Highlights: IOC, Reliance push up crude run rates sharply higher Runs set to average 5 mil b/d in Aug-Dec: Platts Analytics April-June GDP growth shows impact on economy minimal: CRISIL Indian refiners are increasingly boosting run rates amid new-found confidence…
Continue ReadingOil prices fell, during trading today, Friday, amid anticipation of the monthly jobs report in the United States of America. And oil prices rose 2%, and record crude exceeded the barrier of $ 73 a barrel, at the close of…
Continue ReadingEuropean stocks edged higher on Thursday supported by oil and chemical companies, while doubts over monetary policy outlook and signs of slowing global growth limited gains across the board. The pan-European STOXX 600 index .STOXX was up 0.1% by 0713…
Continue ReadingThe market is opening European trading in a more upbeat attitude, as the recent rally in stocks has prompted more risk-on trading in FX, with commodities currencies pulling marginally ahead on the day. The previous smaller ranges are continuing to…
Continue ReadingDue to rising worries about the strength of demand, Opec+ will decide on 1 September whether to proceed with a quota increase of 400,000 b/d for October. Each month from August through April, Opec+ has the option of approving or…
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