Houthi Attack near Saudi border and the sentiment shift in the oil markets

The seemingly unprovoked attack by the Houthi rebels on a contingent of Bahraini soldiers, who had been guarding the southern border between Saudi Arabia and Yemen, appeared to have taken the entire Middle East by surprise. As a result, an officer and a soldier have died and there have been more cas…

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Will Saudi Arabia and Russia stick to their oil production cuts?

The price of crude oil that went up  by  nearly 10% in the last few days, remained just above $90 as the markets closed for the weekend. As the analysts blamed the rise in price of crude oil on the production cuts - announced and then extended until the end of this year - by Saudi Arabia and Russia, P…

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Diesel usage in India down for two successive months!

The sale of diesel in India, the world's third largest consumer of fossil fuel, has unexpectedly fallen in September, according to the latest data. The fall in sale of the commodity for the second successive month has been attributed to the low demand and heavy rains during the monsoon period by…

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Rising oil prices and the menace of inflation

The price of crude oil has been rising for the past few days with that of WTI going above $90 mark for the first time since November, last year. As of 18:00 GMT on Friday, the prices of two benchmarks, WTI and Brent were at $87.51 and $90.65 respectively. The price of oil went up when Saudi Arabia an…

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