After PM’s caution: Pump prices set to go up
Auto-fuel price hikes in India now appear less a matter of political timing than of economic arithmetic.
Auto-fuel price hikes in India now appear less a matter of political timing than of economic arithmetic.
ICICI Securities flags a structural shift in global oil coordination after UAE’s OPEC exit, with implications for supply strategy, market volatility, and India’s import outlook.
Markets are losing momentum as rising oil prices and US-Iran tensions fuel fresh inflation worries. Investors are turning cautious, prioritising risk over growth in an increasingly uncertain global landscape.
As US-Iran negotiations advance, Trump signals Pakistan as a potential venue and cautions that the absence of a deal could see hostilities resume.
IMF sees India as a key growth driver even as global expansion weakens, with strong policy frameworks and domestic demand helping cushion external shocks and energy price pressures.
The price of Brent crude had fallen to around $87 per barrel on Wednesday following higher US inventories and the decline in Chinese demand due to a slowing economy.
Oil prices steadied after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East continued to rise, media reports said.
Oil prices jumped by 4 per cent on Monday on concerns that the situation in Israel and Gaza could disrupt output from the Middle East.
Oil prices have soared about 20 per cent since late June but they could go even higher this year if…
The attack on Pacific Zircon, which is owned by Idan Ofer and operated by the Singapore-based Eastern Pacific Shipping, sent Brent crude prices up 65 cents to $94, The Guardian reported. The Liberian-flagged tanker had departed from Sohar on Monday afternoon and was destined for Buenos Aires.
