Latest Updates Around The World
Oil prices were steady on Tuesday as investors assessed the risks of supply disruption after Iran conducted naval exercises near the Strait of Hormuz ahead of nuclear talks with the US later in the day. US President Donald Trump said on Monday he would be “indirectly” involved in the Geneva talks, adding that he believes […]
Crude oil prices in West Texas fell on Wednesday as pressure from geopolitical tensions and an expected build-up in US crude inventories outweighed the temporary halt in production at two major fields in Kazakhstan. March WTI fell 79 cents, or 1.31%, to $59.57 a barrel by 0008 GMT. The contract rose 90 cents, or 1.51%, […]
Crude oil ended 2025 with its steepest annual decline since 2020. Brent fell 19% and WTI 20%, closing around $60.85 and $57.42 per barrel, respectively. The dominant factor was oversupply; global output growth repeatedly exceeded consumption, allowing inventories to build in the second half of the year. Periodic geopolitical flare-ups (Israel-Iran in June, attacks on […]
Oil prices were little changed on Wednesday but are expected to fall more than 15% in 2025 as supply exceeds demand in a year marked by wars, higher tariffs, OPEC+ production and sanctions on Russia, Iran and Venezuela. Brent crude futures, down nearly 18% – the most substantial annual percentage decline since 2020 – are […]
The International Energy Agency in Paris predicts a record surplus in 2026, while Goldman Sachs Group Inc and JPMorgan Chase & Co see futures heading lower. OPEC+ will stick to plans to pause production increases during the first quarter, delegates said, amid growing signs of a glut in global oil markets. Key members led by […]
Oil prices rose in early Asian trading on Monday after OPEC+ decided to postpone production increases in the first quarter of next year, allaying growing fears of a supply glut. Brent crude futures rose 47 cents, or 0.73 percent, to $65.24 a barrel by 2336 GMT, after closing 7 cents higher on Friday. U.S. West […]
Stuck feelings were lifted for fear of oversupply that was further aggravated. The futures of crude oil in October traded on RS 5,669 per BBL, rises by RS 37 or 0.66% on the MCX. In international markets, US WTI crude oil fluctuated around $ 63.65 and won $ 0.24 or 0.38%, while Brent Crude traded […]
