Tue, Dec 17, 2024
The global oil market is projected to return to surplus in 2025, even as OPEC+ extends supply cuts to stabilize prices, according to an ING report. This surplus, though modest, is expected to exert downward pressure on oil prices, with Brent crude likely to average around USD 71 per barrel next year.
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Tue, Sep 24, 2024
Considerations on Dynamic Duty on Edible Oil, Will Dynamic Duty make oil more expensive or cheaper? What is Dynamic Duty Structure? Understand the formula of duty from IVPA President Sudhakar Desai
Thu, Oct 05, 2023
Sharp fall in crude oil prices, price fell by almost 6% on Wednesday, shock to OPEC+ decision
Mon, Nov 28, 2022
Oil Futures tumble more than $2 a barrel on Nov 28, with WTI hitting an 11-month low as protests in China over strict COVID-19 curbs fueled demand concerns. Meanwhile, investors are keeping an eye on Western plans for a price cap on Russian oil.
Tue, Nov 13, 2018
Oil markets are entering a period of renewed uncertainty and volatility, including a possible supply gap in the early 2020s, the International Energy Agency (IEA) said on Tuesday.
Mon, Nov 27, 2017
US oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended.
Tue, Mar 07, 2017
Developing countries account for all of the growth and Asia dominates, with about seven out of every 10 extra barrels consumed globally.
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