From February to mid-March, oil prices receded rapidly. WTI dropped by 22 per cent in six weeks. Brent crude was down about 15 per cent. Then, in the past four weeks, the oil inched back up to the price levels at the start of February.Late January, Baker Hughes data showed US rig counts had fallen significantly in the preceding six months. This was expected to help curtail supply, and lead to an increase in prices. Along with this, the impact of weather in Iraq and violence in Libya curtailed production and lead to a rally in prices in January. Even though the rig count had reduced from a peak of about 1,600 to 900 in March, during the same time oil production went up from about 9 million barrels a day (mbpd) to 9.37 mbpd, the highest level in the US since 1982. This was because the producers were focusing on their most productive wells and increasing output from them. In April, Barker Hughes reported the rig count had further reduced to 760. Now, production trend seems to changing as

Why are oil prices fluctuating?

Business Standard

This critical achievement validates SIDRP's capabilities for on-orbit satellite servicing, including docking, refuelling, and proximity operations

OrbitAID

Both Liron and Aditya Patnaik completed a grand double on a day which witnessed a dramatic sequence of events

Momentum Motorsports was pleased to take home the team championship with 63 points to its kitty.

Not many sports are inseparably linked with an individual, but Mirabai Chanu has been that one name in Indian weightlifting for several years now and 2024 was no different as she carried the weight of the nation's aspirations for Olympic glory once again.
However, this time those dreams ended in heartbreak not just for her but also for the sport that has struggled to find a worthy successor to her.
Chanu, who etched her name in history by ending India's 21-year Olympic medal drought in the sport with a silver at the Tokyo Games, embarked on a quest this year to achieve an extraordinary feat -- a second consecutive Olympic medal in weightlifting.
While no other Indian lifter came close to qualifying for the Paris Games, Chanu secured her spot with an underwhelming 184kg (81kg + 103kg) at the Phuket World Cup, while making a remarkable return from a six-month injury layoff.
Her journey to Paris was fraught with challenges.
At 29, Chanu faced an uphill battle against an injury-ravage

Mirabai Chanu, Mirabai, Chanu

With an investment of Rs 850 crore in energy and e-mobility, Lauritz Knudsen strengthens its role in India's sustainable growth, says Deepak Sharma, MD & CEO of Schneider Electric India

Deepak Sharma, Zone President, Greater India, MD & CEO of Schneider Electric India with Mahela Jayawardene, Head Coach, Mumbai Indians.

Olympiad gold-winning Indian chess player Tania Sachdev on Monday lamented the "lack of recognition" from the government of Delhi, prompting chief minister Atishi to reach out to her for "thoughts and suggestions" on the matter.
The 38-year-old Arjuna Awardee, who is based in the national capital, said the Delhi government is yet to acknowledge her achievements.
"Having played for India since 2008, it's disheartening to see a lack of recognition from the Delhi government for achievements in chess. States that support and celebrate their champions, directly inspire excellence and motivate talent. Sadly, Delhi has yet to take this step," she posted on her 'X' account.
"In 2022 Chess Olympiad I came back with a historic team bronze and an individual medal. Two years later 2024, the historic Chess Olympic gold, and till date there has been no acknowledgment or recognition by the state govt," she said.
She tagged Atishi and her ruling Aam Aadmi Party supremo Arvind Kejriwal, urging them

Atishi marlena, Atishi, Delhi CM

In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively

NPCI

Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart

Market, BSE, NSE, NIfty, Stock Market, investment

FinMin says some changes may take effect from April

CGST Act set to see key amendments in Budget session

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

In 2018, as the President of the United States, Donald Trump called India the “tariff king”, citing the high import duties (100 per cent at that time) on Harley Davidson bikes, but also saying the Indian government was ready to reduce it.

