The US raised its 2027 oil production forecast to 13.83 million barrels/day due to price surges. The Energy Information Administration cited Middle East supply disruptions and more shale hedging.
Nuvama’s note stated that although the sector will continue to experience near-term volatility, it remains positive on its prospects for the medium-to-long-term.
Gold and silver may stay supported due to geopolitical tensions, rising inflation, and supply constraints, says Tata Asset Management. Central bank demand and industrial use bolster them.
As a result of the emerging risks, L&T’s core order inflow is likely to grow at a Compounded Annual Growth Rate (CAGR) of 11% over financial year 2025-2028 compared to the earlier projection of 15%.
The brokerage said a recovery in power demand, supported by expectations of an intense summer and weak rainfall, could boost Coal India’s volumes.
Prices have also been fluctuating on reports of the International Energy Agency (IEA) meeting to discuss releasing some emergency reserves in the market. The IEA has 30 member nations, mostly across America, Europe, and Northeast Asia.
Sensex Today | Stock Market LIVE Updates: All eyes will be on the IEA meeting outcome, and in case prices drop further if emergency reserves are released. The Nifty Bank will be the index to watch as it performed much…
For the next financial year, Oracle expects revenue to reach $90 billion, also ahead of analyst estimates of $86.7 billion.
The Wall Street Journal’s report regarding IEA’s proposal stated that the proposed release would surpass 182 million barrels of oil that the agency’s member countries put on to the market in 2022 in two releases when the Russia-Ukraine war began.
Elbers’ exit comes nearly three months after the airline faced a major operational crisis that disrupted hundreds of flights and stranded at least three lakh passengers.