January 12, 2023 New Delhi, India Geopolitical Tensions Propel WTI Crude Oil Prices In a dynamic turn of events, West Texas Intermediate (WTI) crude oil prices experienced a significant surge, primarily fueled by a mix of geopolitical tensions and positive trade data from China. 1. Military Strikes Escalate Concerns The escalation began as the United…
December 19, 2023 New Delhi, India Indian Oil Stocks Rally Following Government’s Tax Cut and Global Crude Surge In a recent turn of events, Indian oil stocks witnessed a significant upswing as the government announced a reduction in the windfall profit tax on crude oil production and diesel exports. Here’s a closer look at the…
January 29, 2023 New Delhi, India Crude Oil Scenario Geopolitical tensions in key oil-producing regions have led to a significant surge in crude oil prices, as the market grapples with fears of potential disruptions in the global oil supply chain. Here’s a breakdown of the factors contributing to this uptick: Attacks on US Forces in…
September 5, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) weakened during Thursday’s early European session, pressured by a sell-off in Indian equities tracking negative global cues. Despite a weaker US Dollar (USD), the INR is edging closer to all-time lows. Key Highlights: Equity Sell-Off Pressures INR: A significant sell-off in domestic equities,…
August 30, 2024 New Delhi, India WTI Oil Prices West Texas Intermediate (WTI) Oil prices continue to rise, trading around $75.50 per barrel during Friday’s Asian session, driven by growing supply concerns in the Middle East. Key factors behind this increase include Libya’s halted Oil exports and Iraq’s plans to cut Oil production starting next…
August 27, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) traded on a weaker note during Tuesday’s early European session. The local currency faced pressure from month-end demand for the US Dollar (USD) by local banks and corporations, as well as a surge in crude oil prices, which typically weigh on the INR….
August 10, 2024 New Delhi, India Oil Price Surge Oil markets experienced a significant uptick this week, with prices rising over 3% amid encouraging U.S. economic data and growing expectations of a potential Federal Reserve rate cut. The combination of these factors, along with ongoing geopolitical tensions, has provided a strong foundation for the rally,…
August 8, 2024 New Delhi, India WTI Price West Texas Intermediate (WTI) Oil has retraced its recent gains from the previous session, trading around $74.00 during the early European hours on Thursday. Despite the dip, crude oil prices might regain support from rising concerns about supply constraints due to ongoing geopolitical tensions in the Middle…
July 25, 2024 New Delhi, India WTI Crude Oil Price Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains from the previous session after draws in U.S. inventories. Market Overview: Brent Crude and WTI…
July 17, 2024 New Delhi, India WTI Oil Prices Analysis West Texas Intermediate (WTI) crude oil prices edged closer to $80 per barrel, bolstered by a significant decline in US oil stockpiles. The American Petroleum Institute (API) reported a substantial drop of 4.4 million barrels for the previous week, contrasting sharply with expectations. This news…
