OPEC

OPEC+ may not be much help with high oil, gasoline prices

OPEC, on the other hand, could help lower prices by increasing production, in theory. But that doesn't mean it will, even as Biden has urged the group to do so.

published on : 30th June 2022

Government says rationalising non-capex expenditure is critical

As per the report, the recent surge in inflation in EMEs is mainly on due to supply-side shock arising from the Russian-Ukraine conflict.

published on : 21st June 2022

Asian shares rise, China trading closed for national holiday

Trading was closed in China for the Dragon Boat Festival, a national holiday. Benchmarks in the rest of the region edged higher, cheered by a rally overnight on Wall Street.

published on : 3rd June 2022

US pump prices hit record as OPEC+ producers gather

Higher oil and gas prices have contributed to the inflation that is plaguing the US and Europe and sapping consumer purchasing power.

published on : 2nd June 2022

Private engineering colleges seek admission on Plus-II marks

Besides, it will also help the colleges to bring down the vacancies in BTech seats by another 20-30 per cent. 

published on : 26th May 2022

Russian isolation won't spark 'acute' oil supply crunch: IEA

After supply fell by nearly one million barrels per day in April, losses could widen to three million barrels per day in the second half of the year, the agency said.

published on : 12th May 2022

OPEC+ to gradually increase flow as Russian war roils markets

The cautious approach from the OPEC+ alliance, which includes non-member Russia, will exacerbate a global energy crunch, with prices expected to rise further.

published on : 5th May 2022

Russian war, China lockdowns roil oil markets as OPEC+ meets

The fluctuating and high oil prices are squeezing consumers in the U.S. and Europe with climbing inflation and the rising costs of driving and heating homes.

published on : 5th May 2022

Global stocks fall after China manufacturing weakens

London, Shanghai, Paris and Tokyo declined while Frankfurt opened higher.

published on : 31st March 2022

Slap-gate: A joke & slap  at the Oscars

Stand-up comedians speak their mind about the controversial slap incident at the 94th Academy Awards

published on : 30th March 2022

Will Smith slapping Chris Rock at Oscars brings focus on alopecia disorder

During the Academy Awards ceremony, Smith slapped Rock on stage after the latter cracked a joke about the Hollywood star's wife Jada Pinkett-Smith.

published on : 28th March 2022

UAE energy chief doubles down on OPEC alliance with Russia

The alliance has the capacity to increase oil output and bring down crude prices that have soared past $100 a barrel.

published on : 28th March 2022

Saudi Arabia says it's not responsible for high oil prices

The unusually stark warning marked a departure from the giant oil producer's typically cautious statements, as Saudi officials remain aware that even their smallest comments can swing oil prices.

published on : 21st March 2022

Ukraine war ups pressure for US oil; industry faces hurdles

Industry veteran Mac McDermott watched crude prices whipsaw from USD 75 a barrel in January to more than USD 120 as Russia pressed its war in Ukraine.

published on : 18th March 2022

India's oil demand likely to jump 8 per cent in 2022 

India's oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth. But, this was below pre-pandemic levels.

published on : 17th March 2022
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