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The article "Great Eastern plans to enter container shipping sector" discusses India's largest private ocean carrier, the Great Eastern Shipping Company, considering entering the container shipping sector as a diversification strategy. This move may be aimed at mitigating the risks associated with the oil trade as the world shifts towards green energy. The article also mentions that nearly 50% of public infrastructure in India is unprepared for disaster management, according to a survey by CBRE. This highlights the need for greater attention to disaster planning and management in the country. [Extracted from the article]

The article discusses the absence of Senate Democrats in supporting fracking, despite their support for liquefied natural gas (LNG) exports. The author, Sen. Markwayne Mullin, argues that fracking is crucial for providing affordable energy and meeting the demands of allies. He highlights the Protecting American Energy Production Act, which was blocked in the Senate, and criticizes the reliance on foreign oil and the high electricity costs faced by residents in Massachusetts. Sen. Mullin questions why the moratorium on fracking continues when there is a growing global demand for fossil fuels. [Extracted from the article]

The article discusses why oil prices remain low despite global conflicts and unrest. Topics discussed include the delay by major oil producers in increasing supply, the current supply-demand dynamics with growing production from non-Organization of the Petroleum Exporting Countries (OPEC) countries, and the impact of slowing demand from China and a shift towards electric vehicles.

Cipla, a drug company, plans to start supplying the US market from its China facility in the second half of the current fiscal year after receiving approval from the US health regulator. The company's CEO stated that they are working with the USFDA to resolve issues with their domestic plants. In other news, the Indian government has established the "Pradhan Mantri JI-VAN Yojana" to provide financial support for the establishment of Second Generation bioethanol projects in the country. IOCL has already set up a 2G bioethanol plant in Panipat and is constructing commercial bioethanol plants in Bathinda, Bargarh, and Numaligarh. [Extracted from the article]

According to a study, India has the potential to export 15 million tonnes of coal to neighboring countries like Nepal and Bangladesh. This is part of India's efforts to achieve self-reliance, strengthen energy security, and support the growth of the coal sector. The country has the capacity to export 8 million tonnes to Bangladesh, 3 million tonnes to Myanmar, 2 million tonnes to Nepal, and 2 million tonnes to other countries. In other news, India has reduced the windfall tax on domestically produced petroleum crude, and the power and energy sector in India has seen a 9% growth in hiring as the country works towards achieving net-zero emissions by 2070. [Extracted from the article]

The Malaysian government anticipates a decrease in crude oil and natural gas production in 2025 due to planned maintenance shutdowns and reduced demand from export markets. Natural gas production is expected to decline in Sarawak, while the overall gas production will remain below 2024 levels despite new plant operations. The government also projects a contraction in the crude oil sector and warns of potential impacts on revenue and tax collection related to petroleum. Malaysia's national energy company, Petronas, will maintain its dividend payout in 2025. [Extracted from the article]

Azerbaijan's oil production decreased by 4.8% in the first nine months of 2024, reaching 21.6 million metric tonnes compared to 22.7 million metric tonnes the previous year. The decline in production was not explained by Energy Minister Parviz Shabazov. This decrease in oil production has been ongoing for several years due to declining output at the Azeri-Chirag-Gunashli offshore oilfields. Azerbaijan is a member of OPEC+ and has reduced oil production to stabilize energy markets. However, Azerbaijan's oil production is still below the production quotas set by the OPEC+ agreement. On the other hand, gas exports from Azerbaijan to Europe have increased, with exports to Europe rising to 9.4 billion cubic meters from 8.6 billion cubic meters the previous year. The European Union and Ukraine are looking to Azerbaijan as a potential source of gas to replace Russian volumes that have been reduced due to the conflict in Ukraine. [Extracted from the article]

Shell has reported a significant decline in its refining profits in the third quarter due to a decrease in global demand. The company's oil product trading earnings were also down during this period. The decline in refining margins was attributed to a slowdown in economic activity, particularly in China, as well as the addition of new refineries. Despite these challenges, Shell has raised its LNG production guidance range for the third quarter. Exxon Mobil has also warned of the impact of falling oil prices on its third-quarter earnings. [Extracted from the article]

