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Why AI could weigh down oil prices in the next decade, according to Goldman Sachs

The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's pow…

Kelly Cloonan   


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1 min read

Oil prices surge as US rushes forces to the Middle East ahead of a possible attack by Iran

Oil prices are surging as Israel prepares for an attack from Iran after killing a Hamas leader in T…

Kelly Cloonan   


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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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Rupee moves upward for second straight session, rises 6 paise to 83.37 against US dollar in early trade

The rupee stayed on the upward track for the second straight session and appreciated 6 paise to 83.…

PTI   


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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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6 mins read

Earning forecasts for Q4 FY24: Healthcare and cement companies to shine

In the fourth quarter of FY24, Indian companies that bank on domestic demand would have done much b…

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1 min read

Goldman trims its 2024 oil-price forecast as the US keeps pumping up supply

Strategists expect Brent crude prices to peak at $85 a barrel in June 2024, and that Saudi Arabia w…

Phil Rosen   


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RBI sees price of India's crude oil imports at $85 a barrel in FY25

The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel goi…

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The world could see a 1970s-style oil shock amid deepening conflict in the Middle East, 'Dr. Doom' Nouriel Roubini says

An oil price shock has the potential to spark a recession or a 1970s-style stagflationary crisis, R…

Jennifer Sor   


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Why oil prices already at highs could surge another 10% by summer, according to BofA

Bank of America predicts Brent and WTI peaking around $95 per barrel in summer, a roughly 10% jump …

Yuheng Zhan   


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Oil oversupply is keeping prices low, but the situation is about to flip, Occidental CEO says

The dominant narrative of the oil market has been booming supply from non-OPEC states, but that's a…

Jennifer Sor   


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Oil prices are crashing. Blame uncertain demand and booming US production.

US crude prices plunged below $70 a barrel on Wednesday, while brent dropped to $74 as the global d…

Phil Rosen   


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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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U.S. Economy Soars: 3 lakh jobs added in 39th consecutive month of growth, boosting confidence and easing inflation concerns

Economists and market investors alike are finding renewed confidence in the resilience of the U.S. …

ANI   


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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   


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1 min read

The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says

Demand for crude is set to climb through 2034, as major oil producers pull back on spending, Goldm…

Jennifer Sor   


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US oil prices surge to their highest level in 2023

Production cuts from OPEC+ this summer have weakened global crude supply and sparked more than a 30…

Phil Rosen   


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Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says

As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…

Filip De Mott   


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RBI retains inflation projection for FY25 at 4.5%

The Reserve Bank, which has been mandated to ensure inflation remains at 4 per cent (with mar…

PTI   


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Oil prices plunge as US inventories jump and worries build over China demand

Oil prices fell as fresh data also showed that the US continued to churn out a record 13.2 million …

Jennifer Sor