Economy News

Economy

OPEC Holds Steady on 2025 Oil Demand Growth Forecast Amid Global Economic Trends

OPEC maintains its 2025 global oil demand growth forecast at 1.4 million bpd, with OECD and non-OECD countries contributing 0.1 million bpd and 1.3 million bpd, respectively. The t...

Economy

Canada Strikes Back: Imposes Retaliatory Tariffs on US Goods Amid Trade Tensions

Canada has announced retaliatory tariffs on $20.7 billion worth of US goods, including steel and aluminum, in response to US trade measures. Canadian Foreign Minister Melanie Joly ...

Economy

OPEC Maintains Global Growth Forecast at 3.1% for 2025 Amid Economic Uncertainties

OPEC has maintained its global economic growth forecast for 2025 and 2026 at 3.1% and 3.2%, respectively. The report also provides steady GDP growth projections for the US, Eurozon...

Economy

White House Celebrates Economic Progress: Inflation Hits Four-Year Low

White House Press Secretary Karoline Leavitt highlights a significant drop in core consumer prices, marking the lowest inflation level in four years, attributing this positive tren...

Economy

Mexico Delays Tariff Decision Until April 2 Amid US Trade Tensions

Mexico delays its decision on responding to US tariffs on steel and aluminum until April 2, aiming for dialogue and hoping to avoid reciprocal tariffs under the existing trade agre...

Economy

Inflation Hits Four-Year Low: White House Celebrates Economic Progress Under Trump

White House Press Secretary Karoline Leavitt celebrates a significant drop in inflation to a four-year low, attributing this success to President Trump's economic policies. The adm...

Economy

US Crude Oil Inventories Surge by 1.4M Barrels: A Closer Look at the Latest EIA Report

The latest EIA report reveals a 1.4 million barrel increase in US crude oil inventories for the week ending March 7, alongside changes in refinery operations, gasoline production, ...

Economy

Canada Strikes Back: Imposes Retaliatory Tariffs on US Goods Amid Trade Tensions

Canada announces retaliatory tariffs on US goods, including steel and aluminum, in response to Trump administration's trade measures. Canadian Foreign Minister Melanie Joly emphasi...