Category : Search result: OPEC supply surplus


Ahmedabad's Rs 140 Cr Garden Tenders Halted by AMC

Ahmedabad Municipal Corporation pauses Rs 140 crore garden tenders after objections, delaying tractor-trolley and labour supply services. Get the latest updates on this civic development.

IEA: Low Crude Oil Prices to Continue Till 2026

The International Energy Agency forecasts a prolonged period of low crude oil prices due to a significant supply surplus and slowing demand growth. Discover the key factors and global implications.

Chandigarh scraps Rs 1,700 crore French water project

Chandigarh's Municipal Corporation has unanimously abandoned the ambitious French-funded 24x7 water supply scheme. Councillors cite failed pilot, public disinterest, and political risks. Read the full story.

Oil Set for Deepest Annual Loss Since Pandemic, Down 20%

Crude oil prices are on track for their steepest annual decline since 2020, with a 20% drop this year. Key factors include a looming surplus, OPEC's upcoming meeting, and geopolitical tensions. Read the full analysis.

India's Oil Import Bill Falls 12% as Crude Prices Dip

India's oil import bill fell 12% to $80.9 billion in Apr-Nov FY26 despite higher volumes, as global crude prices averaged $67.6/barrel. Net oil & gas imports also declined over 12%. Read the full analysis.

Oil Gains on Venezuela Blockade, Nigeria Strike

Crude oil heads for its biggest weekly gain since October, driven by US actions against Venezuela's oil shipments and a military strike in Nigeria. WTI holds above $58. Read the full analysis.

Coimbatore streets flooded after major pipeline bursts

A major feeder pipeline burst in Coimbatore's Saravanampatti, flooding streets with drinking water. Officials aim to repair the damaged Pillur scheme II line by Friday evening. Read for details and impact on North zone supply.

UAE's Overproduction Threatens OPEC's Future

The UAE is reportedly flouting OPEC+ quotas, producing up to 3.4 million barrels daily. This internal conflict could unravel the 65-year-old oil cartel. Read the full analysis.

China's November Economic Data Shows Broad Weakness

China's economic recovery falters as retail sales growth plunges to 1.3% in November, the weakest since 2022. Industrial output slows, property crisis deepens, and global trade headwinds rise. Analysis inside.

China Shock 2.0: India's Manufacturing Challenge

A new wave of Chinese exports in EVs, solar panels, and chips threatens global jobs. Can India's manufacturing rise be the counterweight? Explore the data and India's pivotal role.

Liquidity Surplus Vital for Rate Cuts, Soothing Bond Yields

With inflation at record lows and strong GDP growth, the RBI faces a complex rate decision. Experts say sustained liquidity support is crucial for effective policy transmission and stabilizing bond markets. Read the analysis.

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