8In a bid to weaken Russia’s ability to fund the Ukraine war, the Group of Seven (G7) leaders on Tuesday agreed to develop a price cap mechanism for Russian oil.

8Shares of oil refiners logged strong gains, rallying around 8 per cent, in an otherwise weak market on the back of a rebound in crude oil prices.

8After over three years of having initiated the sale of its entire 53.29 per cent shareholding in Bharat Petroleum Corporation Limited (BPCL)—a Central public sector undertaking (PSU) in the sector of refining and marketing of petroleum products—the Government has decided to put it on hold.

8Here is a rival power trading platform coming up
8And it has all the right ingredients to work

8NGSL is a joint venture (JV) of two leading power sector players, namely NTPC and GE, with both the JV partners holding a 50% stake each in the company. It provides rehabilitation, R&M services and related operations and maintenance services to thermal power plants, primarily in India.
8The company will be further expanding into FGD, waste-to-energy plant projects and EPC for solar power plants

8Here is an update on the capex plans for pumped storage power project

8The board has decided to stop production at the plant permanently
8Find out why?

8Capex plans have gone up sharply as far as the government is concerned
8And this augurs well for EPC companies

8India is continuing to grapple with a "severe and protracted" power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia's invasion of Ukraine in February, S&P Global Commodity Insights said.

8Global energy investment is set to rise over 8% in 2022 to reach a total of $2.4 trillion, well above pre-Covid levels.

8Small and medium businesses are the top priority for Bureau of Energy Efficiency (BEE) as they require least investment for transition to cleaner forms of energy, a senior official said.

Petrochem sources have reported a fall in poly vinyl alcohol prices in the Mumbai market.

Secondary lead prices witnessed a sharp fall in the Delhi market today.

Silica sand prices have shot up in the metal market of Delhi.

Gold grade-SGE afternoon session benchmark prices witnessed a significant fall in the Mumbai market today.

Aniline prices in the Ahmedabad market were assessed lower today.

Petrochem sources reported a massive fall in styrene monomer prices in the Ahmedabad chemical market.

Octanol prices have escalated in the Kandla market, today.

Petrochem sources reported a rise in benzene prices at Vizag today.

MEK prices are demonstrating a robust increase in the Kandla chemical market.

Petrochem sources reported a significant fall in PAN prices in the Mumbai market.

Robust demand has lifted toluene prices in the Kandla market.

An elevated trend is noticed in acetic acid prices.

Butyl acetate prices have increased in the domestic market of Kandla.

Acrylonitrile prices in the Kandla market have registered a significant fall today.