The OPEC deal will lead to an ongoing tightening of the crude oil market, putting a floor beneath crude prices in the $50s per barrel in the second half of 2017, according to Helima Croft of RBC Capital Markets. She said that prices should ultimately “grind higher into the $60s” by the fourth quarter, with an average price for WTI expected at $61. Political and economic pressure surrounding Saudi Aramco’s IPO and Russian elections – both of which are slated for 2018 – will ensure that OPEC and non-OPEC does “whatever it takes” to keep oil prices stable and on the rise.

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India’s gas output and refining capacity is poised to jump in the decade ahead, oil minister Dharmendra Pradhan said.

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India’s long-awaited goods and services tax (GST) could boost investment into the property sector and encourage non-resident Indians to buy homes in the market, developers say.

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THE housing affordability crisis has been tough enough for househunters with two incomes, but singles looking for their first home have been hit even harder.

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