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Daily Report on Oil & Gas Industry
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Crude Oil Prices Dip Amid Trump’s Push for Saudi Action and Volatile Policy Announcements
Crude oil prices declined after U.S. President Donald Trump urged Saudi Arabia to lower oil prices and increase investments. Trump's remarks at Davos and new tariff threats have heightened market volatility. While U.S. crude stock declines provide short-term support, global oversupply and weak Chinese demand continue to pressure oil futures.
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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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India's Bitumen Market: Resilient Demand Amid Currency Pressures
Bitumen prices across grades are influenced by rising crude oil costs driven by seasonal heating demand and increased consumption in China. In India, bitumen prices show slight variations due to currency fluctuations and strong competition among regional suppliers.
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