The Federal Reserve building in Washington, DC, US, September 16, 2025. — Reuters Three Fed bank presidents wanted quarter-percentage-point hikeFed says inflation remains elevated relative to Committee’s 2% goal. Markets had priced about one-in-three chance of rate…
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IMF adjusts captive gas levy formula under energy reform plan
This file photo taken on January 26, 2022, shows the seal of the International Monetary Fund in Washington, DC. — AFP
IMF revises levy calculation using average B3 tariff rates.Levy cut around 61% to nearly Rs500 per MMBtu.High gas costs force export sector consumption…
Oil prices mixed as WSJ reports IEA proposed largest release of oil reserves in its history
An oil tanker train moves near a railway station on the outskirts of Ahmedabad, India, August 27, 2025. — Reuters
France to host G7 leaders call todayAmerican crude oil, gasoline, and distillate stocks fell.Brent futures trade up 11 cents, or 0.13% higher, at…
UAE non-oil trade tops $1 trillion for first time, says Sheikh Mohammed
A facility operated by oil and gas services company Lamprell in Dubai, United Arab Emirates. — Reuters/File
DUBAI: The United Arab Emirates’ non-oil foreign trade has surpassed $1 trillion for the first time in its history, marking a major milestone for the Gulf…