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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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Economic & Finance Energy Oil & Gas

A petchem project worth Rs 34,900 crore has been suspended by Adani Group in the wake of Hindenburg

The Adani Group has taken action to suspend work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat. Sources reported that this move is to focus resources to consolidate operations and address investor concerns stemming from a damning report by a US-based short seller. Earlier this year, the group’s main company Adani Enterprises

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Economic & Finance Energy Energy & Environment Investing Oil & Gas

Mukesh Ambani says Jio will invest over 40,000 crores in Andhra Pradesh

Mukesh Ambani, chairman and managing director of Reliance Industries, spoke at the Global Investors Summit 2023 in Visakhapatnam on Friday about Reliance’s commitment to Andhra Pradesh’s incredible economic potential. He made announcement that his company Jio will invest 40,000 crores in Andhra Pradesh. According to him, Reliance’s oil and gas exploration team found gas in

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What Are the 3 Biggest Contributors to Climate Change?

Climate change is one of the most pressing issues facing our planet today. The scientific consensus is clear: human activity is primarily responsible for the warming of our planet and the resulting changes in weather patterns, sea levels, and ecosystems. But what are the biggest contributors that are contributing the most to this problem and is

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Adani Shares: Why To Invest Now? Here’s Everything Investors Need To Know

Investors have various reasons for investing in Adani shares. Some believe in the company’s future potential while others are interested in its current position. However, all investors should carefully consider their options before making any decisions. Adani is an Indian multinational conglomerate company headquartered in Ahmedabad, Gujarat, India. It was founded by Gautam Adani in

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Business Economic & Finance Entrepreneurs Oil & Gas Stocks & Funds

Discover Anil Agarwal’s journey from a Bihar boy who knew only “yes” and “no” to the founder of London’s stock exchange

Anil Agarwal announced that he would be investing Rs 1.54lakh crore to set up a semiconductor chipset manufacturing plant in Gujarat. He will be partnering with Taiwan’s Foxconn. With the new investment, Vedanta has invested a total of ₹25000 crore in Odisha. This investment is key to Vedanta’s future as they hope to empower and

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