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Nifty and Sensex dip post-Muhurat rally; experts blame THESE global factors

The Indian stock market opened lower on Monday, with Nifty 50 and BSE Sensex both declining.

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Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.

ExxonMobil CEO Darren Woods said there isn't much opportunity for the oil industry to increase prod…

Catherine Boudreau,Jacob Zink…   


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Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much

Prince Abdulaziz bin Salman said OPEC members are ignoring their quotas.

Filip De Mott   


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Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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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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Russia's oil revenue plummeted 29% in October amid volatile global crude prices

One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% …

Jennifer Sor   


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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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Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says

Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions …

Jennifer Sor   


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Oil oversupply could send prices tumbling in 2025, energy analyst says

Some forecasters have called for oil prices to hit $50 a barrel. That would mark a decline of nearl…

Jennifer Sor   


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Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says

If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's B…

Filip De Mott   


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Putin backs OPEC production cuts but warns of losing oil-market share to the US

Putin backed the production cuts, but said the output is dropping "while it grows in other countrie…

Yuheng Zhan   


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OPEC+ extends major oil production cuts until 2025 to stabilise market

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group …

ANI   


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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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Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says

Investors have turned bearish on oil amid fears of oversupply, but if GDP grows in line with estima…

Kelly Cloonan   


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Russia's oil revenue has plunged as global crude prices tumble

Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…

Jennifer Sor   


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The world is 'far off' from peak oil amid strong demand, OPEC chief says

Robust demand from countries like India, which is showing "phenomenal economic growth," mean peak o…

Aruni Soni   


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Why oil prices have cratered to their lowest level in nearly 3 years

The demand outlook for oil is weakening as recession concerns mount in the US and China's future lo…

Matthew Fox   


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OPEC slashed oil production last month as the group kicks off plan to boost sagging prices

OPEC+ scaled back oil output by 490,000 barrels a day last month, Bloomberg reported, with half of …

Yuheng Zhan   


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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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Here's why OPEC's production cuts haven't boosted the price of oil

Oil demand is uncertain at a time when supply is rising both from countries within OPEC+ and from p…

Phil Rosen