OPEC News
Crude oil logs first weekly gain since mid-April on US-China trade talks; Brent sits at $63, WTI gains 4% in five days
Crude oil has posted a weekly gain after the US and China renewed trade discussions and OPEC+ limited its output in April. Brent crude futures rose $1.07, or 1.7 per cent, to settle at $63.91 a barrel
2 min read10 May 2025Oil prices rise on support from US-China trade hopes
GLOBAL-OIL:Oil prices rise on support from US-China trade hopes
1 min read8 May 2025Counter-intuitive: Why Opec wants lower oil prices
The answer goes beyond Opec leader Saudi Arabia’s need to punish over-producers of oil like Kazakhstan and Iraq. With Trump set to visit Riyadh, the decision may have geopolitical motives too.
4 min read7 May 2025Let retail fuel prices drop to support India’s growth
It’s unclear why Opec is pushing oil prices down through enhanced supply, but the cartel’s shift in stance could give India an opportunity to cheapen fuel refills and thus grant its central bank more space for monetary policy easing.
3 min read7 May 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 2025Oil prices crash over 8% to near 4-year lows amid trade war, Opec supply woes; Brent crude slips below $65 mark
Brent futures dived by $5.72, or 8.2%, to $64.62 a barrel and US West Texas Intermediate crude futures lost $5.90, or 8.8%, to $61.05.
2 min read4 Apr 2025Crude 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 2025Oil extends losing streak for third straight day on Trump tariffs, OPEC+ hike: Brent at six-month low, WTI drops 4%
Oil 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 2025OPEC+ 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 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