During the first half of calender year 2021, commodities were the top performers

Commodities rallied 21 per cent in the first half of 2021, making them the top performing asset group ahead of U.S., European, emerging market and non-Japan Asian stocks. The broad-based index of energy, agriculture, industrial metals and precious metals rose the same amount as high-flying Bitcoin, which pulled back after hitting its all-time high of […]

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IEA warns of another oil price war soon

The oil market has been on edge for a while now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said, adding that the current impasse is also threatening to derail the global economic recovery. In June, global oil demand is estimated to have jumped by as […]

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High oil prices pose a debacle to global economic recovery, particularly in emerging markets

Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in global economic recovery from the pandemic.  Most experts argue that inflationary pressure is no doubt rising in developing economies, which are more sensitive than developed markets to […]

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Crude falls, but no respite for fuel prices in India; petrol price in Mumbai cross Rs 107 a litre mark

On Friday, 16 July, crude oil prices headed for their biggest weekly drop since May this year as expectations of more supplies spooked investors. In India, however, the price of petrol and diesel touched record highs. Mumbai’s petrol cost is the highest across metro cities, standing at a staggering Rs 107.54 per litre. Diesel in the […]

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India’s Reliance Industries to appoint Aramco chairman as director on its board

India’s Reliance Industries Ltd. will appoint Yasir Othman Al-Rumayyan, the chairman of Saudi Aramco, to its board in what could possibly be seen as a precursor to an investment deal between the two big energy companies. Al-Rumayyan, who is also the governor of the kingdom’s sovereign wealth fund, will join Reliance as an independent director, Chairman Mukesh Ambani, India’s […]

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