The Saudi Energy Ministry said in a statement on its website that its voluntary cut of 1 million barrels per day will stay in place through the first three months of next year.
Another big question is whether Saudi Arabia and Russia will extend their additional voluntary cuts of 1 million barrels per day and 300,000 barrels per day, respectively, into 2024.
On the NSE and BSE, IREDA share prices were listed at ₹50 apiece, 56.25% higher than the issue price of ₹32.
Prices rise 11% year-to-date on economic, geopolitical uncertainties
In the last week of October, the prices had shot up to Rs 5,500 per quintal, recording an increase of Rs 1,000 per quintal in a span of a week compared to the week before.
Rupee, owing to sustained foreign outflow and strengthening of the dollar index, is under tremendous pressure for past few months and has hit multiple lows.
In the neighbourhood markets and retail stores, the price has already touched Rs 90 per kg, and consumers fear that the cost will soon touch Rs 100 per kg.
Prices in many states go south, traders believe this relief is temporary; fresh stocks reach APMC yard
According to the Department of Consumer Affairs, the prices are relatively higher in the southern and northeastern states as compared to central and northern states.
The fall in rubber prices has led to a sharp fall in property prices, forcing emigrant Keralites to lease their land to contract farmers.
Higher oil prices in turn are likely to spike up inflation, which internationally has been under control, and were on the way down.
The surge in vegetable prices is primarily due to the rise in demand for a variety of vegetables during the Navaratri festival.
However, this is not the first time that the trade has suffered. The fall began with the Russia-Ukraine war early last year.
Speaking at a press conference held at the AICC headquarters, Gandhi claimed that Adani procured coal in Indonesia at one price, but by the time it reached India, the cost had doubled.
OPEC+ would not want a conflagration. It would spook the market and add volatility to oil prices. It would also hobble top producer Saudi Arabia’s Vision 2030 for moving away from oil.
The price of onion may witness steady hike from November and depending upon the supply from Maharashtra, the price may vary.
He also requested the state government to set up food processing units in Chitradurga district, so that farmers can get value addition for tomatoes.
Gold market made a sharp rebound from a seven-month low last Friday at $1,832.26 per ounce.
Analysts also expect some disruption in supply of raw diamond as Israel is an important supplier and with Russia already cut from the market due to sanctions.
Analysts say Netanyahu is on the backfoot, and he cannot be seen as weak. This could lead to further escalation and disruption in oil supply.