Mumbai: The chief economic advisor V Anantha Nageswaran does not see the likely jump in oil prices due to global factors, including global slowdown and geo-political conflicts, impacting the domestic economy in a major manner next fiscal. Addressing the SBI-organised economic conclave here on Thursday, he based his optimism on the assumption that cooling off …
Russian President Vladimir Putin on Wednesday had hastily arranged talks with Saudi Crown Prince Mohammed bin Salman on oil, Gaza and Ukraine, hours after visiting Saudi Arabia’s Gulf neighbour, the United Arab Emirates. Issued on: 06/12/2023 – 21:40 3 min It was not immediately clear what Putin, who has rarely left Russia since the start of the Ukraine war, intended to raise …
Crude oil shed to a near four-month low last week due to easing supply tensions in the Middle East, rising OPEC exports, mixed economic data release from China, and a surge in US inventory levels. Prices corrected by more than 16 percent since the middle of October when it surpassed $90 a barrel on worries …
Saudi Arabia and Russia Tuesday announced fresh extensions to their voluntary supply cuts, spurring a 2% increase in oil prices. The extension stretches a combined 1.3 million barrel per day (bpd) reduction for another three months through December. Brent crude futures for November were up $1.44, or about 1.6%, to $90.44 a barrel by 1334 …