Rubber Process Oil
RPO, or Rubber Process Oil, is a petroleum-derived product used primarily in the rubber industry. It is a complex mixture of hydrocarbons that serves as a proce...
Iranol Rubber Process Oil (Aromatic (Bulk)) in Mumbai
₹48.5/KG
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23 hours ago
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Oil Prices Surge Amid Tightening Supply and US Sanctions; OPEC+ Cuts and Winter Demand Drive Volatility
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.
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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.
Read Story
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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.
Read Story
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's Fiscal Stimulus and Oil Inventory Impact on Prices
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.
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India Oil Market Faces Pressure Amid Global Demand Concerns and Stronger Dollar
Global oil prices dropped nearly 3% this week, with Brent crude futures at $72.47 per barrel and WTI at $68.99, driven by concerns over slowing demand growth in China and a stronger U.S. dollar. Analysts predict a surplus of 1.2 million barrels per day (bpd) in 2025 as non-OPEC+ production rises.
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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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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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Oil Prices Surge Amid Rising Sanctions on Russia and Supply Concerns
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.
Read Story
Daily Market Report
Oil Prices Surge Amid Tightening Supply and US Sanctions; OPEC+ Cuts and Winter Demand Drive Volatility
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.
Read Story
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.
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
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