E-PaperUs Inventories News
Oil watchers see $70 a barrel in 2019 as recession fears fade
Despite plans by OPEC and its allies to limit production next year to prevent a glut from forming, oil's fortunes have increasingly been driven by moves in financial assets and concerns about the global economy
3 min read28 Dec 2018Oil prices near 15-month low on signs of surplus and economic concerns
Oil prices trade near its lowest closing level in 15 months in New York as fears over slowing global economic growth compounded concerns that markets face a supply glut in 2019
2 min read19 Dec 2018Oil dips as US crude stockpiles swell; possible OPEC cuts prevent bigger slide
Weak Asian markets as investors fret about slowing global growth in the face of rising US interest rates and trade tensions, also weighed on crude markets
2 min read22 Nov 2018Oil prices steady as industry data shows unexpected drop in inventories
Oil pries hold gains after an industry report showed an unexpected drop in American crude stockpiles, while traders continue to assess simmering tensions between the U.S. and Saudi Arabia over a missing journalist
3 min read17 Oct 2018Oil prices fall as traders worried over Opec assess growing stockpiles
Oil prices fall below $66 a barrel as an industry report showing US stockpiles expanded raised concern among investors who are already worried Opec may soon end output cuts
2 min read13 Jun 2018Oil prices dip on rising US crude inventories, record production
Oil prices fall, weighed down by swelling US crude inventories and record weekly US production that undermined efforts by Opec to cut supplies
2 min read3 May 2018Oil prices rise amid risk of supply disruptions
Oil prices rise amid worries there could be a high risk of disruptions to supply, including conflict in the Middle East, renewed US sanctions against Iran and crisis in Venezuela
2 min read17 Apr 2018Oil prices get a boost as rising geopolitical risks offset shale fears
Brent for June settlement gains 19 cents to $72.25 a barrel over escalating geopolitical risks in the Middle East, countering concerns over rising US crude stockpiles
2 min read12 Apr 2018Oil prices rise by more than 1% on hopes US trade spat with China may ease
Brent crude futures are up 1.4% at $69.62 per barrel on hopes a trade dispute between US and China may be resolved without greater damage to the global economy
2 min read10 Apr 2018Oil prices hit highest since 2014, but analysts warn of overheated market
Oil prices hit their highest levels since 2014 due to ongoing production cuts led by Opec as well as healthy demand, although analysts warned that markets may be overheating
2 min read10 Jan 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared