IEA says the interim agreement could restore Gulf supplies, but cautions that months of disruption have impacted demand, depleted inventories and weakened refinery operations.
Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia, still less than what traders anticipated.
Goldman Sachs last week cut its 2026 growth forecast by half a percentage point to 6.5% for the fiscal year starting April, and expects slower expansion due to India’s reliance on imported oil.
Global media reports on how India’s remittance is tied to the now-troubled region & the war’s cascading effect on economy. J&K's maiden Ranji Trophy win also drew its attention.
The RBI intervened by selling dollars to steady the currency, Bloomberg has learnt. The escalating conflict in the Middle East may stoke inflation and worsen the country’s widening trade deficit.
Oil prices are nearly 40% lower than they were in June 2022, when fuel prices were effectively frozen; yet, consumers have not benefited from this decrease.
Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt.
There should be a public health advisory before every World Cup knockout game in which Argentina plays. And, Lionel Messi needs to stop giving his fans panic attacks.
Rather than open offices in India, many UK firms are strengthening India teams & partnerships to meet expected demand for advice on international disputes, arbitration & regulatory matters.
Ottawa has handed over execution functions of critical defence projects to a CEO-led organisation for reducing procurement timelines and making it solely accountable for outcomes.
The Congress party’s abandonment of nationalism is the most intriguing aspect of its post-2014 politics. The real Congress was never a party of bleeding heart pacifists.
COMMENTS