally, Basra Oil Company is authorized to engage KBR for consultancy on a Basra-Haditha pipeline project.
E20 scientifically tested, safe for older vehicles: Industry experts
Industry experts have reassured the public about the safety and efficacy of E20 ethanol-blended petrol. They emphasized that the fuel has undergone rigorous scientific testing and meets high quality standards, making it safe even for older vehicles. This initiative, a result of years of evaluation and consultation, significantly reduces India's reliance on imported crude oil and contributes to lower carbon emissions, offering performance benefits without compromising vehicle longevity.
Indian Stock Market Outlook Next Week: Can Sensex, Nifty Hit Fresh Highs? Q1 Earnings, FII, Crude Oil in Focus - Goodreturns
Indian Stock Market Outlook Next Week: Can Sensex, Nifty Hit Fresh Highs? Q1 Earnings, FII, Crude Oil in FocusGoodreturns