Oil Price
Vedanta shares hit 52-week low at ₹419.50 as crude oil prices surge
Vedanta’s share price fell in early trading on the NSE as the Indian stock market declined and rising crude oil prices increased concerns about higher costs for metal companies. The stock opened at INR 431.25 (USD 4.50), down from its previous close, and fell to an intraday low of INR 419.50 (USD 4.37), marking a new 52-week low. Market experts attributed the decline mainly to weak global and domestic market sentiment and the sharp rise in crude oil prices. Higher energy and input costs can put pressure on the margins of mining and metals companies. Rising base metal prices in international markets, followed by some profit-booking, also contributed to the stock's movement. Crude oil prices add to cost concerns Anuj Gupta, a SEBI-registered market expert, said rising crude oil prices were...
Energy costs drive China's August inflation as non-ferrous metals surge 20.8%
China's producer inflation accelerated in August as higher energy and non-ferrous metal prices pushed industrial costs higher, while weak domestic demand kept consumer inflation subdued. China's factory-gate inflation accelerated in August, with non-ferrous metal smelting and processing prices rising 20.8 per cent year on year as higher international crude oil and metal prices fed through the industrial economy. The country's Producer Price Index (PPI) rose 3.8 per cent year on year in August, up from 3.5 per cent in July and ahead of the 3.6 per cent increase expected in a Reuters poll, according to data from the National Bureau of Statistics (NBS). The increase was accompanied by a more modest rise in consumer prices, highlighting the contrast between stronger industrial input costs and...
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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Key takeaway from Global Commodity Conclave 2026 - Oil shocks, supply risks and shrinking stocks keep aluminium prices volatile in 2026
Price volatility has emerged as one of the most pressing issues for the global aluminium industry in 2026. India, experiencing the same, is also facing the additional impact of currency movements and rising domestic costs. This is the issue being prominently featured at the three-day conference Global Commodity Conclave 2026, organised by the Multi Commodity Exchange of India (MCX). Among many key insights regarding aluminium price shocks, the most interesting takeaway was the aluminium market’s sensitivity to the surge in crude oil prices and supply disruptions arising from the Middle East conflict. According to S&P Global, the rise in oil prices due to the Middle East conflict has translated into an aluminium price increase. As per the American publicly traded corporation, LME aluminium...
Middle East conflict induced global energy bottleneck benefits refiners Shell, TotalEnergies, ExxonMobil and Chevron
Global fuel markets have become significantly tighter than crude oil markets as refining capacity, rather than crude supply, emerges as the primary constraint following the Middle East conflict, driving refining margins to record highs and boosting earnings for the world's largest oil companies. While crude oil flows have faced disruption through the Strait of Hormuz during the Iran conflict, analysts said shortages of refined products such as diesel, gasoline and jet fuel have become more acute, creating one of the strongest refining markets since Russia's invasion of Ukraine in 2022. The tightening fuel market has benefited major refiners including Shell, TotalEnergies, ExxonMobil and Chevron, all of which reported some of their strongest quarterly earnings in recent years, supported by...
Why does a barrel of oil matter to aluminium producers? A hidden link between petroleum coke, prebaked anode and the metal itself
Oil price shocks are traditionally associated with their impact on transportation, aviation, paints and chemicals, tyres, rubber, and fertiliser industries, while the ripple effects on metallurgy often remain overlooked. The recent Middle East geopolitical crisis has renewed attention on aluminium’s strategic importance as a critical global metal supplier, but what about the impact of the oil price surge linked to the conflict on aluminium’s cost structure? Indeed, the aluminium industry does not consume crude oil directly in the smelting process. Still, it does through petroleum coke and carbon anodes used in the smelting process, which creates a significant connection between global oil markets and aluminium production costs. Between crude oil and aluminium – the petroleum coke...
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