OPEC+ Oil Output Books Steepest Decline Since July
OPEC+ oil production fell by 340,000 barrels per day in January, the largest decline in six months.
Source: oilprice.com
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India Is Not Concerned About a Lack of Oil Supply
India is not concerned about a lack of oil supply despite OPEC production cuts and Saudi Arabia’s decision to halt its capacity expansion.
Source: oilprice.com
crude oil | Windfall tax on crude hiked after prices rise, Opec+ to keep its oil output policy unchanged
The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks
Source: telegraphindia.com
Robust Non-OPEC Oil Supply Might Cap Oil Prices
OPEC has predicted that global demand growth will clock in at 2.25 million b/d in 2024 and 1.8 million b/d in 2025 as the Chinese economy grows stronger, well above non-OPEC supply growth at 1.34 million b/d in 2024 and 1.27 million b/d in 2025.
Israel General United States Antony Blinken Oil Prices Drop Us Energy Information Administration International Energy Agency
Source: oilprice.com
Oil gains after OPEC+ maintains output cuts, still heads for weekly losses
In the latest tension over shipping, the Iran-aligned Houthi militants in Yemen said on Thursday their naval forces had targeted an unidentified British merchant vessel in the Red Sea.
Source: moneycontrol.com
Saudi Arabia orders Aramco to lower oil capacity target
Morgan Stanley analysts say the move could reflect less increase in oil demand than expected
Source: dunyanews.tv
Gazprom Neft sees slight surplus on oil market
Company head believes new OPEC+ supply cuts will balance market
Source: tribune.com.pk
Evidence proves India 'supports terrorism' in Balochistan" - Global Times - Pakistan
Chinese experts says New Delhi employs a consistent double standard toward terrorism
New Delhi Liu Zongyi Kulbhushan Yadav Shanghai Institutes For International Pakistan Inter Services Public Relations Baloch National Army
Source: dunyanews.tv
The oil marketing companies' profitability will remain healthy in Q3 FY2024, ICRA said, ET Auto
Oil Marketing Companies: The prices moderated in the past few months owing to tepid Chinese oil demand coupled with elevated production and inventory levels in the US, despite tightening supply, post the extension of supply cuts by the OPEC+. The Special Additional Excise Duty (SAED) on petroleum products was reduced in line with international product prices. It had witnessed multiple revisions since it was initially imposed in July 2022. In the latest revision on January 01, 2024, the SAED was ...
New Delhi Girishkumar Kadam Group Head Senior Vice President Corporate Ratings Special Additional Excise Duty
Source: indiatimes.com
Fundamentals Point To Flat Oil Prices in 2024
Analysts don’t see a significant increase in oil prices based on supply/demand fundamentals in 2024, stating that crude markets see a small surplus in Q1
Source: oilprice.com