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July 4, 2025
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Tag: oil prices

  • Commodity Market

Oil falls as U.S. crude stocks rise, but losses are limited by supply concerns

Mahalakshmi@fastura.com3 years ago03 mins

Oil prices decreased on Wednesday as reports from the industry revealed that U.S. oil stockpiles increased more than anticipated, but losses were restrained by supply concerns. After closing 26 cents higher the day before, December Brent crude futures were down 72 cents, or 0.8%, at $92.80 a barrel. West Texas Intermediate (WTI) crude for the…

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  • NYMEX Market

On a weakened dollar and low U.S. diesel inventories, oil prices increase

Meena@fastura.com3 years ago03 mins

As diesel inventories decreased and oil prices reversed previous losses, they gradually increased in Asian trade on Friday. Saudi Arabia and Washington, however, continued to disagree over OPEC+’s intentions to reduce output. By 0242 GMT, Brent crude futures had increased by 29 cents, or 0.3%, to $94.86 per barrel, while U.S. West Texas Intermediate (WTI)…

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  • Commodity Market

“India’s crude oil demand to climb 8% in Q4′

Mahalakshmi@fastura.com3 years ago03 mins

As a result of strong manufacturing activity and rising consumer confidence, India’s crude oil demand is anticipated to increase by 8% sequentially to 5.35 million barrels per day (mb/d) from October through December 2022. The demand for oil in India is predicted to increase by 1.1% quarterly to 5.41 mb/d between January and March of…

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  • Indian Market

India’s September month palm oil imports increased to 1-year high of 1.2 mn

Mahalakshmi@fastura.com3 years ago03 mins

The amount of palm oil imported into India in September increased to its highest level in a year, thanks to strong demand for the tropical oil ahead of the festival season and a significant price discount over other oils, according to six dealers on Tuesday. The benchmark Malaysian palm oil prices, which have almost halved…

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  • Commodity Market

Oil prices increased ahead of OPEC+ talks on supply cut

Mahalakshmi@fastura.com3 years ago03 mins

In anticipation of a meeting of OPEC+ producers to negotiate a significant output cut in what energy executives and experts view as a tight supply market, oil prices increased little on Wednesday, adding to gains of 3% in the previous session. After rising $2.94 the day before, Brent crude increased by 11 cents to $91.91…

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  • Commodity Market
  • Indian Market

Exception import duties on edible oils in place till March 2023

Mahalakshmi@fastura.com3 years ago03 mins

The food ministry announced on Sunday that until March 2023, certain edible oils are subject to preferential import taxes. In order to increase domestic supply and manage retail prices, the Central Board of Indirect Taxes and Customs (CBIC) made this decision on August 31, 2022. The CBIC’s decision to extend the current reduced import taxes…

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  • Commodity Market

Oil prices below $90 as interest rates rise slow demand projections

Mahalakshmi@fastura.com3 years ago03 mins

Oil prices continued to decline on Thursday after the U.S. Federal Reserve adopted a more pessimistic stance than anticipated, heightening concerns that rising interest rates and inflation may have an adverse effect on crude demand in the months to come. Following the Fed’s anticipated 75 basis point interest rate increase on Wednesday, crude prices fell…

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  • Commodity Market

Crude Oil Prices spotted below $90 despite rising demand

Mahalakshmi@fastura.com3 years ago03 mins

The U.S. energy authority predicted slightly stronger demand and tighter supply for oil moving into 2023, which led to an increase in price on Thursday. The global benchmark, London-traded Brent oil futures, increased 1.1% to $88.47 per barrel, while U.S. West Texas Intermediate crude oil futures increased by 0.8% to $82.59 per barrel. Through the…

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  • Commodity Market

Oil price rises as attention are focused on the important OPEC+ meeting

Meena@fastura.com3 years ago03 mins

The likelihood that OPEC+ will vote to cut output caused oil to rise, and Europe’s energy situation got worse as the Group of Seven nations backed a proposal to attempt and limit the price of Russian crude. After falling by about 7% the previous week because of worries that demand would be harmed by slowing…

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  • Commodity Market

Oil prices increase on potential OPEC+ supply cuts

Mahalakshmi@fastura.com3 years ago02 mins

Oil prices increased on Thursday on mounding supply force concerns among disruptions to Russian exports, the probable for major producers to cut output, and the limited closure of a U.S. refinery. Brent crude increased 59 cents, or 0.6%, to $101.81 a barrel, while U.S. West Texas in-between crude was up 42 cents, or 0.4%, at…

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