Fuel Oil
Fuel oil is a heavy petroleum product derived from the distillation of crude oil, primarily used for heating and power generation. It has a higher flash point t...
Fuel Oil (Virgin 180cST Furnace Oil) in Mundra
₹46.5/KG
0%
1 day ago
Pan India Delivery
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Daily Market Report
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Crude Oil Prices Under Pressure Amid Rising US Inventories and Global Economic Uncertainty
Crude oil prices saw a decline on Thursday as US inventory levels rose for the first time in five weeks, coupled with ongoing global economic uncertainties and oversupply concerns. The market remains under pressure due to OPEC+ production dynamics, potential US tariff policies, and fluctuating demand influenced by China’s economic outlook.
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Oil Prices Surge 2.5% Amid Russian Sanctions and Supply Concerns"
Oil prices rose for the fourth straight week as US sanctions on Russian producers tightened supply. Rising shipping costs, cold-weather kerosene demand, and potential Federal Reserve interest rate cuts further boosted the market. Supply concerns around Trump’s policies on Iran and Venezuela add uncertainty, while China’s growth data offered mixed insights.
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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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