Malaysian palm futures rebounded and closed higher for the second consecutive session due to higher crude oil prices. The benchmark palm-oil contract for December delivery gained 1.05%, ending the day at 4,345 Ringgit per metric ton. The firmer crude oil price and the expectation of the return of trading at the Dalian Commodity Exchange lifted Malaysian palm oil futures. Palm oil monitors the price movement of rival edible oils as they compete for a share of the global vegetable oil market. The price of oil was driven higher by fears of a larger Middle East conflict and potential disruptions in exports from the region. [Extracted from the article]

Infinity Natural Resources, an oil and natural gas developer, is planning to launch its initial public offering (IPO) in the United States. The company's revenue nearly doubled during the first half of the year, and it will seek to list at the NYSE with the backing of investment firms Pearl Energy Investments and NGP Capital. Infinity's strong financial position is supported by the recent rise in oil prices, although its net income fell due to unrealized derivatives losses. The start of an anticipated interest rate cut cycle by the U.S. Federal Reserve has increased activity in the IPO markets. [Extracted from the article]

According to a monthly economic report from the finance ministry, food inflation is expected to decrease in the short term, leading to stronger rural incomes and demand. The report also highlights low oil prices as a positive factor for the economy amidst global uncertainties. However, the ministry acknowledges the challenge of navigating the continuing uncertainty in global economic prospects, including potential policy rate cuts and geopolitical conflicts. Additionally, the Lulu Group plans to establish food processing and logistics centers in Andhra Pradesh. [Extracted from the article]

According to a report by ICRA, oil marketing companies (OMCs) in India have the potential to reduce petrol and diesel prices by Rs 2-3 per litre if international crude prices remain stable. The recent decline in crude oil prices has improved margins on retail auto fuels, allowing state-owned companies to consider price cuts. The average price of India's crude oil imports fell to $74 per barrel in September, down from $83-84 per barrel in March, when petrol and diesel prices were last reduced by Rs 2 per litre. ICRA estimates that OMCs' net realization was higher by Rs 15 per litre for petrol and Rs 12 per litre for diesel in September 2024. [Extracted from the article]

OPEC has refuted a Wall Street Journal article that claimed Saudi Arabia's Energy Minister warned of a potential drop in oil prices to $50 if OPEC+ member countries did not adhere to production limits. OPEC stated that the article was inaccurate and misleading, emphasizing that there was no conference call or videoconference since the OPEC+ meeting on September 5. The article falsely reported that the Saudi Arabian Minister of Energy made the warning during a conference. Other producers interpreted the statements as a threat, suggesting that Saudi Arabia was willing to engage in a price battle to maintain its market share if other countries did not comply with group agreements. [Extracted from the article]

The top OPEC+ Ministers recently met to discuss oil production policies and compliance with output cuts. They decided to keep the production policy unchanged and emphasized the need for full conformity and compensation for excessive output. The group plans to gradually increase production starting in December, but some members, such as Iraq and Kazakhstan, need to make additional cuts to compensate for overproduction. Compliance with international standards was a major topic of discussion, and failure to comply could lead to increased output from countries like Saudi Arabia. The next meeting will be held on December 1st. [Extracted from the article]

India's oil minister, Hardeep Singh Puri, stated that India plans to continue purchasing cheap Russian oil as long as it is allowed under Western sanctions. Puri emphasized that India is willing to buy oil and gas at the lowest prices from any supplier that is not under sanctions. In a separate development, Sunsure Energy has signed an agreement to supply 2 crore units of clean power annually to Kirloskar Brothers. [Extracted from the article]

French oil company TotalEnergies has signed an agreement with South Korean company HD Hyundai Chemical to supply liquefied gas from 2027-2033. This is TotalEnergies' sixth LNG contract this year, and they will deliver 4.65 million tonnes of LNG to China, Turkey, and Singapore by the mid-2030s. The gas supplied to Hyundai Chemical will be partially indexed to Brent crude oil prices and partially to the Henry Hub, a US natural gas benchmark. TotalEnergies aims to secure long-term gas sales in Asia while reducing exposure to spot gas prices and hopes to increase its gas sales by 3% per year to reach 50% of its total sales before 2030. [Extracted from the article]

