Bitumen
Bitumen is one of the most significant petroleum constituents. It is also known as Asphalt, a byproduct of crude. It is black in color, dense, and highly viscou...
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Daily Market Report
Daily Market Report
Oil Prices Dip as Markets Expect Supply to Exceed Demand Amid Lower Geopolitical Tensions
Crude oil prices dropped over 4% as limited Israeli action on Iran eased market fears of energy disruptions. With analysts predicting a surplus for 2025, crude prices are expected to remain under pressure.
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India's Crude Oil Market Rising Import Dependence Geopolitical Shifts and Supply Diversification Efforts
Oil prices stabilized slightly after a significant drop last week, with both Brent and WTI showing marginal gains. India’s crude oil import bill rose by 12% in the first half of FY25, amid declining domestic production.
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Oil Prices Fall Amid China’s Economic Slowdown and Demand Concerns
Brent crude futures were down $1.26, or 1.59%, at $77.78 per barrel by 0020 GMT, and U.S. West Texas Intermediate crude futures fell $1.20, or 1.59%, to $74.36 per barrel. MCX Crude oil prices opened at 6,288 with a fall of 1.19%.
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