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Market Updates

India’s crude oil imports decline for second consecutive month

Lower requirement due to autumn refinery maintenance and low consumption during monsoons

September diesel sales in India down 3%, petrol up 5.4%

While diesel demand typically decreases during the monsoon due to lower agriculture sector usage, petrol sales saw a 5.4% increase.

Copper eases on firm dollar, rising inventories

Inventories of copper in LME-registered warehouses have surged 141 per cent in the past three months to 167,825 tons, the highest since May last year

Oil prices climb as risk appetite grows, focus returns to supply outlook

Brent December crude futures rose 25 cents, or 0.3 per cent, to $92.45 a barrel by 0415 GMT after falling 90 cents on Friday

Gloomy outlook for copper on ‘uncertain’ Chinese recovery

Prices seen averaging around $8,500/tonne as inventories surge

PM announces setting up of National Turmeric Board

Fulfilling long-pending demand, Modi said it will help boost value-addition, supply chain and infrastructure-related works

Domestic natural gas price fixed at $9.20/mBtu for October 2023

This new pricing formula, implemented after the Kirit Parikh committee’s recommendations, involves monthly revisions, replacing the bi-annual adjustments.

Crude Check: Stay above key levels

₹8,000 in sight for futures

As decarbonisation progresses in steel sector, Ministry task force calls for upskilling

The new openings include people who would track products from steel making to delivery; data analytics, specialised DRI kiln operators who can use -hydrogen or natural gas; non coal based fuel injectors in blast furnaces, operator of synthetic gas producer, robotics operator, among others