Light Diesel Oil (Pyrolysis Grade) in Hisar

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.

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.

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.

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.

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.

Oil prices remained stable ahead of the U.S. Federal Reserve's interest rate decision, with Brent at $73.31 per barrel and WTI at $70.19 per barrel. U.S. crude inventories tightened while gasoline stocks rose. Middle Eastern crude markets saw price increases due to restricted supplies and sanctions, signaling a bullish trend.

Oil prices rose for the fourth consecutive week due to tightening global supply, US sanctions on Russian oil, and increased demand from extreme winter conditions. OPEC+ production cuts and declining US crude inventories further supported the upward trend. However, declining demand from China and increased non-OPEC production continue to counterbalance these factors, resulting in expected price volatility.

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.