Oil Market News - Latest Updates & Headlines
Trump's Presidency expected to bring good news for oil market: Vanda Insights
New Delhi, February 14: In agreement with petroleum minister Hardeep Puri's observation that the "Trump presidency is good news for oil", Vandana Hari of Singapore-based Vanda Insights asserted that the year 2025 will be calmer for the oil sector.
IEA, OPEC will share insights on oil market during India Energy Week
New Delhi, February 7: International Energy Agency (IEA) is set to share insights on the India's oil and gas sector during the 3rd edition of India Energy Week (IEW) next week here in the national capital.
Global oil prices likely to stay in $75 to $80 per barrel range over next 6 months: CareEdge
New Delhi, Feb 6: Crude oil prices are expected to remain range bound at an average of $75-$80 a barrel over the next 6 months, essentially on the back of higher overall global crude oil production aided by increase in crude oil production by the US while demand growth is expected to remain relatively subdued in the backdrop of a slowdown in major global economies, according to a CareEdge Ratings report released on Thursday.
Operating profits of offshore rig operators to surge by 30-35 per cent in 2025-26: Crisil
New Delhi, Feb 4: Indian offshore rig operators will see their operating profits surge 30-35 per cent in the next financial year, after a 25-30 per growth in the current fiscal year, according to a Crisil Ratings report released on Tuesday.
OMCs face near-term pressure amid absence of budgetary support for under-recovery on LPG
New Delhi, February 4: Oil Marketing Companies (OMCs) are likely to face near-term challenges due to multiple factors, including no budgetary support for LPG under-recovery, weak Singapore Benchmark Gross Refining Margins (GRM), and declining integrated margins on auto fuel, according to a report by Dolat Capital.
Commercial LPG cylinder prices slashed by Rs 7 ahead of Union Budget
New Delhi, Feb 1: In a move set to impact the hospitality and commercial sectors, oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by Rs 7, effective immediately.
Commercial LPG cylinders price reduced by Rs 7 on Saturday
New Delhi, February 1: Oil marketing companies have reduced the prices of commercial LPG gas cylinders on Saturday.
Cabinet raises price of molasses-made ethanol for current season
New Delhi, January 29: Union Cabinet, chaired by Prime Minister Narendra Modi, has raised the price of molasses-made ethanol for the current marketing season. Molasses are widely used in ethanol blending in petrol.
Crude prices to stay between USD 75-85 in 1H2025, USD 65-75 in 2H2025: Report
New Delhi, January 28: Crude prices to stay between USD 75-85 in 1H2025, and between USD 65-75 in 2H2025: Reporthe international crude price outlook for 2025 will be driven by the prospect of an escalation in the trade war that is expected to depress Chinese demand, as per a report by ICICI Bank. The outlook also hinges on US President Donald Trump's energy policy regime.
Indian Oil's net profit crosses Rs 2,873 crore in Oct-Dec quarter
New Delhi, Jan 27: Indian Oil Corporation (IOC) on Monday announced a net profit of Rs 2,873.53 crore for the October-December quarter of the current financial year, which represents a sharp recovery from the mere Rs 180 crore net profit recorded by the company in the preceding quarter.
Watching announcements very carefully...: Union Minister Hardeep Puri on Trump's remarks on energy
New Delhi, January 21: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said on Monday, that they are watching the announcements made by US President Donald Trump "very carefully" and stressed that more and more energy is coming on the market. He stated that there is no shortage of oil in the world.
OPEC predicts robust oil demand growth in 2026
Vienna, Jan 15: The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday forecast the global oil demand to grow by a "robust" 1.43 million barrels per day (bpd) in 2026 to 106.63 million bpd.
Agrochemical, PSU banks, OMCs, consumer durable, and retail to show strong operating profits in Q3FY25: Report
New Delhi, January 7: The Nifty 50 companies, excluding financial, telecom, cement, and commodity sectors, are expected to show subdued growth in their financial performance for the third quarter of FY25, according to a report by Antique Stock.