Honeywell Automation India (HONE.NS) reported a strong first-quarter profit, driven by successful execution of existing orders, particularly legacy projects. The company, a subsidiary of US-based Honeywell International, saw a 32% year-on-year profit increase, reaching 1.37 …
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Gold Shines in the Short Term, Copper Still a Mid-Term Favorite: Deutsche Bank Commodity Survey
Deutsche Bank’s latest Global Mining & Commodities Survey reveals a shift in investor sentiment, with gold emerging as the preferred metal in the near term. While decarbonization remains a key driver for commodity demand, concerns …
Continue readingAir Products LNG Business Sold to Honeywell for $1.81 Billion
Honeywell has announced the acquisition of Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in cash. This deal marks Honeywell’s fourth acquisition this year, highlighting its commitment to the …
Continue readingOPEC Maintains Strong Oil Demand Forecast: Summer Travel, Economic Growth Key Drivers
The Organization of the Petroleum Exporting Countries (OPEC) has stuck to its prediction of robust global oil demand growth for 2024 and 2025. OPEC attributes this strong outlook to a resilient global economy and a …
Continue readingCalifornia’s Solar Success Creates Unexpected Energy Challenge
California’s ambitious clean energy goals are paying off, with the state producing more solar energy than ever before. But this success has created an unexpected problem: a surplus of solar energy. The phenomenon, known as …
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