Market News: Get Latest Share & Stock Market News and Updates

Oil Plunges 4% as Interest Rate Hikes Outweigh Lower US Oil Supplies

Brent futures settled down $2.98, or 3.9%, to $74.14 a barrel. U.S. West Texas Intermediate (WTI) crude futures were down $3.02, or 4.2%, at $69.51.

Jun 23, 2023

By Reuters

Will oil price stay higher after Opec-Russia output reduction?

Cracks Within Oil Cartel after Saudi Arabia Cuts Crude Output Further; Opec+ 'Hanging by a Thread'

Following the Saudi output cuts, US crude oil prices rose 2.4 percent to $73.47 per barrel and the Brent crude futures advanced 3 percent to $79 per barrel.

Jun 6, 2023

By Jacob J

OPEC+ Begins Meetings That May Agree Further Output Cuts

OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude.

Jun 3, 2023

By Reuters

ExxonMobil Signals Massive Boost in its Shale Oil Output from Permian Basin

Exxon Mobil Chief Executive Darren Woods clarified that the company aims to double the amount of oil produced from the shale holdings.

Jun 2, 2023

By Jacob J

AI-Linked Stocks Add $300 Billion on US Market; Nvidia Becomes Fifth-Most Valuable Company

While Nvidia made the most gains, chipmaker AMD rose more than 10 percent. Microsoft and Alphabet also edged higher by 2 percent.

May 25, 2023

By Jacob J

Artificial intelligence

After ChatGPT Launch, AI Gave Massive Boost to US Stock Market - Report

The US stock rally this year was mainly driven by optimism that AI technologies will increase the profitability of corporates in the coming years.

May 20, 2023

By Jacob J

Stocks of Chinese Companies Lose $540 Billion Over Economic Uncertainty and Geopolitical Tension

On Wednesday, the yuan sank below 7 to the US dollar in offshore trading, breached that key level for the first time this year.

May 20, 2023

By IANS

China's Forex Reserves Swell to $3.2 Trillion; Why is Beijing Keeping Huge Currency War Chest?

China's foreign exchange reserves have been rising steadily since 1997, from 15 percent of the gross domestic product around that time to more than 40 percent currently.

May 8, 2023

By Jacob J

Chinese Yuan Posts Major Win Against US Dollar; Overtakes Greenback in China Cross-Border Trade

Yuan was used for cross-border payments and receipts worth $550 billion in March, rising from $434.5 billion a month earlier.

Apr 26, 2023

By Jacob J

End of US Dollar Dominance Near? Greenback's Share of Global Reserves Declining at Fast Pace

Around 2001, the US dollar 73 percent of the global reserves were held in the US dollar. However, at present this has shrunk to 58 percent.

Apr 19, 2023

By Jacob J

Russia's Crude Exports Rise Above the Levels Before War as Western Sanctions Fail

Russia's seaborne crude oil exports stood at 3.5 million barrels per day in the first quarter of 2023, compared with 3.35 million barrels in the same quarter a year ago.

Apr 16, 2023

By Jacob J

Crude Prices Set to Rise; Saudi-Russian Output Strategy to Keep Hurting the US

Saudi Arabia, a close ally of the United States, has in the recent past, started pivoting away from the close embrace of Washington.

Apr 13, 2023

By Jacob J

Jack Dorsey, CEO of Square and CEO of Twitter, speaks during an interview

Jack Dorsey Loses $526 Million on Single Day After Hindenburg Says Block Facilitates Fraud

After his worst single-day decline, Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index.

Mar 24, 2023

By IANS

Saudi Oil Giant Aramco Reports Record Profit of $161 Billion for 2022

In 2022, Saudi Aramco's net income saw a 46.5-per cent increase compared to that of 2021, which stood at around $110 billion.

Mar 13, 2023

By IANS

Malaysia jails 8 Indonesians for hijacking oil tanker last year

Dark Fleet of 600 Oil Tankers Carry Russian Crude Despite Western Sanctions - Report

Data shows that New Delhi and Beijing bought a record amount of crude oil from Russia after the western ban on buying seaborne Russian crude came into effect.

Mar 2, 2023

By Jacob J

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India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

By Danish Manzoor

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Market News: Get Latest Share & Stock Market News and Updates

Oil Plunges 4% as Interest Rate Hikes Outweigh Lower US Oil Supplies

Cracks Within Oil Cartel after Saudi Arabia Cuts Crude Output Further; Opec+ 'Hanging by a Thread'

OPEC+ Begins Meetings That May Agree Further Output Cuts

ExxonMobil Signals Massive Boost in its Shale Oil Output from Permian Basin

AI-Linked Stocks Add $300 Billion on US Market; Nvidia Becomes Fifth-Most Valuable Company

After ChatGPT Launch, AI Gave Massive Boost to US Stock Market - Report

Stocks of Chinese Companies Lose $540 Billion Over Economic Uncertainty and Geopolitical Tension

China's Forex Reserves Swell to $3.2 Trillion; Why is Beijing Keeping Huge Currency War Chest?

Chinese Yuan Posts Major Win Against US Dollar; Overtakes Greenback in China Cross-Border Trade

End of US Dollar Dominance Near? Greenback's Share of Global Reserves Declining at Fast Pace

Russia's Crude Exports Rise Above the Levels Before War as Western Sanctions Fail

Crude Prices Set to Rise; Saudi-Russian Output Strategy to Keep Hurting the US

Jack Dorsey Loses $526 Million on Single Day After Hindenburg Says Block Facilitates Fraud

Saudi Oil Giant Aramco Reports Record Profit of $161 Billion for 2022

Dark Fleet of 600 Oil Tankers Carry Russian Crude Despite Western Sanctions - Report

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's