Search Results for: OPEC

US Dollar, currencies, Euro, Yuan, Yen, Asian shares

Asian shares rise as US interest rates ease, China steps up yuan defence

The dollar extended losses on Thursday as China stepped up efforts to support the yuan.

Jan 6, 2017

Oil prices rise as hopes soar over OPEC-non-OPEC deal to slash production

The deal, which was agreed on in November to reduce output by almost 1.8 million barrels daily, officially came into force on Jan 1

Jan 3, 2017

News Roundup: PM Modi launches Aadhaar-based app, Russian bank clears debts of crash victims, 2016 at a glance and more

Also read about North Korea developing radioactive bomb drone and Pune bakery fire.

Dec 30, 2016

india, major events of 2016, pm modi, donald trump, rahul gandhi, demonetisation, rbi

2016 at a glance: PM Modi overshadows Brexit, Opec deal, Raghuram Rajan's exit

The first half of 2016 was lacklustre, but the final months witnessed PM Modi's demonetisation,long queues and push for digital economy.

Dec 30, 2016

US shale oil industry gets a major boost after largest deposit found in Permian Basin

The deposit, estimated to be worth $900 billion, brings good news for the oil mining industries in the area, but can have ecological implications.

Dec 28, 2016

saudi arabia, budget 2017, opec, oil prices, india, indian expats in saudi arabia, gcc

Saudi Arabia budget: Here is why 3 million Indians living there should worry

Budget 2017 envisages levying fees on expats and companies employing them; revenues set to rise for Saudi Arabia, thanks to OPEC decision.

Dec 28, 2016

Oil gains post-Christmas ahead of OPEC, non-OPEC cuts

Oil has been supported in the past several weeks as the OPEC and non-OPEC members have agreed to lower output.

Dec 27, 2016

Oil prices fall on profit taking, strong dollar

A strong dollar makes greenback-denominated commodities, including oil, more expensive for holders of other currencies.

Dec 23, 2016

Budget 2017: As oil prices rise on a slippery path, beware of a dead cat bounce

A supply glut and changing world demographics will act as sufficient ingredients for volatile or direction-less oil prices in 2017.

Dec 22, 2016

Oil prices rise in anticipation of tighter 2017 market

Traders said the higher prices in front-month crude futures were due to expectations of a tighter market.

Dec 19, 2016

budget 2017, fieo wish list, pm modi, india exports

India: Gold imports rise 23%; exports increase 2.2% in November

The increase in gold imports in demonetisation-hit November pushed up trade deficit to $13 billion.

Dec 15, 2016

Brent crude oil prices firm as Abu Dhabi cuts exports

The firmer Brent prices came after oil markets shot to mid-2015 highs earlier this week after the OPEC deal.

Dec 13, 2016

crude oil price opec non opec output cut price globally brent crude petrol diesel modi govt demonetisation inflation

Crude oil prices, demonetisation likely to dampen Christmas celebrations for Indians

OPEC and non-OPEC members agree to limit crude oil output, lifting prices; petrol, diesel prices are poised to rise in India.

Dec 12, 2016

BSE Sensex oil india bonus issue results q2 grm price bpcl hpcl iocl price oil import

Domestic equities fall on soaring oil price, Trump comments

The 50-share index fell more than one percent with IT, banking and oil and gas stocks dragging the index.