Base Oil
Base oil is a refined form of crude oil, primarily used in the production of lubricants, greases, motor oil, and metalworking fluids. Different types of base oi...
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Oil Prices Steady at $81 Amid 2M-Barrel Stock Drop and Sanctions Impact
Oil prices steadied after hitting multi-month highs driven by U.S. sanctions on Russia and unexpected crude stock declines. Tightened global supply contrasts with OPEC+ caution on raising output. Demand grows for festive travel in India and China, while the market braces for a projected supply surplus of 750,000 bpd in 2025.
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Oil Prices Rise Amid Tightening Supply and Geopolitical Tensions
Crude oil prices edged higher, supported by a reported decline in US inventories and tightened tanker supply following new US sanctions on Russia's fleet. Freight rates spiked due to strong tanker demand, while geopolitical tensions fueled concerns over disrupted Russian exports. Analysts forecast price volatility amid uncertainties in China's oil demand.
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India Adjusts Crude Oil Sourcing Strategy Amid US Sanctions on Russian Producers
Oil prices are climbing, with Brent crude reaching $80 a barrel amid fresh US sanctions on Russian producers and tankers. These sanctions, targeting 25% of Russia’s crude exports, are expected to disrupt global markets. Indian refiners are seeking alternative suppliers in the Middle East and Africa to offset potential shortfalls.
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Global Oil Markets Face Supply Shifts Amid Sanctions and Rising Inventories
Crude oil prices rose slightly, driven by cold weather demand and reduced supplies from Russia and Iran. U.S. crude inventories dropped, boosting refinery activity, while India's imports increased, shifting focus to Middle Eastern sources. Global sanctions on Russia and Iran and robust U.S. production continue to shape the petroleum market dynamics.
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China Stimulus and Seasonal Demand Buoy Oil; India’s Refinery Margins Under Pressure
Oil prices rose on Saturday, driven by cold weather in Europe and the US, alongside China's economic stimulus measures. Brent crude closed at $76.51 a barrel, up 0.8%, while WTI settled at $73.96, up 1.13%. For the week, Brent gained 2.4%, and WTI climbed nearly 5%, marking their highest levels since October.
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Oil Prices Rise Amid Economic Hopes and Shifting Supply Dynamics
Oil prices hit a two-month high as governments aim to revive economic growth, raising fuel demand expectations. Factory activity remains soft globally, but anticipated interest rate cuts and China's proactive policies may boost consumption. India’s crude oil imports shifted focus to Middle Eastern and African suppliers as Russian imports declined.
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India's Petroleum Exports Decline Amid Weak Demand and Logistical Challenges
Crude oil futures rose slightly after China's optimistic economic outlook for 2025. However, India’s petroleum exports dropped sharply due to weak global demand, domestic consumption, and logistical challenges. Rising crude oil prices and geopolitical tensions add to market volatility.
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Steady Oil Markets: China, EVs, and OPEC+ Dynamics to Shape 2025 Outlook
Oil prices in 2024 showed remarkable stability despite trader pessimism over China’s demand and concerns over supply disruptions. Brent crude and WTI are closing near their starting-year levels. While China's demand growth may peak soon, India and Southeast Asia emerge as key growth markets.
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Crude Oil Prices Steady Amid Year-End Lull; India and China Demand in Focus
Crude oil prices moderated on December 30 amidst low-volume trading due to the ongoing year-end holidays. All eyes are on economic data from China and the USA. Brent Crude futures fell by 6 cents, touching $74.11 per barrel. Similarly, US West Texas Intermediate (WTI) declined by 8 cents, reaching $70.52 per barrel. MCX Crude oil prices opened at 6060, with a gain of 0.41%.
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Daily Market Report
Oil Prices Steady at $81 Amid 2M-Barrel Stock Drop and Sanctions Impact
Oil prices steadied after hitting multi-month highs driven by U.S. sanctions on Russia and unexpected crude stock declines. Tightened global supply contrasts with OPEC+ caution on raising output. Demand grows for festive travel in India and China, while the market braces for a projected supply surplus of 750,000 bpd in 2025.
Read Story
Oil Prices Rise Amid Tightening Supply and Geopolitical Tensions
Crude oil prices edged higher, supported by a reported decline in US inventories and tightened tanker supply following new US sanctions on Russia's fleet. Freight rates spiked due to strong tanker demand, while geopolitical tensions fueled concerns over disrupted Russian exports. Analysts forecast price volatility amid uncertainties in China's oil demand.
Read Story
India Adjusts Crude Oil Sourcing Strategy Amid US Sanctions on Russian Producers
Oil prices are climbing, with Brent crude reaching $80 a barrel amid fresh US sanctions on Russian producers and tankers. These sanctions, targeting 25% of Russia’s crude exports, are expected to disrupt global markets. Indian refiners are seeking alternative suppliers in the Middle East and Africa to offset potential shortfalls.
Read Story
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