OPEC News
Oil Climbs in Year’s First Session With US Stockpiles in Focus
Oil began 2025 by rising to the highest level since November, boosted by a report of shrinking crude stockpiles in the US and bullish technical indicators.
1 min read2 Jan 2025Oil rises as investors return from holidays, eye China recovery
GLOBAL-OIL/:Oil rises as investors return from holidays, eye China recovery
2 min read2 Jan 2025Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days
Oil slid to its lowest in three weeks on Friday due to concerns about excess supplies and a wave of technical selling. For the week, Brent prices lost more than 2.5 per cent, while WTI saw a drop of 1.2 per cent.
4 min read7 Dec 2024Morgan Stanley, HSBC slash crude oil supply forecast; Brent average pegged near $70 for 2025 after OPEC+ verdict
OPEC+ verdict: Morgan Stanley raised its Brent forecast for the second half of 2025 to $70 from $66-68 per barrel, while HSBC maintained its forecast at $70 per barrel for 2025 and beyond.
4 min read6 Dec 2024Oil Steady After OPEC Once Again Delays Plan to Restore Output
Oil was steady after OPEC ’s decision to push back the revival of shuttered production by another three months failed to lift sentiment in a market that’s expected to suffer from a glut next year.
1 min read6 Dec 2024Brent nears $93, US WTI ticks higher after OPEC+ pushes back output hike, extends cuts through 2026
OPEC+ members are holding back 5.86 million bpd of output, or about 5.7 per cent of global demand, in a series of steps agreed since 2022 to support the market
5 min read5 Dec 2024Oil Stabilizes Ahead of OPEC Supply Meeting as Volatility Drops
Oil was little changed as traders watched for clues on OPEC ’s supply plans ahead of a key meeting this Thursday.
1 min read3 Dec 2024Brent shy of $73, US WTI sheds over 4% in 5 days on easing supply risk: Goldman Sachs in favor of OPEC+ cuts
Brent crude fell 34 cents, or 0.46 per cent, to settle at $72.94 per barrel. US WTI crude futures fell 72 cents, or 1.05 per cent, to settle at $68 per barrel.
3 min read30 Nov 2024Oil Drifts Lower in Thin Trading on Cease-Fire, OPEC Delay
Oil drifted lower in thin post-holiday trading on uncertainty about OPEC ’s production plans and the durability of a truce between Israel and Lebanon-based Hezbollah.
1 min read30 Nov 2024Oil settles down as ease of supply risks drives weekly loss
GLOBAL-OIL:Oil settles down as ease of supply risks drives weekly loss
1 min read30 Nov 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared