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Global oil output cuts held hostage to Mexican standoff

Global oil output cuts held hostage to Mexican standoff

By Ritu, Capital Sands Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a collective cut in output of 10 million barrels per day, before asking other nations for a

RBI says coronavirus has 'drastically altered' India's growth outlook

RBI says coronavirus has ‘drastically altered’ India’s growth outlook

By Ritu, Capital Sands The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth. “Prior to the outbreak of COVID-19, the

Trump unveils three-stage process for states to end coronavirus shutdown

Trump thanks India for decision on anti-malaria drug

By Administrator_India Capital Sands President Donald Trump on Wednesday thanked India for its decision to increase exports of the anti-malaria drug hydroxychloroquine, an unproven treatment that Trump has promoted in the fight against the novel coronavirus. India said on Tuesday it will allow some exports

UK construction activity falls in March at fastest rate since 2009

UK construction activity falls in March at fastest rate since 2009

By Ritu, Capital Sands Britain’s construction sector saw the sharpest fall in activity since the financial crisis last month, a survey showed on Monday, despite facing much less pressure than other industries to shut down operations due to the coronavirus. The figures from financial data

Global oil output cuts held hostage to Mexican standoff

Oil drops over $1 on oversupply after OPEC+ delays meeting

By Administrator_India Capital Sands Oil prices slipped more than $1 a barrel on Monday, after the world’s top producers delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand. Brent crude slipped close to