The oil producing group decided on sunday to increase production only modestly in November. That looks like a healthy compomise between the Saudi Arabia's stance for market share and russia's position to make adjustments to the prodiuction. With oil prices near a four-month low before the group's meeting, the decision seems a middling path for a modest increase in output.

Oil Surplus Glut Shows Signs The Market Is Starting To Shift

Rising tensions between India and Pakistan following recent cross-border military action are unlikely to significantly impact global crude oil prices, according to industry experts.

Despite concerns about regional stability, analysts note that oil supply chains remain intact, and the geopolitical situation has not escalated to a level that would threaten global energy flows.

Crude Unfazed By India-Pak Clash

Crude oil prices experienced a significant decline, falling below $60 per barrel briefly -- this was following OPEC+'s announcement to increase production by 411,000 barrels per day starting in June. This move comes after a similar increase in May and has raised concerns about a potential oversupply in the market.

Crude oil dips below $60 amid OPEC+ move

Trump calls his New York rally a ‘lovefest’ as he faces backlash for crude and racist remarks

Let's look at Russia's crude exports data ahead of the virtual OPEC+ meeting on Sunday. Russia's four-week average oil exports fell for a third consecutive week, with shipments reaching a two-month low.

Russia's crude exports drop comes ahead of OPEC+ meeting

The group of seven nations aimed to cripple Russia's war chest by capping the price of their Urals oil at $60 a barrel. To enforce the cap, western companies providing shipping insurance require documentation stating the oil was purchased for $60 or less. But oil is currently trading at $75 a barrel. This creates a discrepancy. How can these companies insure oil demonstrably above the capped price?

23% of Russian crude shipments exceed G7 price cap

More than 250,000 barrels per day of US crude is set to arrive in India next month. It will be the highest in more than a year, ship tracking data showed. Watch this video for all details.

Why are Indian refiners buying more US crude?

Qatar has agreed to supply Shell in Singapore with up to 18 million barrels of oil a year for five years in what the Gulf state's energy company said was its first ever five-year crude sales deal.

Qatar Energy & Shell ink 5-year-deal for 18 mn barrels a year | CrudeOil Deal

Saudi Arabia's oil Behemoth Aaron KO reveals a dramatic 40 drop in profits for the second quarter Aaron core reported 30.07 billion dollars in net profit for the second quarter a drop of nearly 40 from the 48.4 billion dollars recorded in the same period just last year now who's the culprit here. What's the culprit here lower crude oil prices and weakening refining and chemicals margins the oil sector's roller coaster continues as Adam core's plummeting profits align with industry Trends this decline echoes in the financial results of other energy giants like BP Exxon Mobil shell and total energies who have all struggled with reduced earnings due to the drag of a weaker oil prices as Adam core navigates this period of uncertainty Global attention turns towards the upcoming U.N climate talks hosted by the United Arab Emirates with increased pressure to reduce Reliance on fossil fuels these events will serve as a pivotal drop backdrop for discussions on sustainable energy strategies

Saudi Aramco's Q2 report shows earnings dip

Oil prices experienced a 2% drop as concerns over the US debt ceiling standoff and rising jobless claims weighed on market sentiment. The stronger US Dollar further added pressure to crude prices, reaching its highest level in a week against major currencies. Brent crude fell to around $75 per barrel from $78 earlier in the week, sparking recession fears amidst global economic concerns and political tensions. While this may imply cheaper fuel prices, a stronger dollar can strain countries that import oil.

Recession fears ignite oil market turbulence

Oil prices rebounded at the end of the week gone by, but still experienced their third consecutive weekly decline. This was following concerns of the US banking crisis causing an economic slowdown and a decline in fuel demand.

Crude prices to remain elevated

Russia is sending more crude oil produced in the Arctic region to India & China at steeper discounts. This after Europe slammed its doors shut on Russian supplies last month. Watch this video for all the details.

Why is Russia sending more Arctic oil to India & China?

The Russian invasion of Ukraine continues, the European Commission proposed a ban on Russian oil imports, so far this is Europe's toughest move to isolate Russia. In the immediate aftermath, oil prices jumped on Wednesday.

Russia Ukraine crisis: Europe aims to phase out Russian crude in six months

Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential US rate hikes would hurt global economic growth and fuel demand.

Oil prices extend losses as Shanghai lockdowns hit demand outlook

Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban, Iran delay

Ahead of resumption of indirect talks between the US and Iran, oil prices have eased today morning which may revive a nuclear deal, it could lead to removal of sanctions on oil sales and it can increase global supplies.

Oil slips from seven-year highs ahead of US-Iran talks

US oil prices rose sharply yesterday climbing above $81 a barrel for the first time in two months. Crude closed at $81.22 a barrel, up nearly four percent on the day now it's the highest level for oil since November.

US crude oil prices climb to two-month high

US asks India, China, others to consider tapping oil reserves

On Wednesday, Brent settled at its highest price since April 2019 while WTI settled at its highest since October 2018.

Oil slips again on surging US dollar

OPEC and allies set for another crude output increase

Brent crude oil rebounded from 2-days of losses. Oil trading has been more volatile than ever in recent days. Watch report.

US oil jumps 20% in wild trade: Revound from 20-yr low levels

Oil falls on trade dispute despite surprise drop in US crude inventories

OPEC oil production falls as Saudi Arabia slashes output

Fuel prices continue to rise, petrol reaches Rs 71.14 per litre in Delhi, Rs 76.77 per litre in Mumbai

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