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Oil & Gas

Global Oil Discharge Monitoring Equipment Market to Reach $340 Mn by 2032

Worldwide sales of oil discharge monitoring equipment are set to account for US$ 212.2 Mn in 2022. Expanding at a steady CAGR of 4.8%, the global oil discharge monitoring equipment market is expected to reach US$ 340 Mn by the end of 2032. The Oil Discharge Monitoring Equipment (ODME) market plays a pivotal role in the maritime

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Oil & Gas

Biofuels Market Surges to $140 Billion in 2021, Set to Grow at 4.8% CAGR in the Next Decade

Worldwide revenue generated from biofuels sales amounted to US$ 140.43 Billion. Projections indicate that the Biofuels market is poised for growth at a Compound Annual Growth Rate (CAGR) of 4.8% from 2022 to 2032. The bioethanol segment is anticipated to emerge as the leading revenue generator, contributing significantly to the market. Over the next decade,

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Oil & Gas

India-Russia Trade: The Backbone of Global Oil Prices Revealed by Energy Minister

According to India’s Minister of Petroleum and Natural Gas, Russian crude is keeping global oil prices down. During India Energy Week, Hardeep Singh Puri told CNBC that if India started buying more Middle Eastern oil instead of Russian oil, oil prices would not be $75 or $76; they would be $150. Indian oil companies will

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Advisor Network Oil & Gas Stock to Buy Stocks & Funds

3 Best undervalued oil stocks to be considered by investors

During 2022, when equity market saw the bloodbath, rally in the oil stocks was considered as the success story. This was seen because, even though inflation impacted the consumer spending and business sentiment, crude oil price saw favourable impacts. Apart from this, geopolitical events, mainly the war between the Russia and Ukraine, further helped the

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Advisor Network Economic & Finance Market Overview Oil & Gas Stocks & Funds

Performance of global indexes: Oil prices and treasury yields fall

On Wednesday, stocks saw a decline, with oil prices touching their lowest levels since end of June month. WTI saw a decline to $69.38 a barrel and 10-year treasury yields fell to ~4.121%. Performance of global indexes were affected by the economic data sets, with ADP’s report showing that companies added ~103,000 private-sector jobs for

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Advisor Network Economic & Finance Market Overview Oil & Gas Stocks & Funds

Lower oil prices and jobless claims: Wall Street closes higher ahead of Thanksgiving

The US stocks close higher on Wednesday as Wall Street braces itself for the Thanksgiving holiday break as fresh economic reports get released. Weekly jobless claims saw the fall of ~24,000 in comparison to ~209,000. Apart from this, the reading of University of Michigan consumer sentiment survey exhibited that year-ahead expectations for inflation increased to

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Oil & Gas

ONGC $5-Billion Deep sea-Water Project Set to Fuel Oil Production This Month

It is expected that ONGC Oil and Natural Gas Corp. will begin producing oil from its much-delayed deep-sea water project in the Krishna Godavari basin in the Bay of Bengal this month, reversing years of decline in output. ONGC Director (Production) Pankaj Kumar said this month that Cluster-2 will start producing in KG-DWN-98/2 block this

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Advisor Network Economic & Finance Market Overview Oil & Gas Stock to Buy Stocks & Funds

Top Crude Oil Companies to Purchase as tensions increase

In bear market of 2022, oil stocks took the limelight with their success stories. Even though higher inflation adversely impacted consumer spending and business sentiment, it positively impacted prices of crude oil. Therefore, investors were able to book some gains from top crude oil companies. Apart from this, Russia’s invasion of Ukraine stemmed the performance

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Advisor Network Economic & Finance Market Overview Oil & Gas Stock to Buy Stocks & Funds World Affairs

Crude oil prices: What factors have been weighing over them? 

On Tuesday 25th July 2023, crude oil prices were able to stabilize near three-month highs. Much of this stabilization was because traders were waiting for the US Federal Reserve meeting after there have been signs regarding the tighter supplies and assurance by Chinese authorities to shore up their economy. Crude benchmarks have seen 4 consecutive

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Energy Oil & Gas

Causes of A Burst Water Line(Pipe) and What To Do About It

As you grow older, you learn that several responsibilities come with being an adult. Of course, you have the typical things like paying bills, buying groceries, and generally making ends meet. When you think of adulthood, that’s usually what comes to mind right away. However, aside from all those things, there are also some aspects

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