The US EIA stated yesterday that US crude oil production is forecast to rise in 2022 and 2023 to record-high levels. EIA noted that in its February 2022 Short-Term Energy Outlook (STEO), it forecast that crude oil prices will remain high enough to drive U.S. crude oil production to record-high levels in 2023, reaching a forecast 12.6 million barrels per day (b/d). It expects new […]
Gold futures spiked today as traders remained bullish on the prices given the uncertain state of affairs on the Russia-Ukraine front. Gold rose impressively last night as the release of the Fed minutes didnt provide clear signs that a 50 basis point rate hike in March was given. Market also eyed statement from the US Secretary of State Antony Blinken noting that there werent any […]
Gold futures spiked today as traders remained bullish on the prices given the uncertain state of affairs on the Russia-Ukraine front. Gold rose impressively last night as the release of the Fed minutes didnt provide clear signs that a 50 basis point rate hike in March was given. Market also eyed statement from the US Secretary of State Antony Blinken noting that there werent any […]
Provident Housing (PHL), a 100% subsidiary of Puravankara Group, is set to make its first footprint in Kerala. The company has announced the launch of Provident Winworth in Kochi. With an ambitious pipeline planned for the city, this latest venture will see a project value of Rs 3000 crore. It is also one of the four projects that Provident has received an inflow of capital […]
The Australian share market finished session slight higher on Thursday, 17 February 2022, on the back of strength in materials and energy stocks after Woodside Petroleum reported strong annual results and firm bullion prices. However, market gains capped on rekindling fears over a possible Russian invasion of Ukraine after reported firing of shells in Ukraine. At closing bell, the benchmark S&P/ASX200 rose 11.24 points, or […]
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