Middle East tensions may attract speculative waves in crude oil prices

August 10, 2024

Oil prices declined amid global recession fears, though losses were limited by potential Middle Eastern supply disruptions and US inventory drawdowns. Weak economic data from the US, China, and Europe heightened concerns. Geopolitical tensions and OPEC Plus production policies further influenced the market, while reduced Chinese demand and refinery activity added to the fluctuations.

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Govt to tap AI for mapping supply chains and investment clusters

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India can regain 7% growth by FY28: Chief Economic Advisor V Anantha Nageswaran

India’s Chief Economic Advisor V Anantha Nageswaran stated the nation can achieve over 7% growth this fiscal year, driven by policy measures and structural reforms.

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