Washington: The US Federal Reserve has indicated that the interest rate hike would continue to counter inflation for some time. This claim has caused the US Dollar value to jump compared to other currency rates. The Dollar has reached a 20-year-record hike in the Asian markets. The rise in the value of the US Dollar […]
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Washington: Rising inflation, reduction in government expenses and the increasing trade deficit has triggered a decline of one and a half per cent in the US economy. By the end of 2021, a growth of 6.9% was recorded in the US economy. Against this background, this decline comes as a shock. A few days ago, […]
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Washington: If the Chinese government intends to make its currency Yuan the global reserves currency, they have to implement more reforms. The International Monetary Fund (IMF) advised that China will have to lift restrictions on the capital marketplace and decide to make the currency fully convertible. Gita Gopinath, the Chief Economist at the IMF, gave […]
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Paris/Washington: The European thinktank OECD has warned that the Russia-Ukraine war will jolt the global economy. There has been a significant increase in the rates for food grain, oil and other raw materials and inflation has flared up. The European think tanks warned that this would impact the global economy. This will result in a […]
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London/New York – The problems faced by the OPEC member countries in oil production and the harsh winter in the United States has caused the crude oil rates to spurt once again. Prices of Brent crude and the US WTI crude have reached $93 per barrel. Analysts have warned that the crude oil rates will […]
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Dubai/London – The tension increasing between Russia-Ukraine and the Middle East and the central Asian regions has caused the crude oil rates to peak at $90 per barrel. Before this, a rate of $90 per barrel of crude oil was seen in October 2014. As the demand for crude oil has been increasing for the […]
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Washington/Dubai: – US President Joe Biden has decided to open the Strategic Petroleum Reserves to bring down the fuel prices in the country. Along with the United States, China, Japan, Great Britain, South Korea and India will also open up some of their reserves. Fuel prices in the international market have been steadily rising for […]
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Washington / Riyadh – The decision to maintain the fuel supply limit was taken at a recent meeting of the OPEC and OPEC Plus groups of fuel-producing countries. As a result, crude oil prices have continued to rise; they have crossed the $80 per barrel mark in the international market. On Friday, the crude oil […]
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Doha – The CEOs of renowned international oil companies have claimed that the crude oil rates would increase to the level of more than USD 100 per barrel. The senior officers said that this rise would be because of the reduced flow of investment in the sector. It is claimed that the oil companies have […]
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New York: Oil rates in the international market have plummeted to $27 per barrel. The oil-producing countries have taken a major hit, as the rates have gone to the lowest level since 2003. Coronavirus has brought the global economy to a standstill and there is no possibility of the oil demand increasing in the near […]
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