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Trump's 50% Tariffs Unlikely To Significantly Impact India's Growth: Analysts
As the deadline for US secondary tariffs of 25 per cent falls this week over Russian oil purchase, analysts say that a total of 50 per cent tariff is unlikely to significantly impact India's growth due to a robust domestic demand.
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Chinese Refiners Sweep Up Russian Oil After Indian Demand Falls: Analysts
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said on Tuesday.
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Opinion | These Are The Sectors That Will Be Most Hit By Trump's 50% Tariffs
Thanks to Trump's tariffs, analysts have flagged a cumulative downside of 60 basis points to India's real GDP growth, 0.3 percentage points from the April round and another 0.3 percentage points from the August escalation.
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OPEC+ To Hike Petrol Output To 548,000 Barrels Per Day In August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance said they would further increase oil output in August to 548,000 barrels per day.
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US Urges China To Keep Iran From Shutting Strait Of Hormuz, A Key Trade Route
Analysts have said Iran may opt to retaliate to Washington's early Sunday attack by shutting the Strait, a waterway through which one-fifth of global oil output passes.
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Oil Prices Surge Amid Fears of Iran-Israel Escalation
Oil prices risk rocketing further should crude supplies become disrupted from a widening Middle East conflict after Israel struck military and nuclear facilities in Iran, analysts said Friday.
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Global Oil Prices Likely To Rise Amid Iran-Israel Conflict
Oil prices, which hit a six-month high on Friday, are expected to rise on Monday after Iran's attack on Israel over the weekend, analysts said, but further gains may depend on how Israel chooses to respond.
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India Gorges On Cheap Russian Crude, But Its Fuel Exports At Risk: Russell
Imports of Russian crude by India hit a record high in May, and will likely rise again in June, according to data compiled by commodity analysts Kpler.
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Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
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Oil Drops 2% Amid Russia-Ukraine Peace Talks, China Lockdowns
Lockdowns have dampened consumption of transportation fuels in China to a point where some independent refiners are trying to resell crude purchased for delivery over the next two months, traders and analysts said.
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India's October Retail Inflation Accelerates To 4.48% YoY
India's annual retail inflation rose to 4.48% in October compared with 4.35% in the previous month, government data released on Friday showed. Analysts in a Reuters poll had predicted annual inflation at 4.32%.
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Oil Rallies To $73 On Tight U.S. Supplies, Biden-Xi Call
Oil and equity markets also got a boost from news of a call between U.S. President Joe Biden and his Chinese counterpart Xi Jinping. The call raised hopes for warmer relations and more global trade, analysts said.
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Oil Prices Drop, But On Track For Steep Weekly Gain
Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.
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Oil Climbs Nearly 2% As Travel Seen Rising
Prices are being supported by the prospect of a pick-up in fuel demand as New York state, New Jersey and Connecticut look to ease pandemic curbs and the EU plans to open up to foreign visitors who have been vaccinated, analysts said.
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Middle East Share Of India's Oil Imports Hits Two-Year High In July
Middle Eastern oil accounted for 71.5% of India's oil imports in July, its highest share in 26 months, while imports from Africa fell to 5%, the lowest in at least 14 years, data from trade sources showed on Friday. Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African ...
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Trump's 50% Tariffs Unlikely To Significantly Impact India's Growth: Analysts
As the deadline for US secondary tariffs of 25 per cent falls this week over Russian oil purchase, analysts say that a total of 50 per cent tariff is unlikely to significantly impact India's growth due to a robust domestic demand.
-
Chinese Refiners Sweep Up Russian Oil After Indian Demand Falls: Analysts
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said on Tuesday.
-
Opinion | These Are The Sectors That Will Be Most Hit By Trump's 50% Tariffs
Thanks to Trump's tariffs, analysts have flagged a cumulative downside of 60 basis points to India's real GDP growth, 0.3 percentage points from the April round and another 0.3 percentage points from the August escalation.
-
OPEC+ To Hike Petrol Output To 548,000 Barrels Per Day In August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance said they would further increase oil output in August to 548,000 barrels per day.
-
US Urges China To Keep Iran From Shutting Strait Of Hormuz, A Key Trade Route
Analysts have said Iran may opt to retaliate to Washington's early Sunday attack by shutting the Strait, a waterway through which one-fifth of global oil output passes.
-
Oil Prices Surge Amid Fears of Iran-Israel Escalation
Oil prices risk rocketing further should crude supplies become disrupted from a widening Middle East conflict after Israel struck military and nuclear facilities in Iran, analysts said Friday.
-
Global Oil Prices Likely To Rise Amid Iran-Israel Conflict
Oil prices, which hit a six-month high on Friday, are expected to rise on Monday after Iran's attack on Israel over the weekend, analysts said, but further gains may depend on how Israel chooses to respond.
-
India Gorges On Cheap Russian Crude, But Its Fuel Exports At Risk: Russell
Imports of Russian crude by India hit a record high in May, and will likely rise again in June, according to data compiled by commodity analysts Kpler.
-
Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
-
Oil Drops 2% Amid Russia-Ukraine Peace Talks, China Lockdowns
Lockdowns have dampened consumption of transportation fuels in China to a point where some independent refiners are trying to resell crude purchased for delivery over the next two months, traders and analysts said.
-
India's October Retail Inflation Accelerates To 4.48% YoY
India's annual retail inflation rose to 4.48% in October compared with 4.35% in the previous month, government data released on Friday showed. Analysts in a Reuters poll had predicted annual inflation at 4.32%.
-
Oil Rallies To $73 On Tight U.S. Supplies, Biden-Xi Call
Oil and equity markets also got a boost from news of a call between U.S. President Joe Biden and his Chinese counterpart Xi Jinping. The call raised hopes for warmer relations and more global trade, analysts said.
-
Oil Prices Drop, But On Track For Steep Weekly Gain
Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.
-
Oil Climbs Nearly 2% As Travel Seen Rising
Prices are being supported by the prospect of a pick-up in fuel demand as New York state, New Jersey and Connecticut look to ease pandemic curbs and the EU plans to open up to foreign visitors who have been vaccinated, analysts said.
-
Middle East Share Of India's Oil Imports Hits Two-Year High In July
Middle Eastern oil accounted for 71.5% of India's oil imports in July, its highest share in 26 months, while imports from Africa fell to 5%, the lowest in at least 14 years, data from trade sources showed on Friday. Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African ...
