Business
Oil posts biggest monthly gain in a year on tight supply, Ukraine tensions
Oil prices rose to the end of January on Monday, posting their biggest monthly gain in a year on supply shortages and political tensions in Eastern Europe and the Middle East.
The most-active Brent contract for April delivery rose 74 cents, or 0.8%, to settle at $89.26 a barrel. The front-month contract for March delivery, which expires at the close, was up $1.18, or 1.3%, at $91.21.
U.S. West Texas Intermediate crude gained $1.33, or 1.5%, to settle at $88.15 a barrel.
The benchmark index hit its highest level since October 2014 on Friday, at $91.70 and $88.84, its sixth straight weekly gain. They are up about 17% this month, their biggest gain since February 2021.
Market analysts and Reuters sources widely expect OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies led by Russia, to maintain its policy of gradually increasing output when it meets on Wednesday.
OPEC+ producers have boosted output by 400,000 bpd per month since August.
Louise Dickson, senior oil market analyst at Rystad Energy, said: “A 400,000 bpd monthly supply increase is either too inconsequential for the market to appreciate, and more importantly, the group has not fully achieved that. “
“As a result, the only short-term solution to balance the undersupplied oil market will need to come from OPEC+ and be dominated by Saudi Arabia, the producer with the largest spare capacity.”
However, OPEC’s oil output in January again fell short of the planned increase in a deal with allies, a Reuters survey found, underscoring the difficulty some producers have struggled to increase output even at seven-year highs.
Geopolitical tensions involving major oil producers Russia and the United Arab Emirates intensified in January.
Europe needs to diversify its energy supplies, the NATO chief said on Sunday, as Britain warned Russia was “very likely” to try to invade Ukraine.
Markets were also wary of the Middle East after the UAE said it had intercepted a ballistic missile fired by Yemen’s Houthis, as the Gulf state hosted Israeli President Isaac Herzog on the first such visit.
Complete News Source : Business Standard
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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