Market News Today

Coal India denies supply shortages, claiming it exceeded contractual fuel commitments to NTPC, despite the power producer facing critically low coal stocks at several generation plants.

Aluminum futures dropped to $3,050 per tonne, hitting their lowest level since February due to a stronger US dollar, eased supply concerns, and increased production capacity in Indonesia.

US gasoline futures climbed above $3.22 per gallon as market traders carefully evaluated the potential outcomes of a Russia–Ukraine energy ceasefire.

Goldman Sachs raised its December 2026 crude oil forecast by 6% to $90 per barrel due to West Asia supply risks, while projecting a 2027 worst-case price of $125.

Kenya's parliamentary delegation toured Nigeria's Dangote refinery as preparations advance for a similar Ksh2.08 trillion integrated facility in Lamu, targeting 700,000 barrels daily to reduce fuel import dependence.

Industrial units in Himachal's BBN belt face mounting losses due to 50-70 MW daily power cuts, voltage tripping, and unscheduled outages. The association seeks urgent CM intervention to safeguard local operations before exporting surplus power.

The Maharashtra Electricity Workers Federation donated Rs 5 lakh to the Chief Minister's Relief Fund to support drought-hit farmers battling severe crop losses, water scarcity, and fodder shortages.

The US Department of Energy authorized releasing up to four million barrels of crude to ExxonMobil and BP to counter Hurricane Isaias disruptions, requiring repayment with a premium by 2027 amid low reserves.

Fencing work at a lake resumed with police protection after facing resistance from locals. Authorities are resurveying the 9.3-km perimeter to secure the remaining 3 km and clear encroachments.

Karnataka's Panchayat Raj Department has requested gram panchayat employees to postpone their October 12 statewide march due to the election code of conduct, scheduling a meeting for October 15.