India could be replacing China as the main engine of global oil demand growth, says the recently released Oil Market Report for the month of April. Yesterday, the IMF had said that India will clock 7.5 percent growth in 2016-2017. In the report, IEA says that India will see the strongest ever demand volume increase […]
Tag: Crude Oil
The U.S. Economy Is On A Shaky Ground
Summary FOMC minutes reveal that the U.S. economy is not on an even keel. Declining new factory orders and rising savings rate are indications of the cautious outlook on the economy. Fed sets itself an inflation target of 2% by the end of 2018. Minutes of the FOMC meeting held in January were released recently. […]