ECB: Eurozone outlook dims with lower spending forecasts
The European Central Bank’s (ECB) reported on Friday a decline in expectations for nominal income and spending…
Consumer inflation drop to 4.1% in July – ECB
The European Central Bank’s (ECB) reported a noticeable decline in consumers’ perceptions of inflation over the…
UK energy bills to rise 10% this winter – Ofgem
British households will face higher gas and electricity bills this winter after Ofgem, the energy regulator,…
Fed Chair hints at possible rate cuts
The US Federal Reserve Chair Jerome Powell on Friday morning (ET) signaled that the Federal Reserve might lower…
India overtakes China as top importer of Russian oil in July
India replaced China as the world’s largest importer of Russian oil in July, with Russian crude accounting for a…
Middle East refining expansion poised to transform global petroleum trade – EIA
The Middle East is set to significantly alter global petroleum trade dynamics with an expected increase in refining…
Egypt PM emphasises state commitment to petroleum, energy sector
Egyptian Prime minister Moustafa Madbouly on Thursday reaffirmed the government's dedication to the petroleum and…
India’s liquid fuel consumption sees 26% climb by ’28 – EIA
India's liquid fuel consumption is projected to increase by 26 per cent, reaching 6.6 million barrels per day (bpd)…
US unemployment claims rise slightly
The number of US initial unemployment claims increased slightly for the week ending August 17, according to the…
EIA predicts continued OPEC+ oil production cuts through ’28
The US Energy Information Administration (EIA) has forecast that the Organisation of the Petroleum Exporting…
