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However, ongoing worries about global oil supplies due to the war in Ukraine continue to support prices. Attacks by Ukrainian drones targeted Russian refineries, taking out a significant portion of the country's processing capacity. This disruption, combined with production cuts from OPEC (Organization of the Petroleum Exporting Countries), could tighten the market.
The companies were quick to point out that the government appointed the directors and they had no involvement in it.
Events at the Red Sea have heightened supply disruption risks for oil, for which prices are up 4% MoM
The Nifty is up nearly 27% since the start of FY24 and there are no signs of tapering. What caused this?
Kazakhstan announced its commitment to compensate for oil overproduction within the next four months in adherence to OPEC+ commitments.
Petrol and Diesel prices in cities across India on 08-02-2024
Petrol and Diesel prices in cities across India on 07-02-2024
Petrol and Diesel prices in cities across India on 06-02-2024
Petrol and Diesel prices in cities across India on 05-02-2024
All sectoral indices were in the green, and India VIX eased by 2%
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.