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.
Rising oil prices and muted second quarter financial performance of key IT sector companies are other sources of potential volatility for Indian markets.
Brent crude futures & US West Texas Intermediate crude futures both rose 0.6% a barrel. Both benchmarks fell more than 2% Monday as diplomatic efforts in Middle East intensified.
Development leads to hopes that the Israeli-Palestinian crisis could de-escalate without engulfing the rest of the Middle East region and disrupting oil supplies.
Pakistan would be itching to do an Iran on us and China would be planning to execute an air campaign without allowing us asymmetrical escalation. India has no choice but to transform.
Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
COMMENTS