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As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMF projects deficits of $320 billion for Mideast oil exporters

IMF said economic growth in these countries bottomed out to around half a per cent in 2017.

31 Oct 2017 1:18 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

High crude prices hurting global growth: Modi to oil producers

The prime minister said crude oil prices at a four-year high was hurting global growth.

15 Oct 2018 5:49 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

Prices of energy commodities to rise by 20 pc this year: World Bank

Agricultural commodities, including food commodities and raw materials, are anticipated to see a price rise of over two...

25 April 2018 1:58 PM IST

A considerable part of Irans gas could be exported via the existing Turkmenistan-China gas pipeline and new oil pipelines can be constructed on the same route.

Oil-sensitive stocks dip

The country buys over two-thirds of its oil, mostly from the Middle East, making it most vulnerable to any rise in oil...

17 Sept 2019 1:22 AM IST

Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease. (AFP Photo)

Oil climbs as suppliers stick to output cuts, coronavirus lockdowns...

OPEC+ countries are set to meet again in early June to discuss maintaining their supply cuts to shore up prices

26 May 2020 8:42 AM IST

Oil prices ease on dim economic outlook despite signs of firmer demand. (AFP Photo)

Oil prices slip on dim economic outlook, despite improved demand

A bleak economic outlook from the U.S. Federal Reserve put downward pressure on oil prices

20 May 2020 9:16 AM IST

Oil prices fell in early Asian trading on Wednesday . (AFP Photo)

Oil falls amid concerns about second wave of virus, rise in...

Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a...

13 May 2020 8:29 AM IST

Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel. (AFP Photo)

Oil prices slide as US-China tensions offset virus hope

Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions

6 May 2020 8:42 AM IST

Oil prices fell for a second straight session on Monday as coronavirus cases rose. (AFP Photo)

Oil falls in second straight session as virus cools demand

Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to...

29 Jun 2020 8:50 AM IST

Oil prices nudged higher on Monday on tighter supplies from major producers. (AFP Photo)

Oil prices higher on tighter supply, but demand concerns resurface

Oil prices have also been supported by a recovery in fuel demand globally following a collapse in April-May during...

22 Jun 2020 8:58 AM IST

Oil prices slip as wary traders eye upcoming OPEC+ meeting. (AFP Photo)

Oil prices slip even after OPEC meeting advanced

Saudi Arabia is proposing to extend record cuts from May and June until the end of the year, but has yet to win support...

1 Jun 2020 9:11 AM IST

Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand. (AFP Photo)

Oil prices slip on demand worries as coronavirus cases rise

The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd...

30 July 2020 8:56 AM IST