Keywords: Oil prices


South African manufacturing confidence slips in June as demand weakens, Absa PMI shows

South Africa's manufacturing sector lost momentum in June as weaker customer demand led to a decline in new orders, according to the latest Absa Purchasing Managers' Index (PMI). While falling global oil prices helped improve expectations for the months ahead, overall business conditions in the......

Indian Rupee expected to stay weak despite RBI measures to boost Dollar inflows

The Indian rupee is expected to remain under pressure against the U.S. dollar over the coming months, despite recent policy measures by the Reserve Bank of India (RBI) aimed at attracting foreign capital and strengthening the country's external position. According to a Reuters survey of currency......

Canada stocks set for eighth straight quarterly gain as commodity trends and trade uncertainty shape Outlook

Canadian equity futures edged higher on Tuesday, pointing to a positive market open and setting the stage for what would be the eighth consecutive quarterly gain for Canada’s main stock benchmark, supported by commodities and easing geopolitical tensions. Futures on the S&P/TSX Composite Index......

ECB inflation concerns persist despite falling oil prices, policymakers warn

European Central Bank (ECB) policymakers have cautioned that inflationary pressures in the eurozone are likely to persist despite a recent decline in global oil prices, underscoring ongoing uncertainty about the trajectory of monetary policy in the region. Speaking at the ECB Forum in Sintra, Portugal......

IMF warns global economy remains vulnerable despite strategic oil reserve releases

The global economy continues to face significant downside risks despite the successful use of strategic oil reserves to limit recent spikes in energy prices, according to the International Monetary Fund's (IMF) Chief Economist, Pierre-Olivier Gourinchas. Speaking about the recent volatility in global......

100 days that shook global markets: how geopolitics reshaped the map of global wealth

Global financial markets have increasingly begun to shift not over years or even traditional economic cycles, but within a matter of weeks. A recent period of roughly one hundred days demonstrated how quickly geopolitical developments can redistribute wealth across sectors, particularly between defense,......

United States eases sanctions on Iranian oil sales following Switzerland talks

The United States has issued a temporary waiver allowing limited Iranian oil sales, marking a notable shift in sanctions policy following recent diplomatic discussions held in Switzerland. According to official statements, the U.S. Treasury Department authorized a 60-day general license permitting the......

Strait Of Hormuz Diplomacy Eases Oil Prices Amid US-Iran Dialogue

Global oil markets started the week on a more stable note after early volatility, as geopolitical developments between the United States and Iran helped ease concerns over potential disruptions in one of the world’s most critical energy corridors, the Strait of Hormuz. Crude oil prices initially......

How Depleted Global Oil Stocks Could Be Replenished Amid Rising Energy Security Concerns

Global oil markets are entering a new phase in which the focus is shifting from short-term price movements to long-term energy security and inventory rebuilding. Although recent geopolitical developments have eased crude prices, analysts warn that depleted global oil stocks could take years to fully......