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HIGHER OIL PRODUCTION PETROBRAS
Ceasefire hopes between US and Iran drag oil prices lower: What lies ahead?The recent decline in oil prices is primarily driven by fading fears of supply disruptions. Earlier, markets had priced in worst-case scena...- Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaulReliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green ...
- Brent crude expected at USD 90-95/barrel, raising India's CAD risk: CrisilIndia's current account deficit is projected to widen significantly. Higher crude oil prices are expected to drive this increase. This will...
- Ukrainian attacks push Russian oil output 10% below target in May, IEA saysRecent Ukrainian assaults on Russian oil installations are severely curtailing production levels. Last month saw a notable decline in crude...
- Higher prices for gas, groceries and flights will outlast the Iran war, experts sayA tentative deal to end the Iran war offers hope but immediate price drops for consumers are unlikely. Experts suggest it will take time fo...
- Oil tankers u-turn, head back to Middle East as Hormuz reopening nearsIn a strategic pivot, two oil tankers are heading toward the Middle East in expectation of the Strait of Hormuz’s reopening. Shipowners are...
- Brent climbs to $79.43 as traders weigh durability of US-Iran peace dealOil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormu...
- Global Market Today: Asian stocks edge lower with Fed decision in focusAsian stocks declined, mirroring Wall Street's tech sell-off as investors await the Federal Reserve's policy decision under Chairman Kevin ...
- Global commodity prices likely to remain elevated amid easing West Asia tensions; India's WPI seen at 7-8% in FY27: ReportGlobal commodity prices will stay high in coming months. Geopolitical tensions in West Asia and bad weather affecting crops are the main re...
- Indian soybean acreage expected to rise on higher prices, weak monsoon outlookIndian farmers are planting more soybeans this year. Higher prices for soybeans are making them more profitable than corn. Forecasts of les...
- Moscow oil refinery damaged in Ukrainian drone attack: Moscow Mayor Sergei SobyaninA Ukrainian drone struck a Gazpromneft oil refinery near Moscow. The facility sustained damage. No casualties were reported. Emergency serv...
- Oil Price Today (June 16): Crude oil rebounds after 5% plunge as traders await US-Iran peace deal details. Where are prices headed?The rebound followed a sharp selloff on Monday, when oil prices tumbled nearly 5% to their lowest closing level since March 4. The decline ...
- Goldman Sachs cuts India's 2026 CAD forecast to 1.3% of GDPIt expects India to be less vulnerable to higher crude oil prices than in previous years, citing lower oil intensity, improved energy effic...
- Strait path laid for crude prices to travel downwardIndian refinery executives anticipate oil prices falling below $80 per barrel within weeks if a US-Iran agreement is signed Friday, reopeni...
- After the deluge, get ready for a resetA deal between the US and Iran signals a post-war future. The oil market will see significant shifts. Energy resilience will drive demand f...
- Middle East oil and gas output will take months to fully recoverA landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already cau...
- Oil and gas supplies could take months to return to normal after Iran deal, energy experts sayGlobal oil prices saw a dip following news of an Iran war ceasefire and the reopening of the Strait of Hormuz. However, energy experts caut...
- India's Russian oil imports rise in May as refiners boost purchasesIndia continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...
- OPEC again lowers 2026 global oil demand growth forecastOPEC has reduced its 2026 oil demand growth forecast to 970,000 barrels per day. This marks a second consecutive cut. The group sees less i...
- Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flowsBrazil is ready to increase oil supplies to India. This comes as India seeks to diversify its crude sources due to shipping issues. Brazil'...
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