India is one of the world’s largest consumers of energy, but its domestic production isn’t enough to meet demand. As a result, the country relies heavily on imports—bringing in 85% of its crude oil and 50% of its natural gas from other nations. Now, with the US pushing for increased
Crude Oil price took a step back in Asian trading on Thursday after a strong run last week. The drop comes as U.S. crude inventories unexpectedly surged and peace talks over the Russia-Ukraine conflict continue to unfold. Brent crude slipped 0.3% to $75.83 per barrel, while West Texas Intermediate (WTI)
Brent crude oil prices dipped slightly on Tuesday after rising in the previous session due to adrone attack on Russia’s Kropotkinskaya pumping station, which disrupted Kazakh oilshipments.Brent crude fell 7 cents to $75.15 per barrel, while U.S. WTI crude rose to $71.21 per barrel,catching up after the U.S. holiday delay.Despite
The expectation that U.S. oil production could increase significantly has caused concerns in the market. Oil prices tend to fall when there is an oversupply, as too much oil on the market can outpace demand, leading to lower prices. In this case, traders are worried that the U.S. could produce
Crude Oil price fell on Tuesday after U.S. President Donald Trump declared a national energy emergency on his first day in office, raising concerns of higher U.S. output in a market widely expected to be oversupplied this year. Brent crude futures LCOc1 settled down 86 cents, or 1.1%, at $79.29
China is undergoing a major shift in its energy consumption, with crude oil demand slowing down and natural gas usage on the rise. Crude oil imports are expected to grow only modestly by 1% in 2025, mainly due to factors like the rise of electric vehicles and a slowing economy.
As of January 21, 2025, crude oil price are experiencing significant fluctuations, driven by speculation surrounding the Trump administration’s energy policies and potential changes to U.S. sanctions on key oil-producing nations like Iran and Venezuela. This evolving landscape is reshaping investor expectations and global energy trends. U.S. Sanctions and Potential
On January 20, 2025, Crude oil price remained relatively unchanged as markets awaited clarity on President-elect Donald Trump’s energy strategies and his stance on the ongoing Russia-Ukraine conflict. Brent crude futures saw a modest drop of 37 cents, closing at $80.42 per barrel, while U.S. West Texas Intermediate (WTI) crude
Crude Oil price took a dip on Tuesday, January 14, 2025, pulling back from a recent four-month high that was spurred by new U.S. sanctions on Russian oil exports. As of 08:45 ET (13:45 GMT), Brent Oil Futures were down 0.9% at $80.32 a barrel, while Crude Oil WTI Futures
Crude oil price extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest in more than four months, driven by wider U.S. sanctions on Russian oil and the expected effects on exports to top buyers India and China. Brent crude futures
