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Lower oil prices and jobless claims: Wall Street closes higher ahead of Thanksgiving

The US stocks close higher on Wednesday as Wall Street braces itself for the Thanksgiving holiday break as fresh economic reports get released. Weekly jobless claims saw the fall of ~24,000 in comparison to ~209,000. Apart from this, the reading of University of Michigan consumer sentiment survey exhibited that year-ahead expectations for inflation increased to

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Oil & Gas

ONGC $5-Billion Deep sea-Water Project Set to Fuel Oil Production This Month

It is expected that ONGC Oil and Natural Gas Corp. will begin producing oil from its much-delayed deep-sea water project in the Krishna Godavari basin in the Bay of Bengal this month, reversing years of decline in output. ONGC Director (Production) Pankaj Kumar said this month that Cluster-2 will start producing in KG-DWN-98/2 block this

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Advisor Network Economic & Finance Market Overview Oil & Gas Stock to Buy Stocks & Funds

Top Crude Oil Companies to Purchase as tensions increase

In bear market of 2022, oil stocks took the limelight with their success stories. Even though higher inflation adversely impacted consumer spending and business sentiment, it positively impacted prices of crude oil. Therefore, investors were able to book some gains from top crude oil companies. Apart from this, Russia’s invasion of Ukraine stemmed the performance

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Commodities & Currency Oil & Gas

Gold Prices Surge to an 11-Week High Amid Middle East Tensions

Safe-haven buying fueled gold prices to an 11-week high on Wednesday, as the front-month Comex futures price approached $2,000 an ounce. At 7 am Sydney time, the front-month contract surged by over $26 or over 1.3%, to just over $1,963. Despite higher bond yields and a strengthening greenback, Comex gold prices have climbed 4% over

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Advisor Network Automobile Energy Market Overview Oil & Gas Stock to Buy Stocks & Funds

Top 3 Ethanol Stocks with Healthy and Stable Growth Prospects 

Experts believe that Indian ethanol market should grow from US$2.50 billion in 2018 to US$7.38 billion by 2024. This means that this industry should be able to compound at ~14.50% between 2019-2024 as a result of higher ethanol use in applications including fuel additives and beverages. Ethanol is prominent alcoholic beverage, which is principally found

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Advisor Network Economic & Finance Market Overview Oil & Gas Stock to Buy Stocks & Funds World Affairs

Crude oil prices: What factors have been weighing over them? 

On Tuesday 25th July 2023, crude oil prices were able to stabilize near three-month highs. Much of this stabilization was because traders were waiting for the US Federal Reserve meeting after there have been signs regarding the tighter supplies and assurance by Chinese authorities to shore up their economy. Crude benchmarks have seen 4 consecutive

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Energy Oil & Gas

Causes of A Burst Water Line(Pipe) and What To Do About It

As you grow older, you learn that several responsibilities come with being an adult. Of course, you have the typical things like paying bills, buying groceries, and generally making ends meet. When you think of adulthood, that’s usually what comes to mind right away. However, aside from all those things, there are also some aspects

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Energy Energy & Environment Oil & Gas

ONGC plans to invest 1 lakh crore in energy transition by 2038

Arun Kumar Singh, chairman of India’s top oil and gas producer ONGC, said on Monday that the company plans to invest 1 lakh crore in energy transition projects by 2030 as part of its goal of reducing carbon emissions to zero by 2038. As part of the nation’s commitment to fight climate change, Indian Oil

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Economic & Finance Energy Oil & Gas

ONGC Pulls Out of Daman Gas Field Project Due to Rising Costs

Oil and Natural Gas Corporation (ONGC) has canceled bids received for its Daman upside gas development project off the western coast after receiving high price quotes, sources said. The project is crucial to ONGC’s strategy of ramping up gas production from its shallow-water fields off India’s west coast. With the completion of the project, 4.5

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Economic & Finance Energy Energy & Environment Oil & Gas World Affairs

China-Pakistan Partnership: Is Paying for Oil in Yuan a Solution to Pakistan’s Troubled Economy?

Despite not involving China, the Chinese yuan is gaining traction in cross-border payments. Pakistan has become the latest country to indicate that it will use the Chinese currency Yuan paying for Russian oil across borders. Pakistan is considering a new payment method for its first Russian crude oil order for 750,000 barrels that will arrive

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