The price of palm oil in Malaysia increased for the third consecutive session, driven by the strength of rival Dalian contracts. However, concerns about demand and lower crude oil prices limited the rise. The benchmark palm oil contract for December delivery closed 1.86% higher at 3,948 Ringgit per metric ton. Malaysian palm futures have been trading at a premium compared to other oils, but analysts believe that the current high price is unsustainable and a larger discount is needed to sustain demand. Indonesian palm oil exports are expected to decline this year due to increased domestic consumption and a slight decrease in production. [Extracted from the article]

OPEC+ is reportedly close to reaching an agreement to delay a planned increase in oil production for October, as crude prices have fallen to their lowest level in nine months. The decline in oil prices is attributed to concerns about a weakening global economy and soft data from China, the world's largest oil importer. The increase in production was originally planned for 180,000 barrels per day, part of the 5.86 million barrels per day that OPEC+ has held back. The group is concerned about the fragile oil market sentiment and the uncertain demand outlook, and some analysts suggest delaying the increase until December. [Extracted from the article]

OPEC+ is reportedly discussing a potential delay in increasing oil output next month due to falling oil prices and concerns about a weakening global economy. The group had initially planned to increase production by 180,000 barrels per day in October, but market volatility and a weak demand outlook have raised concerns. The Saudi government and the Organization of the Petroleum Exporting Countries have not yet responded to requests for comments. Despite the news of a possible delay, Brent crude prices rose 1% to $74.47 per barrel on Wednesday. The recent volatility in prices is attributed to the production loss in Libya and weak Chinese demand. [Extracted from the article]

According to preliminary figures released by Russia's federal statistics service, Russian GDP grew by 4% year-on-year in the second quarter, but growth has slowed in recent months. Manufacturing and construction have declined, and consumer-driven service branches experienced a slowdown in June. Inflation has accelerated, with consumer prices rising at the highest pace since spring 2022. Higher government spending could potentially reinvigorate growth in the coming months. Federal budget spending and revenues have increased, partly offsetting the budget deficit. The value of Russian goods exports has remained stable, boosted by higher commodity prices, while imports have declined. Russia's current account surplus has increased due to the drop in imports. There has been a net outflow of capital from Russia, but dividend payments owed to foreign investors have shifted the net capital flow slightly positive. [Extracted from the article]

Oil prices have fallen due to fears of a slowdown in the US and China, the two largest oil consumers. This decline has resulted in lower prices at the pump for American consumers, with average regular gas prices dropping almost 5 cents to $3.46 a gallon over the past month. The decline in oil prices is also attributed to factors such as a decrease in crude imports by sea in China and the shift towards vehicles that do not require petroleum. However, there is still expected to be global growth in daily oil demand, although production may rise even more. [Extracted from the article]

The article discusses OPEC's plan to gradually unwind some oil output cuts while aiming to stabilize prices and address discontent among producers, though it's uncertain if the deal will alleviate market concerns.

The article provides information on various topics related to energy and finance. It mentions the incorporation of a subsidiary called "IREDA Global Green Energy Finance IFSC Limited" in GIFT City, Gujarat, which aims to pioneer innovative approaches to green financing. The article also highlights the financial performance of state-owned oil marketing companies (OMCs) in the fiscal year 2023-24, with a combined profit of Rs 86,000 crore, which is over 25 times higher than the previous year. Additionally, it mentions Grew Energy's plans to set up a 3.2 GW module manufacturing facility in Jammu & Kashmir with an investment of Rs 4,500 crore. [Extracted from the article]

ICRA, a credit rating agency, has projected moderate growth for the Indian tyre industry in FY2025. The domestic tyre volume expansion is expected to be 4-6%, down from the estimated 6-8% in FY2024. Rising input costs, particularly high natural rubber and crude oil prices, are likely to cause operating margins to contract by 200-300 basis points. The primary drivers of domestic growth are healthy demand from original equipment manufacturers (OEMs) in the passenger vehicle and two-wheeler segments, as well as replacement demand. However, growth in the commercial vehicle segment is expected to be subdued. In other news, Indian startups are exploring sustainable ideas to power electric vehicle (EV) batteries using biodegradable waste. Twin sisters, Nikita Baliarsingh and Nishita Baliarsingh, have developed cheaper batteries using materials that are abundantly available in India and renewable. EV sales in India have been growing, creating opportunities for innovative solutions in the market. [Extracted from the article]

