The month’s growth was driven mostly by demand for intermediate goods—suggesting that a slew of monetary and fiscal policies released in recent months had been effective at bolstering manufacturing confidence.
The global oil benchmark recorded a modest rise on Thursday, November 28, attributed to a potential flare-up of geopolitical tensions in the Middle East, delays in OPEC+ decisions, and subdued market activity due to the US Thanksgiving holiday.
India first introduced ADD on PET resin imports from China in March 2021 for a five-year period. The latest revision suggests a renewed commitment to safeguarding domestic industries from unfair trade practices.
The Energy Information Administration (EIA) reported a surprising 3.3-million-barrel gasoline inventory build last week, defying expectations of a 605,000-barrel draw and signalling weaker demand. Additionally, a ceasefire between Israel and Hezbollah eased fears of Middle East supply disruptions.