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OIL OUTPUT DECREASE
Charting the global economy: US spending rises, weather loomsUS consumer spending remains robust despite rising prices, though new home sales dipped. President Trump is scrutinizing gasoline costs. Eu...- Aluminum’s war shock blunted by dark transits and Chinese supplyThe Iran war triggered one of the biggest shocks to the global aluminum market, raising fears of widespread smelter shutdowns and prices su...
- Ukrainian attacks push Russian oil output 10% below target in May, IEA saysRecent Ukrainian assaults on Russian oil installations are severely curtailing production levels. Last month saw a notable decline in crude...
- As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...
- OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources saySeven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group m...
- Wars, recessions, political crises, market crashes. Warren Buffett’s advice on each of themWarren Buffett made a prediction in the mid-1990s he knew would come true: Berkshire Hathaway's future returns would fall short compared to...
- India’s textile output shrinks in March as Iran war fuels input costs, hitsIndia's textile production saw a significant drop in March. Key sectors like readymade garments and cotton goods faced challenges. Rising c...
- Increase in renewable energy curbs emissions growth in 2025, IEA saysGlobal emissions growth slowed in 2025. Solar power expansion in developing nations helped balance emissions increases in advanced economie...
- US manufacturing output dips in MarchIn March, American factories faced a surprising downturn after two months of robust growth, primarily fueled by declines in motor vehicle m...
- Vedanta aluminium, zinc production increases; output iron ore, steel, oil & gas down in Jan-MarVedanta Ltd reported a mixed financial quarter, with a 2% rise in aluminium production and a similar increase in Zinc India's mined metal o...
- Venezuela receives $300 million from US-backed oil salesVenezuela's government has received its first payment from a recent oil sale to the US. This marks a significant influx of dollars into the...
- OPEC oil output rises in July led by UAE and Saudi, survey findsOPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike wa...
- Kazakhstan's oil output down in early April, still above OPEC+ quota, source saysKazakhstan's oil output experienced a decrease in early April compared to the March average, primarily due to reduced production at the Ten...
- India’s core sector output increases by 4.3% in NovemberIndia's core sector output increased by 4.3% in November, driven by strong construction activity. Cement and steel production saw substanti...
- Shrinking global palm oil supplies bring India’s palm oil imports down; may boost prices, says SEAThe year-on-year import of vegetable oils in February 2024 is down by 13 %, whereas the overall imports of vegetable oils during the first ...
- Saudi Q4 GDP shrinks 4.3% y/y, official data showSaudi Arabia's real GDP contracted by 4.3% in Q4 as oil activity plummeted 16.2% due to crude output cuts. Real GDP for 2023 shrank 0.8% wi...
- Reduced refining capacity, sanctions force Russia to cut oil outputRussia plans additional oil supply cuts with production reductions and decreased exports amid curtailed refining capacity and stricter sanc...
- Fall in output flares up mentha oil futuresAssuming the price hits Galipelli’s target of Rs 1,300, the gross return (ex brokerage, transaction tax, etc) will be Rs 90,000 on a margin...
- Oil India’s oil and gas output dropped in Q1 due to bandhsCompany said it was all set to drill first well in Gabon next month as it had completed all infrastructural and contractual arrangements.
- Iran says extra OPEC oil unlikely to curb pricesOil prices are not rising because of a lack of crude in the market and so any increase in OPEC output is unlikely to help bring them down, ...
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