Crude oil prices fall as industry data shows increase in US inventories; copper futures rise post Trump tariff
According to the industry body American Petroleum Institute (API), crude oil inventories in the US increased by 7.1…
Can the Oil Market Absorb OPEC+ Output Hikes?
OPEC+ never fails to surprise speculators and market analysts. This weekend’s meeting to decide August production levels was…
Oil prices ease from two-week highs as investors await tariff clarity
By Arathy Somasekhar (Reuters) -Oil prices edged slightly lower on Wednesday after rising to two-week highs in the…
Brent, WTI Futures Dip After Rally As Trump Tariff Tensions Back In Play
Benchmark Brent crude fell 0.5% at $69.27 per barrel, while U.S. West Texas Intermediate (WTI) crude declined 0.6%…
Crude oil prices retreat over 0.3 percent to $69.25 as U.S. tariffs, OPEC+ output weigh
U.S. President Trump informed trade partners that higher tariffs would commence on August 1 Oil prices retreated on…
Exxon Mobil warns lower oil, gas prices could cut profit by over $1B
Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from…
Top Indian Refiner Sees Oil Prices Stabilizing in the $65-70 Range
By Charles Kennedy – Jul 07, 2025, 10:00 AM CDT
IndianOil expects crude oil prices to remain…
Shell Expects Weaker Trading and Lower Natural Gas Output in Q2
Shell expects to have booked “significantly lower” trading and optimization results for the second quarter compared to the…
Crude oil prices fall after OPEC hikes August output more than expected; MCX crude drops nearly 2%
Crude oil prices traded lower on Monday after OPEC announced a higher than expected output hike in August,…
OPEC+ set to further speed up output hikes, sources say
By Alex Lawler, Maha El Dahan and Dmitry Zhdannikov LONDON (Reuters) -OPEC+ will likely agree to further accelerate…
Saudi Arabia, OPEC+ members move toward output hike at meeting
Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude oil production on…
Russia’s Discounted Oil No Longer a Bargain for India
The price gap that once made Russian Urals crude a go-to for Indian refiners is rapidly shrinking. Traders…