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1 min read

Oil prices drop further as the global demand outlook turns murky

The latest dip follows a 6% drop on Wednesday, amid concerns about lower demand and slower economic…

Phil Rosen   


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2 mins read

Rupee recovers from all-time low level, opens 25 paise higher at 83.84 against US dollar

The rupee recovery mirrored the rebound in the domestic equity market, even as aggressive dollar bi…

PTI   


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New shipbuilding scheme in the works; will incentivise Indian shipyards till 2035

Responding to a question on the government's plan for green shipping, Ramachandran said the ministr…

PTI   


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2 mins read

IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption

The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.

Yuheng Zhan   


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It's the beginning of the end for global oil demand, IEA chief says

New projections suggest the age of relentless growth for energy demand is about to let up, the Inte…

Phil Rosen   


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3 mins read

Crude oil market at the crossroads — S&P Global Commodity insights unveils in-depth 2024 energy outlook

According to S&P Global, against the backdrop of a turbulent global stage, characterized by economi…

ANI   


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Oil prices at $100 a barrel look too high for global demand to sustain

Gasoline deliveries have plunged to two-decade lows after OPEC pushed crude prices too high, the In…

Filip De Mott   


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3 mins read

India's trade deficit expected to decline further: Economic Survey

The Survey said that though ongoing geopolitical headwinds impacted India's merchandise exports, lo…

PTI   


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4 mins read

What were some of the initial controversies and concerns surrounding the ongoing Dubai COP28 climate summit?

World leaders have once again, for the 28th time, congregated to discuss climate change — this time…

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3 mins read

Indian exports show resilience amid global challenges in first quarter, says CRISIL report

Despite the positive growth in exports, the trade deficit widened to $21 billion in June from $ 19.…

ANI   


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Oil prices surge as US rushes forces to the Middle East ahead of a possible attack by Iran

Oil prices are surging as Israel prepares for an attack from Iran after killing a Hamas leader in T…

Kelly Cloonan   


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1 min read

India will be the largest source of oil-demand growth for the next 7 years, IEA says

The nation's oil demand is expected to increase by 1.2 million barrels a day by 2030, roughly a thi…

Aruni Soni   


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The rate of oil demand growth has peaked 'for good,' Bank of America says

Analysts say global oil demand should slow down over the next six years after its breakneck recover…

Phil Rosen   


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The world is 'far off' from peak oil amid strong demand, OPEC chief says

Robust demand from countries like India, which is showing "phenomenal economic growth," mean peak o…

Aruni Soni   


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2 mins read

Oil prices are crashing. Blame uncertain demand and booming US production.

US crude prices plunged below $70 a barrel on Wednesday, while brent dropped to $74 as the global d…

Phil Rosen   


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2 mins read

Rupee rises 7 paise to 83.24 against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.29 and inched up further …

PTI   


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Rupee trades in narrow range against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.48, it touched 83.46 in t…

PTI   


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2 mins read

Rupee settles on flat note at 83.51 against US dollar

At the interbank foreign exchange market, the local unit traded in a narrow range. It opened at…

PTI   


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Rupee trades in narrow range against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.50, and touched 83.49 in …

PTI   


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Oil prices drop 6% as worries mount over demand destruction

Satellite imagery suggests that global oil inventories have surged by 30 million barrels in the fir…

Matthew Fox