Oil Dips as UAE Quits OPEC, but Brent Stays Near $111 on Fears of Extended Iran Port Blockade

Oil prices eased on Wednesday from a multi-day rally as investors digested the ramifications of the United Arab Emirates’ surprise decision to quit OPEC, though supply disruptions from the stalemated Iran war support the market.Brent crude futures for June dipped 1 cent to $111.2

Read More

  • Related Posts

    Who Is Nitin Paranjpe? The New Non-Executive Chairman Of Infosys

    Tech mammoth Infosys on April 30 named board member Nitin Paranjpe as its non-executive vice chairman, strengthening company’s leadership structure amid evolving strategic priorities.According to an exchange filing dated April 30, the IT services major said, “Based on the recomme Read More

    West Asia Conflict Trigger $800 bn Capex Boost For India: Morgan Stanley

    The ongoing conflict in West Asia could emerge as both a challenge and an opportunity for India, with global brokerage Morgan Stanley projecting a sharp rise in domestic investments across energy, defence, fertilisers and data infrastructure, even as the country grapples with ele Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *