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

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Government to Launch Coal Gasification Urea Policy

The government will unveil a coal gasification based policy for urea production within one month, aiming to promote the use of domestic coal feedstock in synthetic fertiliser manufacture. The move seeks to enhance self reliance in fertiliser supply and to provide an alternative route to natural gas based synthesis. Officials said the policy will set out technical standards, permitting norms and incentives for projects that adopt coal gasification technology. It will aim to attract investments from both public sector undertakings and private manufacturers. The scheme will address logistical and..