petrol diesel

As petrol and diesel prices remain stable, oil companies have profit opportunities in late 2024.

If the current decline in crude oil prices continues, it will lead to healthy marketing margins for downstream companies in the future. State-run oil marketing downstream companies posted weak earnings in the first quarter of the current fiscal after prolonged volatility in crude oil prices. Analysts expect a drop in retail prices of petrol and…

Read More

Forecasts of Higher Demand and Gas Flow To Lng Export Plants Contribute To Natgas Gains

Natural gas prices surged by 4.65% yesterday to end at 225.2, on the back of increasing gas flows to liquefied natural gas (LNG) export plants and projections of higher demand for the next week. Notwithstanding, indications of heightened drilling activity, lower-than-anticipated demand this week, and apprehensions regarding the substantial excess gas in storage limited the…

Read More

India’s oil consumption is expected to increase by 4% to 5.8 million barrels by 2025, according to OPEC.

The Organization of Petroleum Exporting Countries predicted that India’s oil consumption will increase to 5.80 million barrels per day in 2025, a 4.1% increase from the 5.57 million barrels per day predicted in 2024. The cartel noted in its most recent oil market report for the month that rising economic activity will lead to higher…

Read More

Crude oil rises as supply curbs by OPEC+ are anticipated to continue or intensify

Due to predictions that OPEC+ would expand or intensify production restrictions, crude oil prices ended the day up 1.17% at 6488. Market anticipation has increased due to ongoing discussions within OPEC+ about the oil policy for 2024; there is no anticipated delay to the planned meeting on Thursday. Previous difficult OPEC+ production quota discussions, most…

Read More