OPEC OUTCOME

Indian shares kicked off Wednesday's trading session on a positive note, driven primarily by gains in IT stocks. The market anticipates the release of a crucial U.S. inflation report and the Federal Reserve's policy decision, both of which are likel...

Oil prices slipped on Monday due to a stronger dollar and delayed interest rate cuts following strong U.S. jobs data. Developments in Iraq, including progress in oil export talks with the Kurdistan region, impacted market sentiment.

The election outcome defies market and exit polls estimates. Focus shifts to government formation, analysis of the election verdict, and policy recalibration. Support for bottom-of-the-pyramid consumption likely for inclusive growth.

The 30-share BSE benchmark Sensex advanced 2,507 points or 3.4% to settle at 76,469. The broader NSE Nifty gained 733 points or 3.25% to end at 23,264. All major sectors settled in the green with financials climbing 4% to a record high, while public...

The OPEC+ cartel appears to be shifting away from its pursuit of $100-a-barrel oil, announcing a deal to gradually increase production through 2025. This move could lower oil prices and ease global inflation, impacting market dynamics and Saudi Arab...

As of 12:10 p.m. ET (1610 GMT), the Brent crude July contract increased by 99 cents, reaching $83.11 per barrel. The more actively traded August contract rose by $1.08 to $82.92. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures climbed $1...

The government is expected to stick to fiscal prudence in the interim budget, with a 5-10% increase in budget line item allocations. Confidence should be provided that fiscal deficit targets will be met, with reductions in food and fertilizer subsid...

For the UAE and COP28 president Sultan Al Jaber, also ADNOC's CEO, it was a chance to demonstrate that an oil and gas economy can deliver for the climate-constrained world. The UAE succeeded somewhat. Progress now depends on securing financing for e...

Members have agreed to this in principle and it now goes to a vote at the meeting, delegates said, asking not the be named because the information was private.

Further, the impact of the two ongoing wars - in Ukraine and Gaza - on energy security and prices, coupled with the pandemic-related economic setbacks, have made the transition to a low-carbon economy ever more challenging. In this backdrop, the dec...

U.S. West Texas Intermediate crude were down 33 cents from Wednesday's close, dropping to $76.77. There was no settlement for WTI on Thursday owing to a U.S. public holiday.

Brent crude futures gained 29 cents, or 0.4%, to $81.71 at 0213 GMT, after settling down 0.7% in the previous session.

The market capitalisation of all listed companies on BSE increased by Rs 1.21 lakh crore to Rs 317.87 lakh crore. ??From the Sensex pack, L&T, M&M, Titan, TCS, and Maruti closed in the green, while Power Grid, Nestle, NTPC, HCL Tech and Bajaj Financ...

"For too long, this industry has been viewed as part of the problem, that it's not doing enough and in some cases even blocking progress," said Sultan Al Jaber, the president-designate of the COP28 talks, who is also the head of UAE state-owned oil ...

Looking ahead, though a tight supply outlook offers support to oil prices in the immediate run, other catalysts like worries over the global growth outlook and a firm US currency likely to halt major gains. On the price side, US WTI crude has stiff ...

Saudi Arabia and Russia on Tuesday said they would extend voluntary oil cuts to the end of the year, despite a rally in the oil market and analyst expectations of tight supply in the fourth quarter

The Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil prices. In October 2022 and April this year, the production cartel decided to cut output of its member countrie...

In my view, increased global uncertainty, a stable currency in 2023, and the incomplete transmission of previous aggressive rate hikes likely prompted the MPC to take a brief pause in the rate hiking cycle.

The impact of rate cut was immediately seen in the bond yields, which softened across the tenures, Deepak Jasani, Head of Retail Research at HDFC Securities, pointed out. He, however, cautioned the investors against taking today’s rate pause action ...