Analysts and market participants expect the US central bank to pause interest rate hikes to observe the economic impact of 10 interest rate increases announced since March 2022.
3 min read14 Jun 2023Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a June 16 expiry, was last trading higher by 0.77 per cent at ₹5,612 per bbl.
2 min read13 Jun 2023Ahead of US Fed decision on June 14, check key triggers for the oil markets this week
1 min read12 Jun 2023On the Multi Commodity Exchange (MCX), crude oil futures due for a June 16 expiry, was last trading lower by 2.61 per cent at ₹5,672 per bbl.
3 min read12 Jun 2023At the OPEC meeting last week, Saudi Arabia announced a unilateral cut of one million barrels a day for the month of July.
1 min read11 Jun 2023Oil prices had risen earlier in the week, due to Saudi Arabia's pledge to cut more output on top of the cuts agreed earlier with the Organization of the Petroleum Exporting Countries and its allies or OPEC+.
2 min read10 Jun 2023On the Multi Commodity Exchange (MCX), crude oil futures due for a June 16 expiry, was last trading higher by 0.99 per cent at ₹5,998 per bbl.
2 min read7 Jun 2023Brent crude had gained as much as $2.60 per barrel on Monday and WTI as much as $3.30 after Saudi Arabia, the world's top exporter, announced on June 4 that its output would drop by 1 million barrels per day (bpd) to 9 million bpd in July.
3 min read6 Jun 2023‘This voluntary cut will be from the required production level, as agreed upon at the thirty-fifth ministerial meeting of OPEC Plus on June 4, 2023,’ Novak added.
1 min read4 Jun 2023OPEC+ reached a deal on output policy after seven hours of talks and decided to reduce overall production targets from 2024 by a further total of 1.4 million barrels per day.
2 min read4 Jun 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared