Oil & Gas
Find the latest oil & gas news, government tender updates, and real-time prices from top sources for the Indian energy industry. The next-gen platform also help...
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Daily Market Report
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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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GP Petroleums and West Coast Oils Form Joint Venture to Enhance Bitumen Supply
Brent crude oil futures fell by 29 cents, or 0.4%, to $79.11 a barrel by 0430 GMT. U.S. West Texas Intermediate crude futures dropped 21 cents, or 0.3%, to $75.64 per barrel. GP Petroleums Limited (GPPL) has announced a strategic partnership with West Coast Oils (WCO), based in Vadodara, Gujarat, to establish a joint venture focused on the specialty and general bitumen sector.
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Oil Prices Rise Amid Middle East Tensions and Hurricane-Driven Fuel Demand
Brent crude futures rose 37 cents, or 0.5%, to $76.95 a barrel, while U.S. West Texas Intermediate futures increased 35 cents, also 0.5%, to $73.59 a barrel at 0034 GMT. MCX crude oil prices opened at 6,210, gaining 1.49%.
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Pipe Prices Stable as Demand Surges Post-Monsoon
Pipe prices remain stable, with 100mm K7 DI pipes priced at Rs.1360-1380 and ERW at Rs. 56,000/ton. Post-monsoon demand for pipes is increasing, driven by government infrastructure projects. Meanwhile, Welspun has invested USD 100 million to expand its pipe portfolio, while Indian Hume Pipe won an INR 859 crore order for a water distribution network in Maharashtra.
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Hurricane Milton and Middle East Conflicts Impact Oil Prices
Oil prices steadied in Asian trading on Wednesday as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals. Brent crude futures rose by 11 cents, or 0.14%, to $77.29 a barrel by 02:23 GMT. U.S. West Texas Intermediate futures rose by 3 cents to $73.60 a barrel. MCX crude oil prices opened at 6228, with a fall of 0.26%.
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Crude Supplies Stable Despite U.S. Inventory Surge, OPEC Reassures Market
Oil prices dropped in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday, amid fears that the Middle East could be on the brink of a region-wide war.
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Goldman Sachs Warns of Oil Price Surge from Iranian Losses
Crude oil futures traded lower on Monday morning after witnessing their largest weekly gains last week due to escalating tensions in West Asia. December Brent oil futures were at $77.75, down by 0.38 percent, and November crude oil futures on WTI (West Texas Intermediate) were at $74.16, down by 0.30 percent.
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Middle East Tensions Push Oil Prices Higher Amid Stable Global Supply
Brent crude futures rose by 9 cents, or 0.12%, to $77.71 a barrel as of 0010 GMT. U.S. West Texas Intermediate (WTI) crude futures increased by 8 cents, or 0.11%, to $73.79 a barrel. MCX crude oil prices opened at Rs. 6192 with a gain of 0.50%.
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Libya Resumes Oil Production as Leadership Dispute Ends
Brent crude futures were up 9 cents, or 0.12%, to $77.71 a barrel as of 0010 GMT—the US. West Texas Intermediate crude futures were up 8 cents, or 0.11%, to $73.79 a barrel. MCX Crude oil prices opened at 6192 with a gain of 0.50%.
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Daily Market Report
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%.
Read Story
GP Petroleums and West Coast Oils Form Joint Venture to Enhance Bitumen Supply
Brent crude oil futures fell by 29 cents, or 0.4%, to $79.11 a barrel by 0430 GMT. U.S. West Texas Intermediate crude futures dropped 21 cents, or 0.3%, to $75.64 per barrel. GP Petroleums Limited (GPPL) has announced a strategic partnership with West Coast Oils (WCO), based in Vadodara, Gujarat, to establish a joint venture focused on the specialty and general bitumen sector.
Read Story
Oil Prices Rise Amid Middle East Tensions and Hurricane-Driven Fuel Demand
Brent crude futures rose 37 cents, or 0.5%, to $76.95 a barrel, while U.S. West Texas Intermediate futures increased 35 cents, also 0.5%, to $73.59 a barrel at 0034 GMT. MCX crude oil prices opened at 6,210, gaining 1.49%.
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