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Sensex, and Nifty rebound to greens, metals and banks lead the rally on bourses today

Indian benchmark indices, Nifty and Sensex, rebounded from last week's losses, closing higher on Mo…

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1 min read

The US is pumping more oil than ever, and it's complicating things for other crude-exporting countries

US crude production notched a new monthly record in August. That's not necessarily welcome news to …

Filip De Mott   


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India's exports to Kuwait surged by 34.78% Y-o-Y to USD 2.1 bn

India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an…

ANI   


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Gold, silver rally, crude volatile while copper at two-month low: Choice Commodity Report

The Multi Commodity Exchange of India (MCX) Gold July contract saw a modest increase of +0.86 per c…

ANI   


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Oil disruption fears in the Middle East are getting real after reports of an Israel strike on Iran

Markets have been on edge since over fears of a widening of the conflict in the Middle East — a maj…

Huileng Tan   


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Stocks tumble, oil spikes as Mideast tensions flare

Investors moved out of equities as conflict escalated between Israel and Iran. Traders piled into s…

Filip De Mott   


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Why oil prices have plunged 3% today

Saudi Arabia is committed to boosting oil output, abandoning its aim for higher prices, the FT repo…

Filip De Mott   


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China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 mil…

Jennifer Sor   


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Germany banned Russian gas from its ports, the latest move to isolate Putin's energy industry: report

Deutsche Energy Terminal has been sent a letter by the German economy ministry telling it to reject…

Mikhaila Friel   


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Oil prices spike on crude inventory update and Powell's rate-cut outlook

The Israel-Hamas war, Red Sea attacks, and the West's sanctions on Russia's oil trade have helped k…

Yuheng Zhan   


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OPEC+ output witnesses biggest drop in six months, falling short of agreed cuts

In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary c…

ANI   


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How plunging oil prices could help the US avoid recession

Cheaper energy reduces cost burdens in manufacturing, construction, and agriculture, among other ec…

Filip De Mott   


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Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data

The 10-year US Treasury yield jumped back above 4% on Monday, touching its highest level in about t…

Matthew Fox   


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India Inc might see margin squeeze with a crude shock at hand

Since the start of September, Brent crude has risen from $85 per barrel to $92 a barrel approximate…

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The economy is in an industrial recession and higher oil prices could spark a full downturn, Wall Street economist says

Manufacturing activity in September contracted for the sixth consecutive month, per the latest ISM …

Jennifer Sor   


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China's economic issues are so serious that even the oil market doesn't care about Middle East tensions — for now

On the supply side, Saudi Arabia is looking to increase market share instead of pursuing higher pro…

Huileng Tan   


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US oil production just hit a record high

US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million…

Kelly Cloonan   


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Russia undermines its pledge to OPEC+ as crude oil and fuel exports jump

Despite Moscow's pledges to curb exports, Russia's energy outflows have boomed in recent weeks.

Filip De Mott   


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Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts

Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend…

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2 mins read

Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low

The $55 to $60 level has acted as a floor for Occidental Petroleum stock since Buffett started buyi…

Matthew Fox