Crude prices have surged 3 percent overnight. In an interview to CNBC-TV18, Virendra Chauhan, Oil Analyst at Energy Aspects shared his reading and outlook on the same.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
In an interview to CNBC-TV18's Manisha Gupta, Miswin Mahesh of Energy Aspects spoke about the current trends in crude in the commodities market.
Watch the interview of David Lennox of Fat Prophets, Roberto F Aguilera, author of The Price of Oil and Miswin Mahesh of Energy Aspects with Manisha Gupta on CNBC-TV18. They speak about the current trends in the crude oil space in the commodities market.
Watch the interview of Amrita Sen of Energy Aspects with Manisha Gupta on CNBC-TV18. She speaks about the current trends in crude oil in the commodities market.
Virendra Chauhan, Oil Analyst at Energy Aspects also warns that prices may also see a downtrend if key countries don't cut output. He is worried by Iraq's constant production rise and he fears that Iran along with Iraq may fail to comply with the production cut.
Watch the interview of Amrita Sen of Energy Aspects with Latha Venkatesh and Surabhi Upadhyay on CNBC-TV18. She speaks about the current trends in crude.
Virendra Chauhan, Oil Analyst, Energy Aspects believes if the deal is struck then there could be an initial knee-jerk reaction and crude prices would rise by even USD 10 per barrel but if there is no deal then it could signal a death of OPEC in many ways and oil would sell off.
Brent crude to trade in the range of USD 50-60 per barrel on back of uncertainty surrounding what OPEC will do in the next meet scheduled on November 30, said Virendra Chauhan, Oil Analyst, Energy Aspects.
A no-deal between producers at the Organisation of Petroleum Exporting Countries' (OPEC) ongoing Algeria meet may cause prices to slip to even below USD 40 a barrel, feels Amrita Sen, Chief Oil Analyst at Energy Aspects.
Demand for crude has been healthy this year and is expected to be good over the next year too, but supply-side challenges might continue, says Virendra Chauhan, Oil Analyst at Energy Aspects.
After climbing over eight percent last week oil fell over 3 percent today. Little bit of correction was expected after the steady rise seen in last few days, says Amrita Sen, Chief Oil Analyst at Energy Aspects.
There‘s been a big risk of trade in crude oil, mainly because of oversupply of products in the market which is prompting refineries to cut back on crude processing, said Amrita Sen, Chief Oil Analyst, Energy Aspects. Going ahead, the upside to oil is very high given that fundamentals are strong, she said.