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Macquarie Foresees “Heavy Surplus” for Oil in 2025, Lowers Price Forecast

Macquarie has revised its oil price forecasts downward, predicting a significant surplus in the oil market over the next five quarters. The bank's latest...

Oil Prices Decline as U.S. Production Resumes and Rig Count Rises

Oil prices eased on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and data revealed an increase in the U.S....

Stocks Surge and Gold Hits Record Highs Amid Expectations of Steeper Fed Rate Cuts

New York, Sept 14 — U.S. stocks rallied and gold prices soared to new record highs on Friday, fueled by heightened speculation that the...

Oil Prices Extend Losses Amid Weak Demand and Higher OPEC+ Supply Expectations

Oil prices continued their decline on Monday, driven by a combination of anticipated increases in OPEC+ production and signs of weak demand growth in...

Brent Oil Price Forecast Update: August 30, 2024

Brent oil prices are exhibiting a bullish trend, approaching the $80.65 level. A breach of this level is anticipated to pave the way for...

Oil Prices Poised for Weekly Gain Amid Supply Concerns

August 30 — Oil prices saw modest increases on Friday, positioning themselves for a weekly gain amid ongoing supply concerns stemming from disruptions in...

Oil Prices Slip After Three-Day Surge Amid Middle East Tensions and Libyan Supply Concerns

LONDON — Oil prices eased on Tuesday after a strong rebound over the past three sessions, driven by concerns over potential supply disruptions due...

Sensex Rises 150 Points, Nifty Surpasses 25,000 as Broader Markets Outperform

The Indian stock market opened on a steady note on Tuesday, with the Sensex gaining 150 points and the Nifty crossing the 25,000 mark....

Stocks Stumble, Dollar Dips: Market Focus Shifts to Nvidia Earnings

Market Overview Asian stock markets showed mixed performance on Monday as major share indices displayed hesitation ahead of crucial inflation data and upcoming earnings reports....

Oil Prices Set to End Week Lower Amid Demand Concerns and Supply Relief

August 23 – Oil prices showed little movement on Friday but are poised to close the week lower. This trend is attributed to weaker-than-expected...

Oil Prices Decline for Fifth Consecutive Session Amid Demand Concerns

Oil prices fell for the fifth straight session on Thursday, driven by growing worries about global demand, despite a recent drop in U.S. fuel...

What Type of Crude Oil Is Used to Make Diesel?

Crude oil is a vital natural resource that serves as the primary feedstock for the production of various fuels, including diesel. Understanding the types...

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