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Crude oil prices may ease to $79/barrel by 2027: US energy information administration

Global crude oil prices are likely to decline to an average of $79 per barrel by 2027 as oil production in the Middle East gradually increases, news agency ANI reported citing the latest outlook released by the US Energy Information Administration (EIA).The agency said Brent crude prices, which surged sharply following disruptions around the Strait…

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Singapore Airlines profit falls 57% as Air India losses and absence of Vistara merger gain weigh on earnings

Singapore Airlines (SIA) Group on Thursday reported a 57.4 per cent decline in net profit to 1.184 billion Singapore dollars (SGD) for the financial year ended March 2026, impacted by losses from Air India and the absence of a one-time accounting gain recorded in the previous year from the Air India-Vistara merger, PTI reported.The airline…

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