Eight key members of the OPEC+ alliance announced plans to raise oil production again, in a move analysts view as an effort to secure a larger share of the global crude market.The “Voluntary Eight” (V8) – Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, on Sunday said that they would increase…
File photo (Picture credit: AP) Asian shares advanced on Friday, tracking Wall Street’s record close, as investors looked ahead to key US jobs data that could pave the way for interest rate cuts by the Federal Reserve. Oil prices, meanwhile, extended losses as supply expectations grew.In Tokyo, the Nikkei 225 rose 0.9% to 42,945.16 after…
Saudi Arabia, Russia and six other key members of the OPEC+ alliance, collectively known as the Voluntary Eight (V8), have agreed to increase oil production by 547,000 barrels per day (bpd) starting September 2025, a move seen as an attempt to regain market share amid resilient oil prices.As per news agency AFP, the decision was…
Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) said the global market may be tighter than it seems, supported by strong summer demand. Meanwhile, concerns over new US tariffs and possible fresh sanctions on Russia also added upward pressure.Brent crude rose $1.72, or 2.5%, to settle at $70.36 per…
Representative image (Picture credit: AP) Asian markets slipped into the red on Monday as fresh confusion over the US tariff policy weighed on investor sentiment, while oil prices extended losses after OPEC+ surprised markets with a bigger-than-expected output hike.Japanese shares shed 0.3%, South Korea’s KOSPI declined 0.7%, and MSCI’s broadest index of Asia-Pacific shares outside…
Crude Oil Prices: ओपेक+ अगस्त के महीने से तेल की सप्लाई बढ़ाने जा रहा है. इसके 8 सदस्यों ने कच्चे तेल की सप्लाई 548,000 बैरल प्रतिदिन बढ़ाने पर सहमति जताई है. इससे पहले ओपेक ने मई, जून और जुलाई में क्रूड ऑयल की सप्लाई में 411,000 बैरल की बढ़ोतरी की घोषणा की थी. ओपेक+ के…
Brent Crude prices spiked as much as 5% on Monday following the US airstrikes on Iran’s key nuclear facilities on Sunday. The move ended days of speculation over whether the US President Donald Trump would join Israel in its confrontation with Iran.While prices surged initially, they soon pared gains. The attacks on Fordow, Natanz and…
Representative image (Picture credit: ANI) Brent crude oil prices are projected to average around $70 per barrel in FY26 despite geopolitical turbulence in the Middle East, according to a report by Emkay Research. The agency said oil markets remain “fundamentally well supplied,” citing rising output from both OPEC+ and non-OPEC+ producers as key factors stabilising…
<p style="text-align: justify;"><strong>Oil Prices Surge:</strong> हफ्ते के पहले कारोबारी दिन सोमवार को तेल की कीमतों में पिछले हफ्ते की बढ़त बरकरार रही. ब्रेंट क्रूड का भाव 66.47 डॉलर प्रति बैरल पर है. जबकि इंटरमीडिएट क्रूड 1 सेंट बढ़कर 64.59 डॉलर पर कारोबार कर रहा है. इस बीच, निवेशकों की नजर अमेरिका और चीनी अधिकारियों के…
VIENNA: Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.They will produce an additional 411,000 barrels a day — the same target set for May and then June — according to a statement, which is more than three times greater than the group had…