Oil Market

Brent crude futures fell 17 cents, or 0.3%, to $65.82 by 0024 GMT. U.S. West Texas Intermediate crude futures were down 17 cents, or 0.3%, at $61.62

Oil rises more than 4% on fresh US sanctions against Russia

Brent crude futures were up $2.71, or 4.3%, at $65.30 a barrel at 0841 GMT, while U.S. West Texas Intermediate crude futures were up $2.56, or 4.4%, at $61.06

Oil rises, but heads for weekly loss as market awaits OPEC's November decision

Brent crude futures were up 64 cents, or 1%, at $64.75 a barrel by 12:17 p.m. ET (1617 GMT). U.S. West Texas Intermediate crude was up 72 cents, or 1.2%, at $61.17

Oil eases as traders assess US tariffs, OPEC+ output hike

Brent crude futures dipped 22 cents, or 0.3%, at $69.36 a barrel by 0630 GMT. U.S. West Texas Intermediate crude fell 27 cents, or 0.4%, at $67.66 a barrel

Oil Minister Puri flags supply, price stability as key energy challenges for 2025

But the world is moving towards peace, which is a big positive for the energy markets, Puri said on the sidelines of India Energy Week 2025.

India widens approvals for Russian insurers after oil sanctions

Directorate General of Shipping authorized Soglasie Insurance Co. to provide insurance for vessels entering Indian ports until February 2026

Oil markets are shifting gears downwards

The dim demand outlook has set the stage for a fall in oil prices in 2025 with ghost supply adding to the woes 

Oil prices fall as US recession fears spark broader selloff

Share markets also tumbled across Asia as U.S. recession fears sent investors rushing from risk assets while wagering that rapid rate cuts will be needed to drive economic growth

Oil prices on track for first weekly rise in two months

OPEC+, which groups OPEC and allies led by Russia, in late November agreed voluntary cuts of about 2.2 million bpd lasting throughout the first quarter.

Oil rises on weaker dollar, IEA demand upgrade

Lower interest rates reduce consumer borrowing costs, which can boost economic growth and demand for oil. A weaker dollar makes oil less expensive for foreign purchasers.

Oil demand growth in India to taper in 2024 after bumper run

Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices.

Prospects for healthy fundamentals in second half of 2023 to ensure global oil market stability: OPEC

OPEC said the outlook for oil market fundamentals improved further in July, which was reflected in the strengthening of the market structure as major oil futures prices turned to a firm backwardation structure

The oil market’s real weakness is supply, not demand

Sanctioned producers are finding ways to get their crude to market.

Shell posts $9.6 billion profit even as energy prices slide

Shell is the second UK energy company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

OPEC output cut: Outlook depends on geopolitical scenario

The OPEC gambit is bad news for India which imports 85 per cent of its requirements. Even the discounts on Russian crude oil will not be able to overcome the higher costs of total oil imports during 2023-24 

Global oil market signals short-term weakness ahead of EU ban on Russian oil

After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns while central banks hike interest rates to combat inflation.

Turn in global oil markets may be shortlived

Today’s price is softening not because supply is ample, but because of the growing fear of recession

Talk of an oil market recession is overblown

The oil market suffered a brutal selloff this week, prompting concern about a repetition of the 2008 boom-and-bust cycle. Back then, Brent jumped to a record high of almost $150 a barrel in July but ended the year below $40 as the global financial crisis deepened. This time, though, weakness in the financial oil market is at odds with the strong physical crude market.

In the oil market, the strong US dollar is the world’s problem

Crude is trading at a record in many local currencies. That will eventually lead to demand destruction

What does banning Russian oil mean for global energy markets?

With further escalation likely, here is a guide to what the ban means for global markets and its potential impact

A $140bn asset sale: the investors cashing in on Big Oil’s push to net zero

The pressure on listed oil majors could have unintended consequences if production passes to private or state-owned companies 

In-Depth | Iran nuclear accord is within reach; will it derail oil price rally, and how will it impact India?

Crude prices have rallied by nearly 34 percent this year despite the risk of virus mutants hitting the fragile recovery in demand. A section of experts believe Iran's re-entry into the global oil market can lead to a brief period of downward revision, but doubt whether Iranian supplies would be strong enough to sustain the trend.

Oil up on view of U.S. stimulus, tighter market under Biden

U.S. President Joe Biden, who was inaugurated on Wednesday, is expected to take measures to curb the U.S. oil industry, including re-entering the Paris climate accord, cancelling a permit for the Keystone XL crude oil pipeline and pausing arctic drilling.

Oil industry turns to mergers and acquisitions to survive

But many investors are not sure such deal making will be enough to protect the industry from a sharp decline

IEA sees oil mkt entering third year of surplus if no OPEC cut

In its monthly oil market report, the IEA said global supply rose by 800,000 barrels per day (bpd) in October to 97.8 million bpd, led by record OPEC output and rising production from non-OPEC members such as Russia, Brazil, Canada and Kazakhstan.