[ad_1] Government procurement at the minimum support price (MSP) was another boon for Raghuvanshi because market prices were about 20% lower than the MSP. Though he could sell just about two-thirds of his total production to government agencies, without this support Raghuvanshi’s losses would be significant. The good tidings for Raghuvanshi, however, are not enough…
[ad_1] (Bloomberg Opinion) — A barrel of oil fetches about $80 on the global market. Consider the power of that price: It has driven extensive human endeavor, trillions of dollars in investment, technological breakthroughs, the creation of some of the world’s largest companies — all to extract fossil fuels from wherever in the world they…
[ad_1] Oil prices declined in early Asian trading on Monday, influenced by concerns over weaker demand in China, the world’s largest oil importer. Market sentiment was also affected by investor attention on the progress of ceasefire talks in the Middle East, which could potentially lower supply risks. By 0032 GMT, Brent crude futures fell by…
[ad_1] Oil prices dropped by over $1 per barrel on Monday following statements from Israeli officials who expressed a desire to prevent a full-scale conflict in the Middle East while addressing a lethal rocket attack in the Israeli-occupied Golan Heights over the weekend. By 11:17 a.m. EDT (1517 GMT), Brent futures for September delivery had…
[ad_1] Oil prices declined on Monday following President Joe Biden’s announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. By 1327 GMT, Brent crude futures had decreased by 68 cents, or 0.82%, to $81.95 per barrel. U.S. West Texas Intermediate crude futures…
[ad_1] Oil prices remained largely unchanged on Thursday as investors grappled with conflicting signals about crude demand. Concerns about a potential economic slowdown in the U.S. were balanced by rising expectations that the Federal Reserve might soon cut interest rates. By 11:41 a.m. EDT (1541 GMT), Brent futures had edged up by 1 cent to…
