Friday, January 16, 2026

OPEC regains share in India as Russian oil imports slump in December

Russia share in India December oil imports falls to lowest since December 2023, Middle East share hits 38-month high, Russia remains top supplier in December and 2025

Oil prices flat as fears of U.S. strike on Iran recede

Brent slips 3 cents to $63.73 per barrel while WTI adds 4 cents to $59.22 in early Friday trade, leaving both benchmarks little changed from previous close

Asia shares near record high on AI optimism, dollar up on receding Fed cut bets

Geopolitics loom large, Trump adopts wait-and-see posture on Iran

Trump says no critical minerals tariffs for now, will seek overseas supplies

Trump directs U.S. Trade Representative and commerce secretary to negotiate with trading partners on critical minerals imports over national security concerns

US backs Venezuela staying in Organisation of Petroleum Exporting Countries

Trump unsure if Venezuela remaining in OPEC benefits US; US control of Venezuelan oil may conflict with OPEC

Youth jobs under pressure as AI and trade uncertainty weigh on labour markets in 2026, warns ILO

New ILO report warns millions remain stuck in poverty and informal work despite a stable unemployment outlook, but progress on decent work has stalled

Oil prices sink more than 2% as Trump remarks calm concern about Iran

U.S. withdraws some personnel from bases in Middle East

xAI puts limits on Grok image editing after concerns from California, Europe

xAI blocks all users from editing images of 'real people in revealing clothing'

Trump imposes 25% tariff on imports of some AI chips

Tariff aims to boost U.S. semiconductor production; excludes chips for U.S. data centers and startups, consumer applications

SECP proposes 183 amendments to Companies Act, 2017 to streamline regulatory process and boost ease of business

Reforms aim to reduce regulatory burden, enhance digitalisation, and promote transparency in corporate governance.

Oil prices rise to over $66 a barrel as geopolitical tensions rise between America and Iran

Regional equities strengthen alongside rising crude prices amid heightened geopolitical risk around Iran and concerns over interest rate trajectory linked to U.S. political actions

Asian stocks inch higher, fragile yen spurs intervention worries 

Frail yen stokes intervention worries, hits lowest vs dollar since July 2024; Fed independence worries remain on investors mind

Gold near record-highs on Fed rate cut bets; silver cracks $90

Gold hit record high of $4,634.33/oz on Tuesday; Silver crosses $90 mark for first time, with new high of $91.53

Iranians tap Musk’s Starlink to skirt internet blackout, sources say

Despite Iran’s crackdown and internet shutdown, Starlink service remains operational in some areas, with users in border towns and cities largely unaffected

Trump says nations doing business with Iran face 25% tariff on US trade

U.S. importers pay tariffs on goods from sanctioned countries like Iran, which exports oil primarily to China, along with other key trading partners including Turkey, Iraq, the UAE, and India