Bitumen Emulsion
Bitumen emulsion is a crucial element in road construction projects, as it helps in the binding of road elements., Furthermore, it also seals and protects the r...
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Daily Market Report
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Crude Supplies Stable Despite U.S. Inventory Surge, OPEC Reassures Market
Oil prices dropped in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday, amid fears that the Middle East could be on the brink of a region-wide war.
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Oil Prices Steady Amid Middle East Tensions and OPEC Supply Prospects
Brent crude futures for December delivery increased by 13 cents, or 0.18%, to $71.83 a barrel as of 0050 GMT. U.S. West Texas Intermediate crude futures for November delivery gained 11 cents, or 0.16%, to $68.28 a barrel. MCX Crude oil prices opened at 5742.
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Geopolitical Tensions Lift Crude Oil Price Amid Weak Demand
Crude oil futures in Asian trading hours on Tuesday were nudging higher but broader macroeconomics and energy fundamentals continued to pull in opposite directions. Front-month Nov24 ICE Brent futures were trading at $74.57/b (0355 GMT), compared to Monday's settle of $73.90/b.
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OIL and ONGC Recorded Lower Outputs affecting Oil & Gas Production in India
Lower outputs by Oil India Limited (OIL) and Oil and Natural Gas Corporation (ONGC) caused a 2.9% decrease in indigenous crude oil and condensate production in August 2024. Check the market report below for more updates on crude oil prices and industry trends.
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Crude Production Offline, Fed Decision Sparks Oil Market Optimism
Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and anticipated lower U.S. crude stockpiles. Brent crude futures for November rose by 16 cents, or 0.2%, to $72.91 a barrel at 0120 GMT. U.S. crude futures for October climbed by 34 cents, or 0.5%, to $70.43 a barrel.
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Storm Disrupts U.S. Oil Output, Chinese Demand Weakens
Brent crude futures rose 16 cents, or 0.22%, to $72.00 a barrel by 0004 GMT, while U.S. West Texas Intermediate crude futures increased by 12 cents, or 0.17%, to $68.83 a barrel. MCX crude oil prices opened at ₹5773, down by 0.05%.
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Oil Prices Dip Amid China Demand Worries and Libyan Supply Disruptions
Oil prices fell as concerns about decreasing demand due to a slowing Chinese economy outweighed the impact of the closure of oil production facilities in Libya.
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Geopolitical Tensions and Tech Stock Pullback Impact Market Sentiment; S&P 500 Hits Record High
Brent crude futures climbed 37 cents, or 0.5%, to $79.39 a barrel by 2300 GMT, while U.S. crude futures were at $75.19 a barrel, up 36 cents, or 0.5%. MCX crude oil prices opened at ₹6,346, gaining 0.84%.
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Oil Prices Slip as Middle East Tensions Ease Amid Ceasefire Prospects and Rising Global Output
Brent crude fell 12 cents, or 0.15%, to $77.54. U.S. West Texas Intermediate (WTI) crude futures for the front month, which expire on Tuesday, were down 14 cents, or 0.2%, at $74.23 per barrel. The more actively traded second-month contract decreased by 15 cents, or 0.2%, to $73.52. On the Multi Commodity Exchange (MCX), crude oil prices opened at ₹6,245, marking a fall of 2.95%.
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Daily Market Report
Crude Supplies Stable Despite U.S. Inventory Surge, OPEC Reassures Market
Oil prices dropped in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday, amid fears that the Middle East could be on the brink of a region-wide war.
Read Story
Oil Prices Steady Amid Middle East Tensions and OPEC Supply Prospects
Brent crude futures for December delivery increased by 13 cents, or 0.18%, to $71.83 a barrel as of 0050 GMT. U.S. West Texas Intermediate crude futures for November delivery gained 11 cents, or 0.16%, to $68.28 a barrel. MCX Crude oil prices opened at 5742.
Read Story
Geopolitical Tensions Lift Crude Oil Price Amid Weak Demand
Crude oil futures in Asian trading hours on Tuesday were nudging higher but broader macroeconomics and energy fundamentals continued to pull in opposite directions. Front-month Nov24 ICE Brent futures were trading at $74.57/b (0355 GMT), compared to Monday's settle of $73.90/b.
Read Story
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