Oil News: OPEC+ Adds 547,000 bpd as Crude Falls Toward 50-Day MA at $64.90
Crude oil falls below $67.31 as OPEC boosts output by 547,000 bpd and Russia sanctions fuel a bearish oil outlook.
Trump's penalty threat puts India in a bind over Russian oil
Despite U.S. President Donald Trump telling reporters Friday that he "heard" India would halt purchases, officials in New Delhi have pushed back. New Delhi is likely to remain non-committal on oil purchases as it assesses the trade-offs of this "Russia option" as a bargaining chip, an analyst told CNBC.
Natural Gas and Oil Forecast: Will Russia Sanctions Trigger Another Oil Spike?
WTI crude drops as OPEC+ hikes output, but Russia sanctions risk new supply shock. Traders eye $66.56 support as bearish momentum builds.
Oil slips after OPEC+ agrees to hike output in September
Oil prices slipped in early Asian trade on Monday after OPEC+ agreed to another large production hike in September.
U.S. stock futures dip after Friday's drop; oil falls as OPEC+ extends output boost
U.S. stock-market futures declined Sunday, after Wall Street ended last week with its worst session since April.
Crude Oil Weekly Price Outlook – Crude Oil Shoots Higher for The Week
The crude oil market has had a strong week, as the President of the United States threatened Russia with further sanctions, as well as tariffs for countries that purchase Russian oil, kicking off potential supply concerns.
Kuwait Petroleum annual profit slips 5.8% on lower crude prices
State-owned Kuwait Petroleum Corporation posted a net profit of 1.366 billion dinars ($4.47 billion) for the fiscal year ended March 31, down 5.8% year-on-year according to Reuters calculations based on the company's latest annual report.
Natural Gas and Oil Forecast: Tariff Tensions Stir Volatility in Energy Markets
U.S. trade tariffs drive market jitters, fueling volatility in oil and gas prices as supply risks and demand fears compete for investor attention.
Crude Oil Price Forecast: Rests Against Resistance
Crude oil holds a bullish posture despite near-term consolidation, as rising support and Fibonacci targets point to a possible continuation toward the top channel line.
Oil prices gain for fourth day on supply fears from Trump tariff threats
Oil prices gained for a fourth straight day on Thursday, as investors worried about supply shortages amid U.S. President Donald Trump's push for a swift resolution to the war in Ukraine and threats of tariffs on countries buying Russian oil.
Trump's 25% Tariffs on Indian Exports, Penalty For Russian Oil Raises Concerns For Others
The tariff on India can be seen as a cautionary note to U.S. trading partners that they will be severely penalized if they don't bend to Trump's will.
India equipped to absorb cost of oil price shifts if U.S. sanctions hit, says Stanchart
Anubhuti Sahay, Head of India Economics Research at Standard Chartered Bank says India can absorb the cost of shifting from Russian to U.S. crude oil if sanctions hit and it's forced to stop importing Russian oil. Sahay does not think it will amount to an "oil shock", and India will be able to manage it without a significant impact on inflation.
