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OIL SUPPLY CUTS
Ethanol transition can shift to "Transport Energy Backbone" to shield India from oil shocks: KPMGIndia's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuatin...- IMF cuts eurozone growth forecasts again on energy inflation risksThe International Monetary Fund has issued a stark warning. The ongoing Middle East conflict is impacting eurozone growth more than previou...
- PL Capital cuts Nifty target to 26,449, lists 16 high conviction stock picksAmidst global market turmoil from the Iran-US war and El Nino, PL Capital lowered its Nifty 50 target to 26,449. The brokerage anticipates ...
- World Bank Raises India's FY27 Growth Forecast to 6.6%India's economic growth forecast for FY27 has been raised to 6.6 percent by the World Bank. This positive outlook is driven by reduced US t...
- World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran warGlobal economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices ...
- ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflationThe European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This mo...
- OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...
- China's imports of major commodities show price remains key driverChina's May commodity trade reveals price is key to its resource imports. Crude oil imports hit an eight-year low due to high prices. Coppe...
- Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...
- Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economyFitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow eco...
- Indian economy, government finances, see mounting costs from Iran warIndia's economy, once humming with benign inflation and steady growth, now faces mounting costs from the Iran war. As a major oil importer,...
- Petrol, Diesel Price today: Check fuel rates in Delhi, Mumbai, Lucknow, Bhubaneswar and other citiesToday Petrol, Diesel Price June 9: Fuel prices in India remain at their highest since May 2022, with petrol and diesel seeing cumulative hi...
- LPG Price Today June 9: Check domestic gas cylinder rate in Delhi, Mumbai, Faridabad, and other cities as govt cuts PMUY subsidy quotaLPG Gas Price Today: Domestic LPG cylinder prices have risen by ₹29. The government has also cut the annual subsidised cooking gas cylinder...
- Govt cuts subsidised LPG cylinders to Ujjwala beneficiaries to 4The government has cut the annual subsidised cooking gas cylinders for Ujjwala scheme beneficiaries to four. This move aligns support with ...
- India Inc hikes prices, shrinks packs as Iran war squeezes marginsIndian businesses face mounting pressure from soaring oil, freight, and insurance costs. Companies are increasing prices and reducing produ...
- India’s consumer demand remains resilient despite Iran war, inflation pressures; FMCG firms stay cautiously optimisticDespite geopolitical turmoil and inflation, domestic consumption of essentials and personal care products remains resilient. Company execut...
- 7 OPEC+ nations announce second straight 188,000 bpd output increase for JulySeven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This ...
- OPEC+ set for fourth oil quota hike since Hormuz closure, sources sayOPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...
- RBI worries higher energy costs could fuel inflation, slow growthRBI MPC Meeting 2026 Crude Oil Price Impact on Inflation: India's headline inflation may rise by 36 basis points due to higher petrol and d...
- RBI GDP growth 2026-27: Forecast cut to 6.6% as oil, war and subpar monsoon risks mountRBI GDP Growth 2026-27: The Reserve Bank of India has reduced its economic growth forecast for FY27 to 6.6 percent. This adjustment comes a...
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