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
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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
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 decreased on diesel and ATF to nil and remained nil on petrol.
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