For India, 2009 till now, been a great year with the return of a stable government at centre, good FII inflow, 72% increase in the Indian stock market and less terror attacks. But H1N1 influenza and a series of bankruptcy by some big international giants are some events, which we never want to happen again.
Some major events of the year in India
January 2009
The year 2009 started with a positive wave when Indian...
Crude Oil
I have a 15 years’ crude oil seasonal price chart. This chart says that from January to September, crude oil prices increase substantially, mainly because of the summer vacation-driving season. Then, in September- October, it becomes sluggish and then in the month of November- December, demand for crude oil weakens because of the reduction in driving and more moderate temperatures between the summer...
Currently, the crude oil is trading near US$ 80 per barrel. Going forward, we expect it to go further up to US$ 85 per barrel on the back of higher energy demand on global recovery. This would result in higher realizations to upstream companies like RIL, ONGC, Cairn India. But at the same time, higher crude prices would impact the profitability of downstream companies (Oil Marketing Companies) as retail oil prices...
After nose-diving from a peak of $147 to $ 33 per barrel, global crude oil prices have crossed the psychological level of $65 a barrel, a level not reached so far in 2009. So, what is the cause of this spurt in oil prices?
The very first reason is the OPEC’s success in taking a fair amount of oil off the market to balance the supply-demand picture. Since September 2008, OPEC has reduced production by around...
Silver is one of the most famous precious metals like gold though it’s unusual properties makes it very different. Today, silver is sought as a valuable and practical industrial commodity, as well as an appealing investment precious metal. Although silver is relatively scarce, it is the most plentiful and least expensive of the precious metals.The largest silver producing...