Pipe manufacturer, Maharashtra Seamless has had a successful year due to increased interest from investors and the improvement of crude oil prices. The company has doubled the investors money in the last one year. Maharashtra Seamless sells pipes, tube and also creates renewable energy through solar and wind. They are located in Thane, Maharashtra. Crude
Amidst these chaotic times, Russia has increased pressure on many European economies by reducing the natural gas supplies further, raising fears of a fuel shortfall this winter. European officials describe these Russian fuel supply cuts as an attempt to retaliate against Western countries for backing Ukraine. On Friday, Russia decreased the natural gas deliveries to
A report published by Wood Mackenzie states that consumers can expect fuel prices to stay high until next year due to disruptions in Russian oil supplies and refineries struggling to satisfy demand after the pandemic. It also says that the pressure could ease in the second half of 2023, when many new major refineries, particularly
Rising fuel prices in India has led to considerable debate on which government, state or central, should be lowering their taxes to keep prices under control. The rise in petrol price is mainly due to the global price of crude going up. Governments have acted differently in various countries on fuel pricing. Further, a stronger
Forbes ranks Mukesh Ambani’s Reliance Group, at number 53 on the latest global 2000 list of companies worldwide. Forbes releases their annual list of the Top 2000 Companies in the world, which is ranked by sales. Reliance ranked top in Indian firms. Reliance has been listed on the 53th most prominent position on Forbes Global under
Heavy losses on Tuesday followed Monday’s oil dip. The dip in oil is a result of the myriad of global factors. The global factors affecting the oil dip are slow Chinese demand and the unwinding of trades ahead of the Federal Reserve’s rate hike on Wednesday. Additionally, talks between Russia and Ukraine have also weighed
Rising crude oil and energy prices due to the Ukraine-Russia standoff may slow global growth. While the West hits sanctions on Russia, crude oil prices are about to reach $100 a barrel. Rupee to reach 80 a dollar MD and Chief Strategist at JM Financial Institutional Securities Dhananjay Sinha shares with Moneycontrol that the Indian
On Wednesday, oil marketing companies raised ATF prices by 5.2%. The fourth hike in ATF prices hit a record high in less than two months. Furthermore, India currently has some of the world’s highest taxation rates on the ATF. Moreover, jet fuel prices raised to Rs 90,519.79 per kilolitre from Rs. 86,038.16 per kilolitre. Air
While the United States is yet to verify the pullback of Russian troops, Brent traded at $93.19 a barrel. Brent traded down 10%, sliding 3.3% overnight after the Russian-Ukraine tensions cooled down. Oil prices steadied on Wednesday On Tuesday, Moscow announced a partial pullback of troops from Ukraine’s borders. However, U.S. President Joe Biden says
Big oil CEOs warn consumers to brace themselves for years of high energy prices. In recent months oil and gas prices have skyrocketed as the pandemic restrictions have eased. As a result, the global economy is recovering, and investors have dropped investments in new energy supplies. Furthermore, while oil and gas industries gained profits in