According to an article titled "India to witness multi-year bull run: ITI MF," ITI Mutual Fund predicts that the Indian markets will experience a multi-year bull cycle due to positive macro and micro factors. The fund house is optimistic about sectors such as general insurance, life insurance, telecom, pharma, power, power finance companies, and defense. However, it is bearish on consumer staples. Additionally, the article mentions that mutual funds have been investing in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) due to their regular income, long-term cash flow visibility, and better risk-adjusted returns. [Extracted from the article]

The given document provides a snapshot of the FMCG industry, highlighting various trends and developments. It mentions that Indri Single Malt Whisky has achieved significant sales, surpassing 1 lakh cases in its second year. The document also discusses the upward swing in oil prices due to international market trends and the impact on the domestic market. Additionally, it mentions the rise in tur dal prices despite an open import policy, with potential reasons including supply shortages and hoarding. Lastly, the document mentions a workshop organized by FSSAI to strengthen India's Codex competence. [Extracted from the article]

According to the Petroleum Planning & Analysis Cell (PPAC), India's crude oil output increased by 7.9% to 2.3 million metric tonnes (MMT) in February 2024 compared to the previous year. The Oil and Natural Gas Corporation (ONGC) produced 1.4 MMT, while Oil India Limited (OIL) and private sector producers contributed 0.3 MMT and 0.6 MMT, respectively. In addition, Prime Minister Narendra Modi laid the foundation stone for a petrochemicals complex of Petronet LNG in Dahej, Gujarat, and inaugurated 50 Pradhan Mantri Bhartiya Janaushadhi Kendras in Ahmedabad. [Extracted from the article]

The article reports on the oil price cuts in the U.S. and the threat to efforts to reduce greenhouse gas emissions and combat climate change. It cautions about the risks posed by increased oil production including increased demand for fossil fuels, strain on agreements to accelerate the fight against climate and effects of global warming. It informs the pledge made by U.S. President Joe Biden to stop drilling of federal lands and waters offshore and to accelerate renewable energy transition.

India's exports decreased by 1.2% in July, causing the country to enter a negative zone, while the trade deficit expanded to $23.5 billion. The decline in exports was attributed to a rise in imports of crude oil, silver, and electronic goods. Crude oil imports increased by 17.44% to $13.87 billion, and silver imports surged by 439% to $165.74 million. [Extracted from the article]

According to a report by Goldman Sachs, if China's oil demand remains stagnant until next year, Brent crude is expected to decrease to $68 per barrel by the end of 2025. The report suggests that "soft China oil demand" and the possibility of a slowdown in China's GDP growth contribute to the downside risks for the Brent price range. Recent data shows a decline in China's economy, with a decrease in new home prices, slower industrial output, and increased unemployment. Chinese refineries have responded to weakening fuel demand by reducing crude processing rates. Goldman Sachs attributes the slowdown in China's demand growth to the shift from oil to electric vehicles and liquefied natural gas. The Organization of the Petroleum Exporting Countries (OPEC) also lowered its oil consumption growth forecasts for this year and 2025, citing a softening in China. [Extracted from the article]

According to industry sources, India's monthly oil imports from Russia decreased slightly in June, while imports from the United States reached their highest level since February 2022. Indian refiners had placed orders in May for most of the oil barrels that arrived in June. In the first fiscal quarter ended June 30, India's imports of Russian oil increased by 1.2% compared to the previous year. In other news, pharmaceutical company Cipla plans to begin supplying the US market from its China facility in the second half of the current fiscal year, pending approval from the American health regulator. [Extracted from the article]

Malaysian palm oil futures remained steady on Wednesday, after reaching a seven-month low. The market is considering factors such as tighter stocks and higher crude oil prices, as well as weaker export data and competition from Dalian contracts. The Malaysian Palm Oil Board reported a drop in inventories to a four-month low in July, and analysts expect slower demand in the upcoming harvest season. Palm oil is seen as a better option for biodiesel due to the strength of crude oil futures. [Extracted from the article]

