South African Manufacturing Production MoM (Feb) M/M -2.2% (Prev. 1.5%)
The South African Manufacturing Production index showed a significant decline of -2.2% month-on-month for February, compared to a prior increase of 1.5%.
Occidental Petroleum (OXY) reports an oil discovery at the Bandit prospect in the Gulf of America
CoreWeave (CRWV) and Meta (META) announce USD 21bln expanded AI infrastructure agreement; agreement includes initial deployments of Nvidia (NVDA) Vera rubin platform
South African Manufacturing Production MoM (Feb) M/M -2.2% (Prev. 1.5%)
Reliance (RIL IS) has capped fuel purchases to USD 11 per visit due to the growing shortages, Bloomberg reports citing sources
One oil products tanker sailed through Hormuz in past 24 hours, according to shipping data; Five dry bulk ships and two Iranian-flagged ships also sales through
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This sharp drop may signal deteriorating industrial activity, raising concerns about the overall economic outlook and potentially influencing monetary policy decisions going forward.
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