Tag: Brent Crude

Daily Market Update Jan 6

Brent crude prices crossed the $53/bbl mark on Tuesday after the largest oil producer in the OPEC, Saudi Arabia, agreed to take more cuts in output to keep the OPEC Plus deal going. Both Russia and Kazakhstan, part of the OPEC Plus alliance, wanted to increase oil output by 500,000 bpd. However, fearing that it

Daily Market Update – Dec 18th 2020

Defence Ministry approved the purchase of weapons and military equipment worth Rs.28,000 crore. The quick approval assumes significance as the border stand-off with China continues. The good news for the Indian defence companies is that out of this total allocation, Rs.27,000 crore will be allocated to acquiring equipment and weapons locally. This will be a