Oil sees short term gains with lower US crude oil inventories

Abu Dhabi: Lower US crude oil inventories — coupled with a tropical storm in the Gulf of Mexico that is threatening oil production — are expected to provide further short-term gains for oil, analysts said, though the threat of oversupply continues to linger over the market in the long term. Oil markets have risen to […]

India vehicle output to slow down further

New Delhi: With the ongoing sales slowdown showing little signs of abating, India’s automobile industry might further decelerate production, leading to eventual job losses. Apart from the slowdown, a weak Monsoon, inventory pile-up and stock management of BS-IV vehicles vis-a-vis BS-VI will hamper any production growth. The automobile sector has been impacted the hardest among […]