India’s crude import bill rose by 2.9% during the first eleven months of FY25, reaching $124.7 billion compared to $121.2 billion in the same period of FY24, according to data from the Petroleum ...

Story continues below this ad India’s heavy reliance on imported crude oil makes its economy vulnerable to global oil price fluctuations. This also impacts the country’s trade deficit, foreign ...

calculate your total trading profits, subtract eligible expenses, and apply the highest marginal tax rate to the difference I Avoid Tax on Crude Oil Trading? It is illegal in Canada not to declare ...

The LPRs have been unchanged for five consecutive months, indicating that policymakers have gained greater confidence in economic growth and believe that the current interest rate level provides ...

The U.S. Energy Information Administration on Wednesday forecast that Alaska's annual crude oil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002. The ...

Brent Crude prices are experiencing volatility due to conflicting factors: increased US crude inventories but decreased fuel supplies, new US sanctions on Iran, and potential US tariffs.

Macro-economic data Global economic news was mixed for crude prices. On the positive side, the US Fed held rates steady, lowered growth projections, raised inflation targets, and increased ...

the Treasury market boosted its bets on lower rates because of the uncertainty that he highlighted. Still, crude remains markedly below its mid-January peak, as bearish factors pressures prices.

Ewan Palmer is a Newsweek News Reporter based in London, U.K. His focus is reporting on US politics, and Florida news. He joined Newsweek in February 2018 after spending several years working at ...

Should prices rise too slowly (like in the 2010s), the Fed will lower rates to spur economic growth. The theory is that lower rates incentivize more economic activity because banks are more likely ...

Federal Reserve Chair Jerome Powell said the central bank would leave its benchmark interest rate unchanged ... a nasty mix of faltering economic growth, rising inflation and President Trump ...

the Fed's outlook forecasts growth at 1.7 per cent this year and just 1.8 per cent in both 2026 and 2027, with the unemployment rate at 4.4 per cent this year and 4.3 per cent in 2026 and 2027. That ...