Citi analyst Ronald Josey reiterates a Buy rating on Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google with a price target of $120. Following his Internet Insight Series call on Generative AI last Friday with David Weissberg—CPO at Opinr with ~10 years of experience at Google the analyst became incrementally confident that GenAI can be incremental to overall search volumes and any shift in Search share is not likely to be material. Also Read: Who Is Going To Cash the Microsoft-Google AI Search Read More...
Reuters
Russian oil slashes OPEC’s share of Indian market to 22-year low
NEW DELHI (Reuters) -OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained from industry sources show, and the major producers’ share could shrink further this year. Members of the Organization of the Petroleum Exporting Countries (OPEC), mainly from the Middle East and Africa, saw their share of India’s oil market slide to 59% in the fiscal year to March 2023, from about 72% in 2021/22, a Reuters analysis of the data that dates back to 2001/02 showed. Russia overtook Iraq for the first time to emerge as the top oil supplier to India, pushing Saudi Arabia down to No. 3 in the last fiscal year, the data showed.
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