Malaysian palm oil exports have declined due to weak exports and a drop in stockpiles. The benchmark palm oil contract on the Bursa Derivatives Exchange fell by 0.13% to 3,703 Ringgit ($833.07 a metric tonne). The Malaysian Palm Oil Board reported a decrease in palm oil stocks in July, the first drop in four months, as exports outpaced production. The shrinking price difference between palm oil and soyoil has increased demand for palm oil. However, palm oil exports from Malaysia between August 1-10 were down 12.2% to 17.7% compared to the previous month. The decline in crude oil prices and the depreciation of the Malaysian Ringgit have also affected the palm oil industry. [Extracted from the article]

India has the capacity to export 8 million tonnes of coal to Bangladesh, 3 million tonnes to Myanmar, 2 million tonnes to Nepal, and 2 million tonnes to other countries. The windfall tax on domestically produced petroleum crude in India has been reduced from Rs 7,000 per tonne to Rs 4,600 per tonne due to a decrease in crude prices. The export duty on petrol, diesel, and aviation turbine fuel will remain at zero. The power and energy sector in India has seen a 9.01% increase in hiring in the first half of this financial year as the country aims to achieve net-zero emissions by 2070. [Extracted from the article]

Gandhar Oil Refinery's foreign subsidiary, Texol Lubritech FZC, has received an order from Abu Dhabi National Oil Company (ADNOC) for distribution in the UAE. The contract involves manufacturing, packaging, labeling, and making the products available for ADNOC Distribution on a contract basis. The estimated annual value of the contract is $45 million, and it is expected to be executed over three years. Gandhar Oil Refinery's stock price increased by 3.69% in response to this news. [Extracted from the article]

According to the FMCG Industry Snapshot, India's headline retail inflation in May 2024 was at its lowest in a year, at 4.75 percent. However, core inflation, which excludes volatile components like food and fuel, reached an all-time low of below 3 percent. In the same month, edible oil prices increased by 15%, potentially causing concern for the Modi government as it begins its third term. The rise in prices is attributed to disruptions in soybean oil supplies from Argentina and Brazil, as well as large purchases of mustard seeds by NAFED and HAFED. [Extracted from the article]

According to an article titled "No reduction in fuel prices unless crude drops, GST inclusion planned: Hardeep Singh Puri," the Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, stated that there will be no immediate reduction in petrol and diesel prices unless global crude oil prices drop below the $70-80 per barrel range. Puri also mentioned a forthcoming policy shift to include petrol and diesel under the Goods and Services Tax (GST) regime, which aims to standardize fuel prices across states and stabilize the retail oil market. The article can be found at https://energy.economictimes.indiatimes.com/news/oil-and-gas/no-reduction-in-fuel-prices-unless-crude-drops-gst-inclusion-planned-hardeep-singh-puri/110912006. [Extracted from the article]

The article focuses on how Americans unexpectedly paused their spending in April compared to March due to ongoing inflation and the increasing burden of interest rates, with retail sales remaining unchanged and falling below economists' expectations, according to Commerce Department data.

Saudi Aramco, the national oil company of Saudi Arabia, reported a decline in net income for the first quarter of the year. The decrease was attributed to lower volumes of crude oil sold and weaker refining and chemicals margins. Despite an increase in crude oil prices, the company's profit fell to $27.27 billion, missing analysts' forecasts. Aramco also experienced a decline in cash flow from operations and earnings before interest, taxes, and zakat. However, the company remains committed to expanding its gas business and downstream value chain. Other global oil companies, including Chevron, Exxon, and Shell, also reported lower profits due to weaker natural-gas trading and refining margins. [Extracted from the article]

The article discusses Exxon Mobil and Chevron's lower earnings due to decreased refining margins and natural gas prices, despite rising oil prices; it also highlights their rivalry over Guyana's oil riches, with Exxon Mobil resisting Chevron's proposed acquisition of Hess.

Oil prices have fallen after Iran's retaliatory attack on Israel, but concerns about supply disruptions in the Middle East remain high. The attack, which involved over 300 drones and missiles, caused limited damage but raised fears of a broader regional conflict that could disrupt oil supplies. Despite the decrease in oil prices, experts believe that the physical production and transportation of oil in the Middle East are unaffected. The Israeli war cabinet has met to discuss a response, and the US has urged caution to avoid escalating the conflict. [Extracted from the article]

The article focuses on the recent climb in oil prices due to supply concerns and geopolitical risks, with Brent crude rising over 20 present since mid-December and more than 10 present in the past month alone, potentially posing challenges for central banks in reducing inflation.