OPEC said in its monthly report that the world oil demand will rise by 1.30 million bpd in 2025, down 150,000 bpd from last month’s forecast.
2 min read14 Apr 2025Crude oil outlook: Brent crude futures settled at $64.76 a barrel, up $1.43, or 2.26 per cent. US West Texas Intermediate crude finished at $61.50 a barrel, up $1.43 or 2.38 per cent.
2 min read12 Apr 2025Crude oil prices plunged seven per cent on Wednesday to hit a fresh four-year low, with Brent futures down $2.47, or 3.9 per cent, to $60.35 a barrel amid the ongoing US-China tariff war.
4 min read9 Apr 2025Goldman Sachs cut its 2026 average price forecast for Brent by nine per cent to $62 and WTI by 6.3 per cent to $59. It warned that the new estimates could be lowered further.
4 min read5 Apr 2025Oil Prices Today: Crude oil logged a third straight weekly gain. US President Donald Trump will announce reciprocal tariffs on a wide range of imports, effective April 2. The trade war has investors worried about a potential recession.
3 min read29 Mar 2025Crude oil prices: Oil was supported by the new OPEC plan for seven members to cut output to compensate for producing more than agreed levels. The plan would represent monthly cuts of 189,000 bpd and 435,000 bpd until June 2026.
3 min read22 Mar 2025Crude oil outlook: Goldman Sachs expects crude oil demand growth of 0.9 million barrels per day in 2025, down from 1.1 mb/d previously, incorporating slower US GDP growth on higher tariffs
2 min read18 Mar 2025India’s crude oil imports: India became the biggest buyer of Russian seaborne oil sold at a discount after Western nations imposed sanctions on Moscow for its 2022 invasion of Ukraine in 2022.
2 min read13 Mar 2025Brent was down 3.8 per cent, its biggest weekly decline since the week of November 11, almost four months. US WTI finished down 3.9 per cent, its biggest weekly drop since the week of January 21.
5 min read8 Mar 2025Oil Prices Today: The Brent crude benchmark sits at a six-month low below the $70 per barrel-mark. The OPEC+ cartel will increase its production by 138,000 barrels per day from April.
2 min read5 Mar 2025The 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