Crude Oil Prices

Windfall tax on domestic oil, fuel exports scrapped with immediate effect

No major revenue impact, say experts

Goldman Sachs expects oil prices to remain around $80/bbl in 2024

Oil prices rose on Friday, with Brent futures reaching $74.37 after Russia announced it had fired a ballistic missile at Ukraine and warned of a potential widening conflict

Crude oil can hit low $60s by 2025-end despite geopolitical conflict

Oil price outlook: Given the low level of oil inventories, there could be a sustained geopolitical premium in crude price until the conflict is resolved in the short-term

Markets snap six-session losing streak; Sensex up 584 pts, Nifty tops 25K

Indices up about 1% as China rally loses steam

How to trade oil futures amid weak demand, Hurricane Francine? Outlook here

Crude oil strategy, Sept 12: WTI crude oil rice may fall to $65 in medium-term

Crude oil prices hit 2-week lows; how to trade, key levels to watch today?

Crude oil outlook today, Aug 20: Oil prices tumbled to two-week lows on Tuesday morning in Asian trade with WTI future trading down 0.4 per cent

Crude Oil outlook: Global conflicts, rate cut optimism up bullish bets

The geo-political risk and expectation of three rate cuts from US fed has triggered rally in oil prices, says Mohammed Imran.

Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi

On the daily chart, MCX Gold for August is hovering near its trend line support. A break below 70,750 could signal bearish sentiments, the analyst said

Oil prices up on prospect of Opec+ holding cuts, weaker US dollar

For the online meeting of OPEC+ oil producers coming up on Sunday, traders and analysts are predicting 2.2 million barrels per day of voluntary production cuts to stay in place

Oil prices climb amid uncertainty over Iran President Raisi's fate

A helicopter carrying Iranian President Ebrahim Raisi crashed on Sunday, Iranian officials said

These key triggers can help Crude Oil break from the trading range

Any significant upside in Crude Oil can only be sustained by strong demand side fundamentals from the US and China, says Mohammed Imran, research analyst at Sharekhan BNP Paribas.

Tech charts show bearish trend for Copper, sideways for Oil; details here

Brent crude strategy: Brent oil prices are expected to range between $75 to $90 per barrel,

Crude Oil prices likely to trade higher; WTI Crude may test $80-mark

Mohammed Imran, research analyst at Sharekhan BNP Paribas, expects WTI Crude oil prices to broadly trade with upward bias in the range of $77-$80 per barrel.

March crude oil imports decline 1.1% to 20.69 million tonnes: Govt

Product imports in March fell 6.1% from the previous month to 3.83 million tonnes, its lowest since July 2023, while exports gained 6.4%

Crude oil processing volumes rose to 23.4 mmt in March: PPAC data

Domestic crude production exhibited steady levels, at 2.5 MMT in the latest month. The production marked a sequential rise of 16.2 per cent from the 2.15 MMT registered in February

Extreme weather conditions, crude pose inflation risk: RBI Bulletin

Patra says that economy must grow at 8-10% in next three decades to take advantage of demographic dividends

Upstream oil cos in focus amid Iran-Israel war; ONGC, OIL surge up to 5%

Experts believe any escalation in the Iran-Israel conflict may lead to a rise in crude oil prices.

Oil prices rise but set for weekly loss amid expectations of Fed rate cuts

The gains erased some losses from the previous session, which was dominated by worries about stubborn U.S. inflation that dampened hopes for an interest rate cut as early as June

Unrestricted Russian oil trade unacceptable, price cap to stay: US

The US on Thursday said permitting an unrestricted Russian oil trade was and remains "unacceptable" and the western price cap on Moscow's petroleum products is designed to force it to continue selling oil but for lower prices than it could otherwise obtain. At the same time, US officials said Washington has not asked India to reduce the volume of its oil import from Russia. The G7 price cap mechanism made it possible to stunt a major source of funding for Moscow's war machine while also maintaining a stable energy supply to Europe and to emerging markets, US Assistant Secretary for Economic Policy Eric Van Nostrand said at an interactive session at the Ananta Centre. "Emerging markets like India benefited from the discounted price of Russian oil relative to global markets," he said, asserting that the price cap mechanism was aimed at forcing Russia to sell oil at lower prices. Nostrad noted that the price cap is designed to foster a market in which Russia supplies energy at a heavi

Oil prices fell for second day on Wednesday on surging U.S. stockpiles

OPEC+ this month agreed to extend output cuts of about 2.2 million barrels per day (bpd) to the end of June, though Russia and Iraq have had to go to extra lengths to tackle over-production