Crude Prices: OPEC may be in for a shock in 2019

Crude Prices: OPEC may be in for a shock in 2019

It was meant to be a short, sharp shock. Instead, OPEC members are facing a long, slow grind with no end in sight. The deal reached with several non-OPEC countries in 2016 to cut oil supply and drain excess inventories was meant to last just six months.

Higher oil,GST may boost states revenue by Rs 37,400cr in Fy19

Higher oil,GST may boost states revenue by Rs 37,400cr in Fy19

States are likely to gain an additional Rs 37,426 crore in revenue in the current fiscal on the back of surge in oil prices and better tax collection due to the GST, says a report. According to SBI Research, the impact of GST on tax revenue is minimal except in a few states.

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