Finnish-Russian AI oil venture eyes Indian market

Finnish-Russian AI oil venture eyes Indian market

ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested the ESP software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5% with no additional capital investment.

Crude oil futures weaken on muted global cues

Crude oil futures weaken on muted global cues

Crude oil prices plunged 0.87 per cent to Rs 4,435 per barrel on Thursday as speculators reduced bets amid a weakening trend overseas. On the Multi Commodity Exchange, crude for delivery in April fell by Rs 39, or 0.87 per cent, to trade at Rs 4,435 per barrel in a business turnover of 23,652 lots.

Oil prices dip on surging US crude stockpiles

Oil prices dip on surging US crude stockpiles

Oil prices fell on Thursday after US crude stockpiles surged to their highest levels in almost 17 months amid record production. International benchmark Brent futures were at $71.57 per barrel at 0056 GMT, down 16 cents, or 0.2 per cent, from their last close.

Five power producers prepare to oppose

Five power producers prepare to oppose

Five major stressed power producers are preparing to oppose insolvency proceedings on the grounds that lenders filed petitions against them as per a central bank circular on debt resolution that was recently quashed by the apex court, people familiar with the plans said.