Oil & Gas

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.

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.

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.

The pipes market is experiencing increased demand driven by state fund releases in Rajasthan and Madhya Pradesh, with Maharashtra expected to follow. Prices remain at record lows, benefiting buyers. Experts advise contractors to book now to lock in low prices and avoid future delivery delays. Notably, India’s gas pipeline network is set for a 10,805 km expansion.

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.

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.

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 hit a two-month high as governments aim to revive economic growth, raising fuel demand expectations. Factory activity remains soft globally, but anticipated interest rate cuts and China's proactive policies may boost consumption. India’s crude oil imports shifted focus to Middle Eastern and African suppliers as Russian imports declined.