energy prices

The 23-member OPEC+ alliance agreed Thursday to increase oil output amid soaring energy prices.  What do we know so far? The oil cartel announced it would raise production by 648,000 barrels per day in July and August to ease the burden on…

NEW DELHI: President Joe Biden and Prime Minister Narendra Modi discussed efforts to combat the rise in energy and food prices caused by Russia’s invasion of Ukraine, according to the White House. In a statement following the leaders’…

<!-- -->RBI may be forced to hike rate sooner after latest inflation spikeThe Reserve Bank of India may be forced to act faster on policy tightening after data showed retail inflation spiked sharply to nearly 7 per cent in March, and…

President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that…

The German coalition government has agreed to a set of temporary measures to help people in Germany deal with the high energy costs that have been exacerbated by the Russian invasion of Ukraine. The measures include a one-off energy…

Getting other nations to produce more oil could be the only way for the US to bring global prices down, including prices at home, according to David Mares, chair of Inter-American affairs at the University of California San Diego. He told…

WASHINGTON: India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said Kristalina Georgieva, the managing director of the International Monetary Fund.…

The European Union's official statistics agency Eurostat said on Wednesday (March 2) that Eurozone inflation had soared to a record high in February. The inflation was at 5.8 per cent and energy prices surged. The…

The ASX tumbled spectacularly after an ‘ugly late swoon’ on Wall Street, with few stocks spared from the sea of red.The Australian sharemarket suffered an eye-watering tumble on the back of Wall Street weakness and mounting interest rate…

Wages are expected to finally grow faster than prices next year. Here’s a list of the jobs that will see the biggest increase.Wages are finally expected to grow faster than prices next year but there are som industries that will benefit…