Oil News
Tourists are avoiding the US. It’s a problem for the oil market.
Fewer visitors mean not only fewer room bookings for hotels, but lower oil prices for the U.S. benchmark, West Texas Intermediate crude.
1 min read18 Apr 2025Major oil & gas discovery expected from blocks offered in OALP rounds, says Oil India CMD
The blocks won under the ninth round take OIL’s total exploration acreage from 60,000 sq. km to 110,000 sq. km. Over 47,000 sq. km of the newly awarded acreage lies in deep and ultradeep offshore waters.
2 min read16 Apr 2025Oil and gas, once eager for Trump’s return, is feeling whiplash
The energy industry is moving to a fortress mentality in the face of prolonged lower oil prices, Ben Cahill writes in a guest commentary.
4 min read15 Apr 2025OPEC 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 2025OPEC cuts oil demand outlook amid US tariff hit despite output hike
The Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth just days after a surprise decision to boost output, citing the impact of US tariffs on the global economy and crude consumption.
2 min read14 Apr 2025Estonia Detains And Boards Russia-Bound Oil Tanker
Estonia’s navy stopped and boarded a sanctioned, Russia-bound vessel in the Baltic Sea on Friday over its insurance status and suspicions that the vessel belonged to Moscow’s shadow fleet, which facilitates the illicit trade in Russian oil.
1 min read13 Apr 2025Crude 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 2025Trump’s tariffs threaten America’s status as energy superpower
Fractured trade relations and a potential global recession are poised to reduce international sales and domestic output of fossil fuels.
5 min read11 Apr 2025Popular 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