Ukraine war, Iran nuclear deal hitch to keep oil prices up

Business

Ukraine war, Iran nuclear deal hitch to keep oil prices up

Citing the fallout from the Russia-Ukraine conflict, analysts from two international banks — Citi and Barclays — have raised their oil price forecasts while the US Energy Information Administration’s (EIA) latest short-term energy outlook projects that the Brent spot price would average $107.37 per barrel this year and $97.24 per barrel in 2023

Business2 weeks ago

RBI hikes rate to tame inflation

Business

RBI hikes rate to tame inflation

Reserve Bank of India Governor Shaktikanta Das said the decision to raise the policy repo rate to 4.9 per cent from 4.4 per cent, was aimed at curbing price increases and mitigating the impact of geopolitical tensions, like the war in Ukraine

Business3 weeks ago