India cuts oil imports in January to achieve fiscal target

In view of the growing purchases, India has asked its refiners to limit oil purchases from Iran with an aim to maintain its oil intake in current fiscal in line with its previous fiscal. With these cuts, India’s oil purchases in January declined to 21.5% from the previous month and the imports during the month … More India cuts oil imports in January to achieve fiscal target

Oil price slide to boost tourism, global economy: UNWTO

The decline of oil prices, not seen since 2009, will lower transport costs and boost economic growth in 2015. The growth of international tourism is expected to be stronger in Asia & Pacific and the Americas. According to the UNWTO report for the year 2014, the number of international tourists (overnight visitors) reached 1,138 million, which … More Oil price slide to boost tourism, global economy: UNWTO