Crude Price News

Markets

ONGC, Oil India share prices rise up to 4% as Israel-Iran conflict flares up crude prices further

Stock Market Today: ONGC and Oil India share prices gained up to 4% on Friday, June 13, amidst rising crude prices, led by the Israel-Iran conflict. ONGC share price was among the top gainers among the Nifty 50 stocks despite the stock market crash.

1 min read13 Jun 2025
Markets

OPEC slashes 2025 global demand growth forecast on Trump tariff-impact: Where is crude oil headed now?

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 2025
Markets

Crude oil outlook: Brent nears $65 on Iran export cuts, dips 8% in a month; Key technical range for MCX

Crude 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 2025
Markets

Goldman Sachs slashes crude oil price target by 5.5% amid tariff woes after Brent, WTI hit four-year low on OPEC+ supply

Goldman 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 2025
Markets

Oil logs third weekly gain after US tariffs put pressure on Venezuelan crude; Brent, WTI gain 6-7% in March

Oil 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 2025
Markets

Crude oil logs biggest weekly gain since January on US sanctions, OPEC+ group cuts: Brent gains over 2% in five days

Crude 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 2025
Markets

Oil prices to remain around $70-75 per barrel, says Emkay

Oil prices increased slightly due to a weaker dollar, with Brent crude at USD 69.69 and WTI at USD 66.38 per barrel. However, concerns over economic slowdowns and trade tariffs limited gains, keeping prices within a stable range of USD 70 to USD 75 per barrel.

2 min read12 Mar 2025
Markets

OPEC+ to not consider delay of April oil supply hike to global markets: Russian Deputy PM Novak

The OPEC+ oil-producing cartel is cutting output by 5.85 million barrels per day, equal to about 5.7 per cent of the global crude supply, agreed in a series of steps since 2022.

2 min read18 Feb 2025
Markets

OPEC+ sticks to output policy, Goldman Sachs eyes limited impact of Trump's tariffs on crude oil; Brent, WTI gain 3%

OPEC+ will start raising output from April 2025. Oil prices jumped after Donald Trump imposed tariffs over the weekend, while Goldman Sachs kept its Brent forecasts unchanged.

5 min read3 Feb 2025
Markets

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024

Brent crude oil benchmark settled down around three per cent from its final 2023 closing price of $77.04, while US WTI was roughly flat with last year's final settlement.

6 min read1 Jan 2025