Met US president-elect Donald Trump to discuss his plans IFM Correspondent January 12, 2017: During his electoral campaign, Donald Trump often targeted China, blaming the country for US job losses and vowing to impose 45 percent tariff on Chinese imports. He also promised to call China a currency manipulator on his first day in office....
Will wait ‘for some further evidence of continued progress toward its objectives’ IFM Correspondent November 3, 2016: The Federal Reserve on November 2 hinted at hiking interest rates in December. For now, officials voted to keep rates unchanged following a meeting in Washington. They emphasised that the pace of rate hikes will depend on evolution...
“Market fundamentals, in terms of supply and demand, have begun to improve” IFM Correspondent October 26, 2016: Speaking at the World Energy Congress in Istanbul, Turkey, Saudi Arabia’s Energy Minister Khalid al-Falih said that as market fundamentals improve, the current down cycle of crude prices is close to an end. Oil prices are currently hovering...
Interest rates unchanged following the September meeting Ken Taubes September 26, 2016: As expected, the Federal Reserve Board left interest rates unchanged following the September meeting of the Federal Open Market Committee (FOMC). In its statement following the meeting, the FOMC said, “The Committee judges that the case for an increase in the federal funds...
Experts do not expect a major impact on oil price IFM Correspondent August 17, 2016: The past week saw OPEC announcing plans for an informal meet at the International Energy Forum in late September. The announcement comes at a time when Saudi Arabia is pumping a record amount of oil and Iran is resuming production...
Experts say the quantum of price increase is not difficult to absorb IFM Correspondent May 27, 2016: After hovering around $30 per barrel for close to five months, oil price is finally heading northwards. The price touched $50 a barrel — around 70 per cent up on its February low. It is a rapid climb,...