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Emerging market currencies are headed for more trouble next year as mounting expectations the Federal Reserve will raise interest rates to quell inflation are set to keep the mighty U.S. dollar in the driving seat. Get more Currency News and Business News on Zee Business.
Non-oil growth has become a “key driver” of the Gulf’s economic recovery in addition to rising oil prices, according to analysts.
The oil price surge that began in early this year is likely to head further north and could hit $100 a barrel, according to a forecast by global financial group MUFG. Many other analysts too are forecasting a spike above $90 towrards the year end. According to MUFG, the current production capacity is inadequate to ...
Supply constraints and demand recovery could support price surge in short run
Oil prices would likely further pick up ahead of an Opec+ meeting this week despite a delayed resumption in passenger aviation and worsening coronavirus infections in India, experts say. Analysts and market observers said the Organisation of the Petroleum Exporting Countries and its allies are likely to continue the existing pace of gradually easing oil ...