Oil prices declined due to expectations that tensions between the US and Iran may ease, the strength of the US dollar, and abundant global oil supply. As both countries are set to resume nuclear talks, the market believes the risk of conflict or sanctions could reduce. At the same time, the strong dollar has made…
Oil prices rose on Wednesday as supply concerns persisted following a winter storm that disrupted U.S. crude oil production and exports. Geopolitical tensions in the Middle East also provided additional support to prices. The storm is estimated to have disrupted around 2 million barrels per day of U.S. oil production, while crude oil and LNG…
Oil prices fell on Tuesday as expectations grew that oil supplies from Kazakhstan would return to normal. After Kazakhstan announced that it is preparing to restart production at its largest oil field, investors became optimistic that more oil would be available in the market. As a result, Brent and U.S. crude oil prices declined slightly….
Prices fell slightly on Wednesday, as an industry survey showed that crude inventories in the U.S. rose, confirming concerns about a glut in the market.Tuesday’s price rise was due to a tight diesel market as Russia cut diesel exports U.S. crude inventories rose by 4.45 million barrels for the week ended Nov. 14. Gasoline inventories…
Oil prices fell in Asian markets on Monday as concerns about Middle East supply problems began to fade. The main reason for the decline was an expected increase in OPEC+ oil production. Traders had previously reduced the “risk premium” they had added due to tensions between Iran and Israel. Now that those tensions have eased…
Brent and WTI Oil are forecast to fall below $40 by the end of 2026 These forecasts are based on two key assumptions: the US economy will avoid a recession thanks to significant tariff cuts starting on April 9, and OPEC+ will moderately increase supply with two increases of 130-140kb each in June and July….
Monday’s trading is centred on oil and gas equities because the price of Brent crude oil is close to $60 per barrel, while the price of US WTI crude oil fell below $60 per barrel. It will have an impact on Indian businesses that refine crude oil and produce petroleum products. The US President’s reciprocal…
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….
Oil prices rose on Friday on concerns that Middle East conflict could disrupt supplies of this key export, Crude. U.S. crude futures rose 0.8% to $78.24 a barrel, while the Brent contract rose 0.8% to $74.35. Brent crude futures are set to gain around 8% for the week – their steepest since February 2023, while…
Oil prices were little changed on Tuesday. Because oil production is expected to suffer due to strong supply prospects and rising tensions in the Middle East. Brent crude futures for December delivery were up 7 cents, or 0.1%, at $71.77 a barrel. West Texas Intermediate crude futures for November delivery were up 8 cents, or…
