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OIL PRODUCTION INCREASE SEPTEMBER 2023
Value addition key for Tata Steel as prices fall and costs increaseTata Steel saw strong revenue growth in the June quarter, driven by higher realisations. However, global steel prices are softening, and co...- OPEC+ agrees September oil hike, completing rollback of voluntary cutsOPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cut...
- OPEC+ tipped to raise oil output as Middle East war disrupts suppliesOPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustme...
- A deep dive with Rs 84,084 crore scheme for offshore oil and gas explorationThe Cabinet approved an ₹84,084-crore scheme for offshore oil and gas exploration. This National Offshore Exploration Scheme, Samudra Manth...
- IOC slips into loss in Q1 on holding fuel prices despite rise in costIndian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency impr...
- Gold on track to end four-month slump as investors weigh Fed signalsGold prices are poised for their first monthly gain in five months. Investors are assessing the impact of the U.S.-Iran conflict on global ...
- Big bets, bigger risks: Why US oil majors are holding back in VenezuelaUS oil companies and Venezuela's government face stalled negotiations over key oil assets. Companies seek fiscal guarantees and access to a...
- E20: No pressure on auto companies to hide fact, says govt"India's automobile manufacturers are independent listed companies with legal and regulatory obligations to their customers," the oil minis...
- US inflation slows in June, but reversal likely amid Middle East conflictUS inflation slowed in June, but oil prices may cause a temporary easing. The Personal Consumption Expenditures Price Index rose 3.7 percen...
- Shell's Q2 profit more than doubles to $9.8 billion, beats estimatesShell reported a significant profit increase in the second quarter, reaching $9.84 billion. Higher energy prices and market volatility cont...
- US Federal Reserve expected to hold rates as Iran war clouds inflation outlookThe US Federal Reserve is expected to keep interest rates unchanged, with markets increasingly pricing in a September hike. Persistent infl...
- Top 5 IT services companies see 3.3% staff productivity boost in Q1, as TCS, Infosys, HCLTech and Tech Mahindra log gainsIndia's leading IT firms witnessed a substantial rise in employee productivity over the past year, despite a decline in overall staff numbe...
- Tea, TVs, cars and apparel to get costlier in August as West Asia conflict fuels fresh price hikesConsumer goods makers will raise prices in August for the third time this year. Volatile raw material prices and higher freight rates are d...
- US Stock Market: Wall Street divided on Fed as rising crude prices boost rate hike expectationsThe US Federal Reserve's policy meeting has become harder to predict as surging oil prices and renewed geopolitical tensions raise the risk...
- Global Market: ECB may need more rate hikes to curb inflation risks, says KazimirSlovak central bank governor Peter Kazimir warned that the European Central Bank may need to raise interest rates at least once more to con...
- 40-year-old woman, with flawless skin, reveals six foods she completely cut off from her diet for radiant, age-defying skin. One is a comfort food, 75% Indians are addicted toTaking to Instagram, an influencer named Sushmita Prasad revealed six common foods, she completely cut from her diet to make her skin look ...
- Why the coming winter is going to be a long, cold one for EuropeEurope will face the next winter with alarmingly low energy supplies and heating oil inventories. Global markets for liquefied natural gas ...
- Charting the global economy: Growth picks up, AI boom continuesUS unemployment claims reached a near 60-year low, signaling a stable labor market. The European Central Bank rejected an immediate rate hi...
- Mumbai man orders iPhone 14 but allegedly receives beard growth oil instead; Flipkart and third-party seller ordered to refund Rs 2.14 lakhA district consumer commission ordered Flipkart and a seller to refund over two lakh rupees. The Powai resident ordered an iPhone but recei...
- Iron ore, cement, power output propels June core growth to 5%India's core sector output grew five percent year-on-year in June. This growth accelerated from May's 3.2 percent, reaching a five-month hi...
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