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4 mins read
RBI revises India’s FY24 growth outlook, expects softer inflation on the back of lower commodity prices
The Reserve Bank of India on Thursday revised India’s economic growth outlook upwards, expecting a …
2 mins read
Russia applauds OPEC+ for its huge oil output cut, reportedly saying it will counter the 'mayhem' the US has created in the market
"This at least balances the mayhem that the Americans are causing," Kremlin spokesman Dmitry Peskov…
Zahra Tayeb
2 mins read
JPMorgan warns oil prices could surge 240% as Russia slashes output in response to Western sanctions
Russia is in a strong position and could well slash its oil output, JPMorgan said, sending prices t…
Harry Robertson
3 mins read
Metals are mirroring the rally in crude oil and the recent output cuts are helping
When the dollar weakens, the same amount of any commodity costs more in terms of dollars. Theref…
1 min read
Oil jumps 3% after OPEC+ mulls cutting its output by more than 1 million barrels a day
Brent crude futures were up 3.89% on Monday on news that OPEC+ could slash output, while WTI were 3…
Zahra Tayeb
1 min read
India's oil production in Feb dips 6.4 pc on lower pvt sector output
Crude oil production at 2.39 million tonnes in February was 6.41 per cent lower than 2.56 million …
PTI
1 min read
Govt pegs 18 pc lower sugar output to 26.3 mt for 2019-20
"The sugar production in the current 2019-20 season is estimated to be about 27.3 mt vis-a-vis 33.…
PTI
1 min read
OPEC+ struggled to raise output in July, missing production targets by nearly 3 million barrels a day, report says
OPEC+ nations struggle in raising their oil output, missing July targets even more than what was se…
Jennifer Sor
2 mins read
Russia doesn't want OPEC+ to cut oil output as it fears it'll lose leverage with its Asian buyers: report
Russia fears a drop in crude output would signal global demand is falling, meaning it could lose le…
Zahra Tayeb
1 min read
Russian oil output will crater by 1.9 million barrels a day after fresh EU sanctions kick in, IEA says
In a Wednesday report, the International Energy Agency said looming European sanctions will cut int…
Phil Rosen
1 min read
Saudi Arabia is lowering oil prices for Asia and Europe but is hiking them for most US buyers
State-run oil giant Saudi Aramco is reducing prices by $4 a barrel for Asian refineries and by $2 f…
Brian Evans
2 mins read
The White House is reportedly weighing a controversial measure to lower gas prices ahead of midterm elections
The Biden administration has asked the Energy Department to look into whether a ban on gas exports …
Zahra Tayeb
2 mins read
Oil prices will average $100 a barrel next year as demand rebounds in China and falling Russian output keeps global supplies tight, Bank of America says
"Oil balance to stay tight in 2023, supported by rebounding Asia demand, slower non-OPEC growth, an…
Phil Rosen
2 mins read
Russian crude production has been resilient since the war, but output will soon fall by over a million barrels a day, Rystad Energy says
Russian crude production could fall off by 1.1 million barrels a day, Rystad said, dealing a potent…
Jennifer Sor
2 mins read
US stocks close lower as 10-year yield holds above 3% amid rate-hike bets
The 10-year Treasury yield briefly dipped below 3% after weak housing data, but rebounded to climb …
Brian Evans
1 min read
Saudi Arabia lowers oil prices for Europe but raises them again for the US as White House says OPEC+ is siding with Russia
State-run oil giant Saudi Aramco hiked prices by $0.20 a barrel for all US grades, while northwest …
Brian Evans
2 mins read
Dow soars 764 points to kick off October as US stocks surge on slide in US dollar and lower bond yields
The 10-Year US Treasury yield fell as much as 25 basis points to 3.58% after hitting a multi-year h…
Matthew Fox
3 mins read
Russia could be suspended from OPEC's oil-output agreement. 4 experts lay out what that could mean for the price of oil and the wider energy market.
OPEC members discussed removing Russia from its monthly supply quota agreement, WSJ reported. Here'…
Zahra Tayeb
2 mins read
US stocks jump as oil prices turn lower on speculation of export deal with Iran
There was speculation Thursday that a nuclear deal could be reached with Iran that would allow the …
Matthew Fox
1 min read
RBI lowers FY23 GDP growth forecast to 7.2% due to global headwinds
"As the horizon was brightening up, escalating geopolitical tensions have cast a shadow on our…