OPEC+ will raise oil production faster than earlier planned in August, with eight key alliance members agreeing to increase output by 548,000 barrels a day, delegates said on Saturday after a virtual meeting. This is higher than the 411,000-barrel hikes announced for May, June and July, which were already triple the initial plan. Traders had anticipated the same increase for August, making the latest move a further acceleration.
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Israel-Iran conflict: Crude oil prices jump over 13%; Brent crude oil above $73 per barrel
Israel-Iran conflict: An Israeli military official has confirmed the attack, saying that it has targeted “dozens” of sites across Iran, Reuters reported.
HPCL, BPCL, other OMC shares fall up to 4.5% after crude surges; ONGC, Oil India rise up to 3%
Geopolitical concerns heightened after Iran said it will strike US bases in the Middle East if nuclear talks fail and conflict arises with Washington
Understanding Crude Oil Prices: Challenges Ahead
Discover why crude oil prices face challenges despite strong demand. Learn about OPEC+ strategies, market pressures, and factors affecting oil prices.
Oil prices fall as trade war concerns dampen demand outlook
Oil prices edged lower in early Asian trading on Wednesday as President Donald Trump’s erratic tariff policies raised concerns about weakening global economic growth and fuel demand.
MCX Crudeoil Tips- Profit Rs 10,000 per lot
MCX Crudeoil Tips: West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $70.47 per barrel, down from Tuesday’s close at $70.91. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $73.83 after its previous daily close at $74.27.
Crude oil prices in a free fall
Crude oil prices seem to have sharply dropped with the announcement of tariffs. In the current report we are to discuss the conditions characterising the US oil market currently, as well as factors affecting oil demand and supply in the international oil market. We are to complete the fundamentals included in the report with a technical analysis of WTI’s chart.
Crude Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase
Crude oil prices continued to fall in on Tuesday after U.S. President Donald Trump paused military aid to Ukraine and as markets braced for U.S. tariffs on Canada, Mexico and China to take effect.
Crude Oil prices dip as traders await progress on push for Ukraine peace deal
Crude Oil prices extended last week’s losses on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq.
Crude Oil dips on pending Kurdistan supply resumption
Crude Oil prices slipped in early trade on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan’s oilfields, while investors awaited clarity on talks to end Russia’s war on Ukraine.