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Rice
Crude Oil
Oil Falls for a Sixth Straight Day, Sinks to the Lowest Level Since May on Fears of Slowing Growth
Crude came under pressure amid weakness in the commodities market and equities more generally.
Wind Turbine
Wind Turbine Costs to Rise by 10%
This is due to increased prices of steel, copper, aluminium, fibre, and logistics.
Natural Gas
Nord Stream 2 Says Fortuna Vessel Working on Final Stage of Project
Natural gas prices in Europe fell sharply following the report.
Oil Price
Oil Price Slides Towards July Low as US Output Rises for Second Week
The price of oil slips to a fresh weekly low despite a larger-than-expected decline in US inventories, with crude on the cusp of taking out the July low as US p…
Oil Price
Oil Prices Set For Longest Losing Streak Since March
After tentatively rising in Asian trade, oil prices reversed course and fell on Tuesday morning, poised for a fourth consecutive day of losses, which would be t…
Energy Technology
Carbon Capture Tech Becoming Cost-Effective As Emissions Price Soars
Skyrocketing carbon prices and a “code red” warning about the threat posed by climate change are giving fresh momentum to a technology that captures and remov…
Crude Oil
Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production
Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the glo…
Oil Price
Oil Slides 4% on China Virus Curbs and Climate Warning
A United Nations panel's dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suf…
Oil Price
Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers
Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…
Hydrogen Technology
NanoSun to Explore Cooling Technology to Reduce the Price of Hydrogen Refuelling Stations
NanoSun has launched a new research project to utilise its low-cost hydrogen cooling technology to reduce the cost of hydrogen refuelling infrastructure in the …
Crude Oil
Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge
Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks
Offshore Wind Power
Beatrice Offshore Transmission Assets (OFTO) Sold
The sale agreement follows the selection in December 2019 by Ofgem of Transmission Capital Partners as the preferred bidder for the offshore transmission licenc…
Oil Price
Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…
Oman
Incident with Multiple Tankers in Gulf of Oman Raises Concerns in Oil Market
The status of at least four tankers in the Gulf of Oman is uncertain and another was reportedly hijacked by gunman believed to be from Iran.
Crude Oil
Halt in Fuel Price Revision Continues, Global Oil Rates Above $75/bbl
In the national capital, petrol continued to be sold for Rs 101.84 per litre, while diesel was being sold at the unchanged rate of Rs 89.87 a litre on Sunday.
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