Oil prices rose in Asian trading on Monday due to the US government shutdown. Last week, prices fell by approximately 2% due to concerns about an oversupply of oil and declining global demand. Now that prices have fallen, some investors have done “bargain buying” and prices have risen again. A strong US dollar also affected…
Crude oil prices fell 1.3% to ₹5,476, driven by the International Energy Agency’s forecast of a growing oil surplus this year and next. The IEA predicts inventories to rise at a record pace, reaching a 46-month high by June 2026. Despite expectations of peak US production, gains are supported by improved well efficiency. Geopolitical developments,…
Crude prices fell sharply in Asia on Monday after OPEC+ said it would increase crude output more than expected next month. At the same time, markets also watched US trade talks. President Donald Trump said he might delay new tariffs from July 9 to August 1, as investors focused on trade issues. Oil prices rose…
Crude oil prices fell 1.81% to ₹6,171 per barrel as tensions between Israel and Iran eased. This worried investors, leading them to reduce their safe-haven investments. Due to this, some opted to take profits after the recent price fluctuations. It was 990,000 in the first quarter. The IEA attributed this to slower economic growth and…
People were optimistic that the US President might cut tariffs. However, a strong US dollar prevented big gains. A Russia-led ceasefire is expected to start this week. Tensions between India and Pakistan, which have seen some of the worst fighting in years, also weighed on the market. While crude oil prices rose this week, concerns…
On Monday, the rupee saw its biggest one-day drop since January 12, plunging 61 paise, or 0.71%, to settle at 85.8425 versus the dollar. The decline occurred when US President Donald Trump’s expansive tariff proposals rocked the world’s financial markets, sending Asian stocks and currencies down. The rupee is affected by a growing trade war…
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…
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….
The OPEC+ group has extended their production cut to limit excess supplies and stabilize prices in global oil markets. Oil has been trading in a tight range since the second half of 2022, with prices broadly congested within $97-$65 per barrel. OPEC+ production policies significantly impact global oil markets, with higher prices typically following production…
