Wednesday, May 15
Global oil demand will grow slower than anticipated in 2024 following a first-quarter drop in developed economies due to a mild winter and a declining diesel car fleet, the IEA said Wednesday.Demand is expected to increase by 1.1 million barrels per day, or 140,000 fewer than forecast in the International Energy Agency's previous monthly report.Global demand is forecast to reach 103 million bpd for the year, it said.Demand in OECD countries contracted by 70,000 barrels per day in the first three months of the year, the Paris-based organisation reported."A historically mild winter acted as an additional weight on OECD heating fuel use," the report said.Demand was also affected by "structural headwinds such as rising vehicle efficiencies and the declining share of diesel in the car fleet", i
Delhi Capitals (DC) on Tuesday secured a 19-run victory over Lucknow Super Giants (LSG) in the Indian Premier League (IPL). This win propelled DC to the fifth position on the points table, concluding their season with seven wins, seven losses, and a total of 14 points. Conversely, LSG fell to seventh place, ending their campaign with six wins, seven losses, and 12 points. Both teams still have slim playoff hopes, which hinge on the outcomes of remaining matches involving other franchises. In this crucial match, DC amassed 208 for four, thanks to opener Abhishek Porel's 33-ball 58 and a late surge from Tristan Stubbs, who remained unbeaten on 57 off just 25 deliveries. In reply, LSG managed 189 for nine despite fighting half-centuries from Nicholas Pooran (61 off 27) and Arshad Khan (58 not
NSE has suspended trading in Brightcom Group shares with effect from June 14, 2024, after the company failed to declare its quarterly earnings for two consecutive quarters ending September 30, 2023, and December 31, 2023.The suspension comes in accordance with market regulator Securities and Exchange Board of India (Sebi) Master Circular of July 11, 2023. The Master Circulars’ Regulation 33 governs the submission of financial results.In a circular issued by the exchange on Tuesday, NSE stated that trading in securities of Brightcom Group will remain suspended until the company complies with the above regulation. After 15 days of suspension, trading in the securities of non-compliant companies would be allowed on a trade-for-trade basis in the Z category on the first trading day of every
