Crude oil prices edged lower on Wednesday after four straight sessions of gains, pressured by Venezuela restarting exports and a build-up in US crude and fuel inventories. However, concerns over potential Iranian supply disruptions amid deadly civil unrest continued to support prices. On the Multi Commodity Exchange, February crude oil contracts eased by ₹22, or…
Indian paint stocks, including Asian Paints, Berger Paints, and Shalimar Paints, traded lower in Wednesday’s session (January 14), reflecting weak broader market momentum as crude oil prices extended gains to a fourth consecutive session. Rising crude oil prices are a concern for India, which imports around 85% of its crude requirements. Sectors that rely on…
Oil refining giant, Reliance Industries, will likely spend more money buying Venezuelan crude oil from the United States, compared to what the company would spend buying from the Middle Eastern nations, according to Brahma Chellaney, an expert who works for the non-profit think tank, Center for Policy Research (CPR). In a social media post on…
Barring the Indian stock market, all global and Asian markets kicked off this week on a bullish note, even as geopolitical tensions flared up following US military attacks in Venezuela, which led to the capture of leader Nicolás Maduro and his wife. Key Asian markets, including the Nikkei 225, KOSPI, and Shanghai Composite, extended their…
