Crude resumes climb amid ongoing supply concerns Recessionary fears, lack of Russian oil ban from EU cap upside Oil prices to trade rangebound in the near term: analysts Crude oil Continue Reading
US manufacturing, services PMIs fall in May Beijing COVID-19 flare-up prompts lockdown concerns Tight global supply holds floor under prices Crude futures settled mixed May 24 as the market weighed Continue Reading
A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers Continue Reading
Kenya’s recent fuel crisis has left petrol pumps dry. Politicians are blaming each other and giving varied reasons for the shortage, from the government being inept to government plans to Continue Reading
Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame oil markets. Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame Continue Reading
Highlights Saudi FM says oil market ‘relatively in balance’ Global refining capacity shrank in 2020, 2021: S&P Global OPEC+ under fire for maintaining production cuts The oil market “is relatively Continue Reading
Even after three decades of growing wheat and rapeseed on his small plot in Punjab, India’s traditional breadbasket, Inderjit Singh was caught off guard by the heat wave that began Continue Reading
Highlights India cuts excise duties on gasoline and diesel Inflation, based on CPI, hits an 8-year high in April Dated Brent to average $103/b in 2022: Platts Analytics From cutting Continue Reading
China’s commitment to Covid Zero means it’s all but certain to miss its economic growth target by a large margin for the first time ever. Economists’ median forecast for gross Continue Reading
TotalEnergies (TTEF.PA) said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group’s largest U.S renewables Continue Reading
