The minimum investment ticket size of the fund will be ₹50 lakh, and the firm is targeting to raise ₹1,000 crore from this portfolio
The US and China agreed to slash steep tariffs for at least 90 days, sending Wall Street stocks, the US dollar and crude prices sharply higher
Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday. The IMF's regional outlook report for the MENA region (Middle East and North Africa) said Brent crude oil prices which are down from highs above USD 120 a barrel in 2022 are likely to be USD 65 to USD 69 per barrel in 2025 and 2026, making energy-exporting economies vulnerable to market fluctuations. Tariff plans by the US and other countries and geopolitical tensions also have created mounting economic uncertainty globally that is weighing down on the region's economies, which could negatively impact their growth by anywhere from 2 per cent to 4.5 per cent, said Jihad Azour, director for Middle East and Central Asia at the IMF. Therefore countries need to react and need to devise policies in order to protect their ...
Oil has dropped 20% to a four-year low since Trump took office-but that still doesn't make it a bargain
Brent is set to fall 4 per cent this week, adding to an 11 per cent drop in the prior week, while WTI is set to decline 3.8 per cent
On the institutional activity front, FIIs net sold shares worth ₹4,994.24 crore, while DIIs net bought equities of ₹3,097.24 crore, on April 8.
India may run a $36 billion trade surplus with the US but incurs a trade deficit in energy, according to the Indian government data
Russian President Vladimir Putin agreed on Tuesday to stop attacking Ukrainian energy facilities but stopped short of endorsing a full 30-day ceasefire that Trump hoped for
Oil prices, however, pared back some gains after Trump said he had instructed his commerce secretary to add an additional 25 per cent tariff on all steel and aluminum imports from Canada
Brent futures fell $1.61, or 2.25 per cent, to $73.17 a barrel by 10:34 a.m. EST (1534 GMT), while U.S. West Texas Intermediate (WTI) crude fell $1.60, or 2.3 per cent, to $69.10
Brent futures were up 13 cents, or 0.2 per cent, at $74.56 barrel by 1103 GMT while US West Texas Intermediate crude futures added 11 cents, or 0.2 per cent, to $70.51
Chevron's plan to cut as much as a fifth of its workforce - about 8,000 people - comes after oil prices traded in the $70-80 per barrel range for most of the past year
Oil price today: Crude oil prices clocked the biggest intraday rally in four months on Monday, driven on the news of 10 per cent tariffs imposed by Whitehouse on Canadian crude oil and products
Trump will include a process for Canada and Mexico to seek specific exemptions for certain imports, adding that new tariffs would become effective on March 1
Investors are also looking ahead to a ministerial meeting by the Organization of the Petroleum Exporting Countries and its allies, together called Opec+, scheduled for Feb 3
Brent crude oil futures were up by 35 cents, or 0.45 per cent, to $77.43 per barrel by 0930 GMT. US West Texas Intermediate crude futures were up 30 cents, or 0.41 per cent, to $73.47
Opec and its allies including Russia have yet to react to Trump's call, with Opec+ delegates pointing to a plan already in place to start raising oil output from April
oil market is expected to be oversupplied this year, after weak economic activity and energy transition efforts weighed heavily on demand in top-consuming nations the United States and China
Brent crude futures fell 6 cents to $74.11 a barrel by 0111 GMT while the more active March contract was at $73.73 a barrel, down 6 cents
However, a stronger US dollar capped oil price gains. The US currency has been boosted by expectations that the incoming Donald Trump administration's policies will boost growth and lift inflation