OPEC+ to increase oil production by 547,000 bpd in September amid supply disruption concerns linked to Russia
OPEC+ to reconvene on Sept. 7 to discuss potential reinstatement of 1.65 million bpd output cuts, sources say
Bangladesh secures 20% US tariff, bringing relief to exporters in world’s second-largest garment supplier
Dhaka’s new rate is in line with those offered to other major apparel-exporting countries; Pakistani exporters cautious about impact of 19% tariff
US sanctions force vessels with Russian oil to divert from India, sources say
Three ships were scheduled to deliver Russian oil to Indian ports this month
Oil prices drop $2 a barrel amid concerns over potential OPEC production increase
Oil prices head for weekly gain; Investors weigh impact from Trump threats over Russian oil
Markets dive after Trump hits more countries with steep tariffs
Brazil, Canada, India, among countries hit by steep tariffs; Switzerland stunned, seeks new talks
Oil steadies as concerns about tariff impacts vie with Russian supply threats
Brent crude futures rise 4 cents, or 0.06%, to $71.74, US West Texas Intermediate crude up by 1 cent, or 0.01%, to $69.27
Indian state refiners pause Russian oil purchases, sources say
Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum, and Mangalore Refinery Petrochemical Ltd have not requested Russian crude in the past week
Trump hits dozens of countries’ goods with steep tariffs
India faces 25% tariff, Mexico avoids 30% tariff on non-automotive, non-metal goods; Canada hit with 35% tariff; Brazil faces 50% tariff with some exclusions; China trade deal still pending as August 12 deadline approaches
US hits Iranian shipping network with major new sanctions
Washington says moves are meant to make Tehran's oil sales more difficult; Targeted network is run by son of an adviser to the Iranian Supreme Leader
Oil prices gain for fourth day on supply fears from Trump tariff threats
Brent crude futures for September delivery rise 0.4% to $73.51 while US West Texas Intermediate crude gains 0.5% to $70.37 a barrel
Trump slaps 25% tariff on Indian imports, dashing near-term trade deal hopes
US decision adds pressure as India faces added penalties over Russian defence and energy ties; industry voices remain cautiously optimistic
Adidas warns of €200 million hit from U.S. tariffs
The company says it has not raised prices yet but may increase them on new products once final tariff rates are confirmed around August 1
Trump warns India of 25% tariffs if trade deal is not finalized
India has been a good friend, but India has charged basically more tariffs than almost any other country,, says Trump
Tesla signs $4.3 billion battery deal with LGES, reducing China reliance
The lithium iron phosphate (LFP) batteries will be supplied from LGES's U.S. factory in Michigan
Italy investigates Meta over WhatsApp AI integration
Italy’s antitrust authority says Meta may have breached EU competition rules by installing Meta AI in the messaging app without asking users first