(Bloomberg) Oil climbed to near $67 a barrel after the OPEC+ alliance forecast a tightening global market ahead of a production policy meeting.
Futures in New York advanced around 1% from Friday after not settling Monday due to a holiday in the U.S.
With effect from 01 June 2021MOIL announced that D. Shome, Director (Production and Planning) ceases to be a Director of the Company on attaining the age of superannuation on 31 May 2021.
Further, as per order dated 25 May 2021 issued by the Ministry of Steel,
Government of India, PVV Patnaik, Director (Commercial) took additional charge of Director (Production and Planning) of the Company w.e.f. 01 June 2021.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, w
Original:
The Tuesday Market Minute
Global stocks hit fresh all-time high as post-pandemic growth prospects improve and central banks continue to maintain support programs despite faster inflation.
European factory activity hits an all-time high in May while inflation comes in at the ECB s preferred just below 2% target for the first time since 2018.
Oil prices test three-year highs as OPEC members forecast a big jump in global demand and downplay the impact of a return to the market for Iranian crude.
Benchmark 10-year note yields edge higher, to 1.622%, in overnight trading while the dollar index fell 0.25% to trade at 89.811 amid renewed inflation concerns.
(Bloomberg) Asian refineries are grappling with what’s expected to be a brief period of weak profits as a demand-sapping Covid-19 comeback across the region coincides with a likely surge in oil-product exports from Iran.
BERLIN: Germany, together with the United Nations, will host a Libya conference in Berlin on June 23, Germany’s foreign office announced on Tuesday.Libya’s interim government is to participate for the first time in the Berlin talks which were launched with a first conference in January 2020, a spokeswoman for the ministry said in a statement.