Rise in food inflation to 13.39% causes alarm for policy makers on the back of losses in kharif output while government is pinning hopes on increased rabi output. RBI's gold buying has spread positive sentiments and NMCE has now launched a futures aimed at gold retailers
Climate change will impact oil business in three different ways-- physical assets failure on fluctuating temperatures, drop in value of financial assets, damage to corporate reputation. A report backed by IBM shows that only 19 $ of oil companies are taking any action on climate change.
BP and CNPC have signed a technical service contract with Iraq’s state-owned South Oil Company (SOC) to triple production in Rumaila oilfield to make it the second largest oilfiled in the world. The signing follows BP’s successful bid for the contract with CNPC in Baghdad in June