Oil Prices Drop 2% Amid Hurricane Risk Easing

12 Nov 2024 CW Team

Oil prices dropped by 2% as the threat from Hurricane Rafael receded and concerns over lackluster stimulus efforts from China weighed on market sentiment. The easing of hurricane risks in the Gulf of Mexico allowed oil production to resume in affected areas, alleviating concerns of supply disruptions. However, market reactions were also influenced by China’s disappointing economic stimulus measures, which raised doubts about the country's demand for crude oil in the near future.

The combination of a calming weather forecast and an underwhelming response from China regarding economic recovery efforts contributed to the downward pressure on oil prices. Investors had hoped for stronger economic support from China, which is one of the world’s largest consumers of oil, but the country’s stimulus measures have so far been less aggressive than anticipated.

Despite these short-term setbacks, oil markets remain attentive to global supply-demand dynamics, including the ongoing geopolitical tensions and production cuts led by OPEC+ nations. Analysts caution that oil prices could remain volatile in the coming weeks as the market adjusts to the evolving economic signals and weather forecasts.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..