Brent Crude Rises: Shares of Asia Pacific oil producers and refiners advanced as crude prices continued to jump, on the back of OPEC+ agreeing to maintain gradual production increases.
READ MORE: SPOT GOLD REPORTS : Gold Current Price $1741 Target PC
- Brent futures +0.5% to $81.68/barrel as of 3:28 p.m. Hong Kong Time, near 2018 high
- India: Oil & Natural Gas surges as much as 10% to highest since July 2019; Indian Oil climbs 3.4%
- Australia: Oil Search closes up 2.3%, Woodside Petroleum 4%, Santos 2.5%
- Japan: Inpex up 5.6% to highest since Feb. 2020; Japan Petroleum Exploration +5.5%, Idemitsu Kosan +3.7%
- Hong Kong: PetroChina gains 6.8%, CNOOC 2.5%, China Petroleum & Chemical 2.4%
- Southeast Asia: Philippines’ Petron rises 8%; Thailand’s Bangchak +2.7%, PTT Exploration & Production +1.7%
#Bosch Shares Rise The Most In Over Months, RSI Above 70
TVS Motor: TVS Motor Company has signed a memorandum of understanding with Tata Power to collaborate on electric two-wheeler charging ecosystem in India, a report said. The companies will explore opportunities to use solar energy to power select TVS Motor locations.
JSPL’s Steel sales volume surged 32% q-o-q and 10% y-o-y to hit a record of 2.13 million tonnes during the quarter. In Q2FY22 JSPL steel sales have first time breached 2 million tonnes for the quarter.