Oil Prices Fall Over 1% Amid Hurricane Risk Receding

12 Nov 2024 CW Team

Oil prices saw a decline of more than 1% as the risk posed by Hurricane Rafael receded. The storm, which had initially raised concerns over potential disruptions in oil production and refinery activities, began to lose strength, easing fears of a supply shortage. As a result, crude futures fell, with Brent and West Texas Intermediate (WTI) benchmarks experiencing notable losses.

The drop in prices also comes amid broader concerns about global economic growth and its impact on oil demand. Analysts have been monitoring these factors closely, with fluctuations in the energy market continuing to be driven by geopolitical uncertainties and weather-related events like hurricanes.

While Hurricane Rafael's threat subsided, traders remain cautious, aware of the ongoing volatility in the oil markets. Despite the dip, oil prices remain elevated compared to historical levels, driven by underlying factors such as geopolitical tensions and the ongoing energy transition.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..