Markets Today LIVE: Indian benchmark equity indices were likely headed for a strong start, after lower-than-expected core inflation reading in the US boosted Wall Street shares there

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

The XAT admit card 2025 was expected to be out today, according to many reports, but the officials have issued a new update about the exam set to take place January 5

College students, students

Malaysia's government has agreed in principle to accept a second no find, no fee proposal from a US company to renew the hunt for flight MH370, which is believed to have crashed in the southern Indian Ocean more than 10 years ago, Transport Minister Anthony Loke said Friday.
Loke said Cabinet ministers gave the nod at their meeting last week for Texas-based marine robotics firm Ocean Infinity to continue the seabed search operation at a new 15,000-square-kilometer site in the ocean.
The proposed new search area, identified by Ocean Infinity, is based on the latest information and data analyses conducted by experts and researchers. The company's proposal is credible, he said in a statement.
The Boeing 777 plane vanished from radar shortly after taking off on March 8, 2014, carrying 239 people, mostly Chinese nationals, on a flight from Malaysia's capital, Kuala Lumpur, to Beijing.
Satellite data showed the plane deviated from its flight path to head over the southern Indian Ocean, .

Malaysia flag

SpiceJet has entered into an agreement with US-based StandardAero that will provide the services for operationalising the airline's grounded Boeing 737 MAX planes and three of the aircraft are expected to return to service by April 2025.
Seven Boeing 737 MAX aircraft of the no-frills carrier are on the ground.
The airline has inked an agreement with MRO (Maintenance, Repair and Overhaul) services provider StandardAero for enabling restoration of its grounded Boeing 737-8 MAX fleet, according to a release on Friday.
StandardAero is also a MRO services provider for CFM LEAP-1B engines, which power SpiceJet's Boeing 737 MAX planes.
The agreement with StandardAero follows successful arrangements with CFM International -- the manufacturer of LEAP-1B engines -- and the lessor for the Boeing 737 MAX aircraft.
"These developments pave the way for the un-grounding and return to service of three Boeing 737 MAX aircraft by April 2025," SpiceJet said in the release.
SpiceJet Chairman and Man

SpiceJet

Zoomcar could face stiff competition in a market dominated by well-heeled players like Ola and Uber that primarily offer intra-city ride-hailing services, but also offer cab rentals

Zoomcar

Delhi Assembly polls: The MCD is tasked with setting up 13,033 polling booths at 2,538 locations, with each booth allocated a budget of Rs 19,450

Elections, voting, Lok Sabha elections

Delhiites continued to breathe toxic air as the air quality on Friday remained in the severe category, with the 24-hour average Air Quality Index (AQI) of 429.
The predominant pollutant was PM2.5, the fine particulate matter that poses serious health risks, as they can penetrate deep into the lungs and enter the bloodstream.
Of the 36 monitoring stations across the city, 14 reported air quality in the 'Severe Plus' category, with AQI readings above 450.
The remaining stations recorded AQI levels in the 'Severe' range, between 401 and 450.
These levels signify a significant deterioration in air quality, which is considered life-threatening for vulnerable populations such as children, the elderly, and those with respiratory or heart conditions.
The maximum temperature on Friday was 23 degrees Celsius, slightly warmer than the usual for this time of year.
The day started with a cool, misty morning and high humidity, which fluctuated between 95 per cent and 71 per cent throughout the

Flagging delay in implementation of stricter measures for checking the alarming rise in pollution, the Supreme Court on Monday asked states adjoining the Delhi-National Capital Region (NCR) to immediately set up teams to enforce graded response actio

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

Mr Powell brought to Wednesday's press conference details from 2018 Fed research that suggested looking past tariff-induced inflation

US Federal Reserve, Fed

RBI stated that while it has directed banks not to charge excessive rates of interest, it does not directly regulate the rates charged by banks

Supreme Court, SC

Changes made just a day after Sebi's decision to tighten norms

Aditya Gandhi

Aditya Gandhi

Aditya Gandhi

Why are oil prices fluctuating?

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Space satellite refueling startup OrbitAID's tech clears zero gravity tests

Liron Jaden wins Novice Cup, Momentum Motorsport clinches team championship

Mirabai Chanu and the struggle for glory in 2024 in Indian weightlifting

MI to sport Lauritz Knudsen logo on official jerseys: CEO Deepak Sharma

Chess star Tania Sachdev seeks recognition; Delhi CM Atishi responds

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