Oil Prices Slide Amid Weak PMI Readings and Supply Concerns


Oil prices faced a slight decline in Asian trade on Thursday, influenced by a series of weak Purchasing Managers’ Index (PMI) readings that raised concerns about sluggish economic growth. The market also grappled with increased U.S. oil production and exports. Indicating that supply might not be as constrained as initially anticipated. The Energy Information Administration […]

Indian Government Delays Import Curbs on Laptops and Computers until October 31


The Union commerce ministry has decided to defer the implementation of recently announced import restrictions on laptops, personal computers (PC), tablets, and related items until October 31. In a notification issued on August 4. The Directorate General of Foreign Trade (DGFT) stated that import consignments can be cleared without a license for restricted imports until […]

Ukraine Strike Russian Navy Ship Near Novorossiysk Oil Port


Drone Attack Damages Russian Navy Vessel Amid Rising Tensions In a significant escalation of hostilities, Ukrainian security services and navy reportedly carried out a drone strike on a Russian Navy ship outside the oil export port of Novorossiysk on the Black Sea. Ukraine claims that the Russian Navy landing ship, Olenegorsky Gornyak, was damaged in […]



Hindalco Aluminium Decreases it’s Product Prices By INR 2,250/-MT on 04-Aug-2023 Hindalco Aluminium Ingot Prices Decreases By INR 2,250/-MT today which comes at INR 210750-MT. Hindalco Aluminium Alloy Wire Rod Prices Decreases By INR 2,250/-MT today which comes at INR 222750/-MT. Hindalco Aluminium Billet Prices Decreases By INR 2,250/-MT today which comes at INR 224850/-MT […]

Oil Prices Surge 2% as US Labor Market Improvements Boost Oil Demand


Oil prices surged 2% on Thursday as Saudi Arabia and Russia extended measures to maintain tight oil supplies until September. Brent futures rose by $1.86 to $85.06 a barrel, and U.S. West Texas Intermediate crude increased by $2.03 to $81.52. Saudi Arabia extended its voluntary one-million-barrel-per-day output cut, and Russia plans to reduce oil exports […]