Global Economy News - Latest Updates & Headlines

Global oil prices likely to stay in $75 to $80 per barrel range over next 6 months: CareEdge

New Delhi, Feb 6: Crude oil prices are expected to remain range bound at an average of $75-$80 a barrel over the next 6 months, essentially on the back of higher overall global crude oil production aided by increase in crude oil production by the US while demand growth is expected to remain relatively subdued in the backdrop of a slowdown in major global economies, according to a CareEdge Ratings report released on Thursday.

Geo-economic fragmentation could cost global economy $5.7 trillion: WEF report

Davos, Jan 23: A new World Economic Forum report released on Thursday highlights significant economic risks from increasing geo-economic fragmentation as countries are increasingly using the global financial and trading systems to advance geopolitical objectives through sanctions, industrial policies, and other economic measures.

India continues to outpace global peers on economic growth: Centre

New Delhi, Jan 18: As the fastest-growing large economy, with steady growth projected at 6.7 per cent over the next two fiscal years, India continues to outpace global peers and cement its position as a leader in economic resilience and progress, the government said on Saturday.

OPEC predicts robust oil demand growth in 2026

Vienna, Jan 15: The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday forecast the global oil demand to grow by a "robust" 1.43 million barrels per day (bpd) in 2026 to 106.63 million bpd.