News

Since returning to the Oval Office, Trump has been on a tariff rampage. The global trading system is unrecognisable. Tariffs ...
The US has imposed a steep 25 per cent tariff on Indian goods, targeting key export sectors like textiles, diamonds, and auto ...
India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits They don’t care how many people in Ukraine are ...
Washington Post underlines West’s ‘frustrations’ over failure to ‘cripple’ Russia’s economy & The Economist notes ‘shift’ in ...
Meanwhile, the price of futures contracts of WTI crude oil for September 2025 delivery was down by 0.98% at $65.52 per barrel ...
Arabian Gulf Business Insight on MSN56m

IMF supports Saudi spending despite budget deficit

The International Monetary Fund is urging Saudi Arabia to pursue “a countercyclical fiscal stance” despite its growing current account and budget deficits. In a statement released on Monday, the IMF ...
The Finance Ministry said that taxes on oil and gas condensate extraction brought $11 bln to the budget in July 2025 ...
President Trump is seeking to promote U.S. energy in his trade negotiations, but announcements about agreements so far have been light on details, and actual outcomes are largely mysterious.
Oil slipped about 1% on Tuesday as rising OPEC+ supply and worries of weaker global demand countered concern about U.S.
Americans love olive oil — and import 95% of it. But tariffs are making it harder for Europeans to sell it to Americans.
U.S. President Donald Trump has threatened India with increased tariffs over its purchase of Russian oil amid Moscow's war in ...
Spot charter rates secured — To date in Q3 2025, Suezmax spot rates are at $31,400 per day and Aframax/LR2 rates are at ...