Crude oil prices fell 6.7% to settle at ₹5,735 after eight OPEC+ countries announced they would go ahead with their production hike plan. While OPEC cited strong fundamentals, it also hinted at pausing future increases if needed. Adding to the downward pressure, the US President’s new tariffs could dampen economic growth and reduce fuel demand….
The key market indices continued their gains from March 5th and ended the session on a high note. While the BSE Sensex experienced a 610-point rally to end at 74,340, the NSE Nifty 50 increased by more than 200 points to land at 22,545. Because Brent crude oil prices dropped below $70 a barrel, commodities…
Oil prices fell on Friday, heading for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures settled at $73.18 a barrel, down 86 cents, or 1.16%, while U.S….
Crude oil prices dropped by 0.25% to ₹6,334 due to tensions between OPEC+ and the former US President, who has called for increased oil supply to curb high prices. The US decision to impose 25% tariffs on Mexico and Canada and 10% on China added to market uncertainty. US crude inventories rose by 3.463 million…
According to data from the Petroleum Planning and Analysis Cell, India’s petroleum product exports increased slightly by 1.5% to 47.5 million tonnes between April and December, from 46.8 million tonnes during the same period. Motor spirit, pet coke, and fuel oil shipments were the main drivers of the increase in exports. However, shipments of petroleum…
Oil prices rose on Wednesday due to tightening supplies from Russia and OPEC members and an unexpected increase in U.S. job openings, which suggests expanding economic activity and growth in oil demand. Brent crude was up 37 cents, or 0.5%, at $77.42 a barrel, while U.S. West Texas Intermediate crude climbed 44 cents, or 0.6%,…
WTI oil prices have continued to decline, trading near $72.90 per barrel during the Asian session on Tuesday. Despite rising energy demand driven by colder weather and China’s economic stimulus efforts, these factors present a complex environment for oil markets. OPEC’s oil production fell in December due to the UAE’s supply cuts, which may support…
Oil prices rose on Friday due to cold weather in Europe and the US and additional economic stimulus from China. Brent crude futures settled 0.8% higher at $76.51 a barrel, the highest level since October 14. U.S. West Texas Intermediate crude settled 1.13% higher at $73.96, the highest level since October 11. China’s economic fragility…
Crude oil prices fell by 0.94% to settle at ₹5,933, driven by concerns over global oil demand, particularly from China. The U.S. Federal Reserve’s indication of a slower pace of interest rate cuts in 2025 added to the bearish sentiment, as higher borrowing costs could dampen economic growth and reduce fuel demand. A stronger dollar…
The OPEC+ coalition, consisting of 23 nations, is set to hold its next meeting on December 5, likely in a virtual format. This shift is the third time the alliance has held meetings online since the Covid-19 pandemic. Crude prices currently hover around $75 per barrel, insufficient for many OPEC members to meet budgetary needs….
