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The Thai stock market showed a mixed response on Tuesday, with the SET Index up 0.09% amid gains in tourism and healthcare stocks, while financial and electronic component shares lagged.
The Hang Seng Composite Energy Index jumped 1.88% to 10,637.35 HKD, leading gains as broader markets saw mixed performance. The Hang Seng Index rose slightly by 0.07% to 19,244.09 HKD.
The complex, strategically located, aims to produce a wide range of petrochemical products, including polyethylene, polypropylene, and other essential chemicals used in various industries. By leveraging advanced technology and efficient production processes, the facility is set to meet both domestic demand and export requirements, significantly bolstering Vietnam's position in the global petrochemical market.
The decision, aimed at supporting global oil prices and stabilizing the market, reflects Iraq’s commitment to the collective goals set by the OPEC+ alliance.
During the discussions, President Yoon emphasized South Korea’s commitment to advancing its green energy agenda, focusing on innovation and technological development.
The TAP project, a major infrastructure initiative to improve energy access and economic stability in South Asia, will see the construction of crucial facilities and the finalization of necessary documentation.
Prabowo’s plan to elevate this to 50% is expected to significantly reduce fuel imports by up to $20 billion annually. The increase in biodiesel blending will also raise domestic palm oil consumption from 11 million metric tons under B35 to an estimated 18 million metric tons for B50.
The NPS, which holds a substantial stake in SK Innovation, has expressed its apprehension over the merger's terms and the strategic direction proposed.
The discussions focused on several key energy projects that are crucial for enhancing Afghanistan’s electricity infrastructure.
The recent notification of higher gas pricing for new wells is expected to considerably impact the energy sector, particularly for ONGC and Oil India. The premium pricing is seen as a crucial step in making high-risk, capital-intensive projects viable, thereby boosting domestic gas production in India.
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