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- February 6, 2015
Oil prices jumped more than $2 in early trading on Monday as Saudi Arabia boosted pricing for its oil sales in July, indicating how tight supply remains despite OPEC+ agreeing to increase output over the next two months. Brent oil futures were up $1.80, or 1.5 percent, at $121.52 a barrel at 2319 GMT, having
READ MOREAt next week’s scheduled monetary policy review, the Reserve Bank is projected to boost rates by 0.40 percent, according to a foreign brokerage. According to the report by Bofa Securities, the central bank’s rate-setting panel will follow it up with a 0.35 percent hike in rates at the next review in August or split it
READ MOREAs India prepares to host a conference of the 10-nation grouping’s foreign ministers next month, diplomatic sources said that the ASEAN’s attitude on engaging Myanmar at multilateral forums has been that it should be at a non-political level. According to the sources, India is unlikely to invite Myanmar’s foreign minister to the conference but might
READ MOREOn Friday, oil prices were hovering around a two-month high, with Brent crude on track for its greatest weekly gain in 1-1/2 months, boosted by the potential of an EU ban on Russian oil and the start of the summer driving season in the US. Brent crude futures for July fell 9 cents to $117.31
READ MOREPrime Minister Narendra Modi convened a ‘Pragati’ meeting on Wednesday, where he assessed eight projects totaling over Rs 59,900 crore and involving 14 states. Prime Minister Modi presided over the 40th edition of PRAGATI, an ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation that brings together the federal government and state governments. The Prime
READ MOREOil prices surged in early trade on Wednesday, buoyed by limited supplies and the expectation of increased demand as the US summer driving season approaches. By 0020 GMT, Brent crude futures had risen 46 cents, or 0.4 percent, to $114.02 per barrel. WTI crude futures for July delivery in the United States were up 58
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