Refinery Bitumen (VG30) in Chennai

Bitumen prices across grades are influenced by rising crude oil costs driven by seasonal heating demand and increased consumption in China. In India, bitumen prices show slight variations due to currency fluctuations and strong competition among regional suppliers.

Crude oil prices declined after U.S. President Donald Trump urged Saudi Arabia to lower oil prices and increase investments. Trump's remarks at Davos and new tariff threats have heightened market volatility. While U.S. crude stock declines provide short-term support, global oversupply and weak Chinese demand continue to pressure oil futures.

Crude oil prices remain stable with slight fluctuations, influenced by global demand-supply dynamics. China’s high crude surplus and OPEC’s forecast for economic growth highlight potential price increases. India faces challenges in securing Russian oil due to sanctions, which could impact domestic prices. Strategic approaches may mitigate significant disruptions.

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.

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.

Crude oil prices have hit a 3-month-high, fueled by new US sanctions on Russia targeting its oil exports. Brent crude surpassed $81 per barrel, while WTI reached $78.03. These sanctions are expected to impact global oil supply, pushing nations like India and China to rely more on OPEC+ and US suppliers. Experts predict Brent prices may rise above $85 if Russian output drops further.

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.

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%.

Oil prices rose slightly in thin holiday trading, driven by hopes for China’s fiscal stimulus and a U.S. inventory decline. China’s record $411 billion treasury bonds aim to boost economic growth, crucial for global oil demand. U.S. crude inventories fell, while mixed projections reflect concerns over China's recovery and future demand.