Agri Picks Report: Geojit

oil, fuel, consumption, organization, geojit,
Gulf
  • Date: 14-Oct-2021
  • Source: Money Control
  • Sector: Oil & Gas
  • Country: Gulf
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Agri Picks Report: Geojit

According to Geojit , Global demand for crude oil is expected to rise sharply in Oct-Dec, supported by seasonal petrochemical and heating fuel consumption as well as the possibility of fuel switching to oil from natural gas in the power generation sector, the Organization of the Petroleum Exporting Countries said. October 14, 2021 / 08:55 AM IST Geojit's report on Agri Picks Global demand for crude oil is expected to rise sharply in Oct-Dec, supported by seasonal petrochemical and heating fuel consumption as well as the possibility of fuel switching to oil from natural gas in the power generation sector, the Organization of the Petroleum Exporting Countries said. Global coffee prices were at 170.02 cents per pound in September, up 6.2% from the previous month due to concerns about the weather in major producer Brazil, according to the International Coffee Organization's composite indicator. The US Department of Agriculture has scaled down its estimate for global wheat consumption in 2021-22 to 787.1 mln tn from 789.6 mln tn projected a month ago. The government slashed import duty on key edible oils, including crude and refined soyoil, palm oil, and sunflower oil, in a bid to cool domestic prices.

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