Saudi oil price cut to offer India room for better deals
Sunday, 7 January 2024 Saudi Aramco on Sunday cut OSP (official selling price) of flagship Arab Light crude for Asia to their lowest in 27 months - a move that can work well for India if it prompts oil to slide further to boost prospects of cheaper fuel for consumers and keep the energy import bill from bloating. Aramco slashed the OSP by $2 per barrel for February shipments, marking the second consecutive reduction after $1.5 per barrel discount announced in December for January loading.
UN Says Global Food Prices , for Many Staples , Fell in 2023.
On January 5, the U.N. Food and
Agriculture Organization reported that
global prices for some commodities fell
last year from record highs reached in 2022.
ABC reports that the FAO Food Price Index
for 2023 was 13.7% lower than the...
World Economic Forum (WEF) President Borge Brende expressed concern over the recurrent attacks on merchant ships by Yemen's Houthi rebels in the Red Sea. These attacks, he warns, could lead to a..
Sunday, 7 January 2024
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