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Brent crude hits lowest since before start of Mideast war as more tankers exit HormuzGlobal oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interi...- JP Morgan lowers Brent crude price forecast for second-half 2026J.P. Morgan has updated its Brent crude oil price forecast for 2026, lowering expectations due to unexpectedly weaker inventory draws and a...
- Oil nears two-month lows on reports of imminent US-Iran peace dealOil prices dropped significantly, reaching their lowest point in nearly two months as U.S. and Iranian officials indicated a potential agre...
- Turn for peace on the day Trump turns 80? US, Iran could sign MoU on SaturdayIranian foreign minister Abbas Araghchi posted on Friday on X that an agreement "has never been closer". He gave no details, saying a final...
- JP Morgan sees Brent staying in low $100s even if Hormuz reopens in JuneJP Morgan's revised framework assumes that the pace of oil inventory depletion will ultimately force the Strait to reopen "one way or ano...
- Income tax dept opposes benefits to Jane Street SingaporeIndia's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...
- Goldman Sachs bets on gold for 2026, sees oil on slippery wicketGoldman Sachs predicts gold will reach a new record of $4,900 per ounce by 2026. This surge is driven by central bank purchases and anticip...
- Goldman says oil stock draws cut bearish risk to Brent priceGoldman said China demand news was mixed and suggested that weakness in macro data was concentrated outside the oil-intensive services sect...
- Oil regains some ground after Credit Suisse lifelineBrent crude futures were up 54 cents, or 0.7%, at $74.23 a barrel by 1105 GMT. West Texas Intermediate crude futures (WTI) rose 43 cents, o...
- International Energy Agency invites India to become full-time member: Hardeep Singh Puri"As a natural corollary to the India IEA strategic partnership, Dr Birol invited India to deepen its cooperation with IEA by becoming a ful...
- Oil crawls higher on solid US demand outlook despite Delta surgeIndustry data showed US crude oil and gasoline inventories fell last week, while the US Energy Information Administration raised its foreca...
- OPEC+ panel says uncertainties may impact oil demand recoveryThe experts panel, known as the Joint Technical Committee, met on Tuesday ahead of a ministerial meeting on Thursday to decide oil output p...
- ONGC and Oil India may be headed for a slippery slopeThe buoyancy in price has more to do with restricted supplies than improvement in the global demand, which dropped by 8.8% in 2020.
- OPEC+ fears second virus wave could lead to oil surplus in 2021A panel of officials from OPEC+ producers, called the Joint Technical Committee, considered this worst-case scenario during a virtual month...
- OPEC+ needs to fix daily oversupply of more than 2 mn barrelsThe surplus seen between May and July ought to be compensated for in August and September, the report said.
- Crude oil susceptible to steep price correctionThe rally in prices has also been aided by the fact that output cuts by the Opec may extend beyond 2018.
- Oil rally looks overstretched; prices may fall a bitWhile the near term trend still remains positive, oil prices could see some correction.
- Oil has run up too far, too fast; correction ahead?Opec output also continues to be lower in YoY comparisons and compliance is improving.
- Oil market's outlook positive, but no crude shock in medium termCrude oil prices are likely to remain flat as the market lacks decisive triggers.
- OPEC blames speculation for market volatilityOPEC's current output, 40% of the world's oil, stands at about 32 million barrels per day. Winner in volatile mkts | Tips to beat inflation...
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