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Business News/Topic/ Crude Oil Production

CRUDE OIL PRODUCTION

Get the latest Crude oil production news, videos and headlines. Explore more for Crude oil production breaking news, opinions, special reports and more on mint.

Crude oil benchmarks Brent and US WTI posted a weekly gain of four per cent after US-China trade discussions took off; IN PICTURE: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto (Bloomberg)

Crude oil logs first weekly gain since mid-April on US-China trade talks

2 min read . 10 May 2025

OPEC said the global economy showed a steady growth trend at the beginning of the year, just before trade-related impact. IN PICTURE: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto/Bloomberg

OPEC slashes 2025 global demand growth forecast on Trump tariff-impact

2 min read . 14 Apr 2025

Crude oil outlook: Brent crude futures has declined eight per cent in one month amid the global economic uncertainty due to Trump's tariff hikes. IN PICTURE: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto/Bloomberg (Bloomberg)

Crude oil outlook: Brent nears $65 on Iran export cuts, dips 8% in a month

2 min read . 12 Apr 2025

Crude oil prices lost one-fifth of value since Trump announced higher tariffs on a range of US trading partners on April 2, the biggest five-day drop since March 2022. IN PICTURE: A pump jack in Texas, US; Photographer: Anthony Prieto/Bloomberg

Oil hits four-year low: How to place bullish bets on MCX crude?

4 min read . 09 Apr 2025

Goldman Sachs expects oil demand to grow by 600,000 bpd in 2025, down from its previous forecast of 900,000 bpd, and to increase by 700,000 bpd in 2026. IN PICTURE: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto/Bloomberg

Goldman Sachs slashes crude oil price target by 5.5% amid tariff woes

4 min read . 05 Apr 2025

Oil Prices Today: Weekly, Brent futures gained 1.9 per cent, while WTI rose 1.6 per cent. Brent is up more than seven per cent in March. IN PICTURE: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto/Bloomberg (Bloomberg)

Oil logs third weekly gain on US tariffs; Brent crude gains 7% in March

3 min read . 29 Mar 2025

Crude oil prices: Weekly, Brent rose 2.1 per cent and US WTI 1.6 per cent, their biggest gains since the first week of the year. IN PICTURE: A pump jack in Texas, US; Photographer: Anthony Prieto/Bloomberg (Bloomberg)

Crude oil logs biggest weekly gain since Jan: Brent gains over 2% in five days

3 min read . 22 Mar 2025

Crude oil outlook: Goldman Sach expects a higher OPEC+ supply and expects production increases to start in April, compared to July. IN PICTURE: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto/Bloomberg

Crude oil outlook: Goldman Sachs lowers Brent year-end forecast; here's why

2 min read . 18 Mar 2025

India's crude oil imports: India maximised the purchase of Russian oil ahead of February 27 under the latest US sanctions to settle some energy deals. IN PICTURE: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto/Bloomberg

India's crude oil imports rise from Latin America, Africa rise in February

2 min read . 13 Mar 2025

Brent crude oil futures settled at $70.36 a barrel, up 90 cents, or 1.3 per cent in the previous session. US West Texas Intermediate futures finished at $67.04, up 68 cents, or 1.02 per cent. Both benchmarks logged multi-week lows

Brent logs biggest weekly loss in 4 months: Goldman Sachs eyes downside risk

5 min read . 08 Mar 2025

Oil Prices Today: Brent futures fell $2.19, or 3.1 per cent, to $68.85 a barrel. The US West Texas Intermediate crude declined $2.55, or 3.7 per cent, to $65.71 a barrel; IN PICTURE: A pump jack in Midland, Texas, US (Bloomberg)

Oil extends losing streak for third straight day on Trump tariffs, OPEC+ hike

2 min read . 05 Mar 2025

India looks to boost its energy purchases amid Trump tariff from the US to $25 billion from $15 billion last year; Image Source: Mangalore Refinery & Petrochemicals Ltd. via Bloomberg News

US becomes India's fifth largest oil supplier, Russia retains top spot: Report

1 min read . 20 Feb 2025

OPEC+ extended its latest layer of cuts through the first quarter of 2025 in December 2024, pushing back the plan to begin raising the crude oil supply output for global markets to April 2025. (REUTERS)

OPEC+ to not consider delay of April oil supply hike to global markets

2 min read . 18 Feb 2025

Oil prices settled higher but logged a weekly loss with the Brent crude futures settling up 21 cents, or 0.27 per cent, to $78.50 a barrel.
In Picture: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto/Bloomberg (Bloomberg)

Oil snaps 4-week winning streak; Brent sits at $78/bbl, WTI sheds 4% in 5 days

4 min read . 25 Jan 2025

Brent crude benchmark is on track for their highest close in four months, and the US WTI is also technically overbought territory for the second day in a row.
Photographer: Anthony Prieto/Bloomberg (Bloomberg)

Brent above $81, US WTI overbought after crude oil hits 4-month high

4 min read . 13 Jan 2025

Oil prices rallied over three per cent to hit a three-month high in ht previous session with the Brent crude benchmark crossing the $80/barrel mark for the first time since October 7.
Photographer: Anthony Prieto/Bloomberg (Bloomberg)

Oil sizzles to 3-month high on US santions; Brent rallies 4% to $80

2 min read . 11 Jan 2025

MRPL says that leasing ISPRL's caverns eliminates the need for constructing and maintaining standalone storage facilities, thereby reducing costs. (Bloomberg)

MRPL partners ISPRL for cost-effective crude oil storage facility

2 min read . 07 Jan 2025

Brent crude price averaged at $80 per barrel in 2024 with the outlook turning bearish for 2025 dragged by ample oil market supply and subdued demand from importers.

Brent crude average pegged at $74 for 2025 after hitting $80 in 2024; here's why

6 min read . 01 Jan 2025

Oil Prices Today: Brent crude futures rose 91 cents, or 1.2 per cent, to settle at $74.17 per barrel.
In Picture: A pump jack in Midland, Texas, US; Photographer: Anthony Prieto/Bloomberg (Bloomberg)

Oil logs weekly gain of 1.4% in holiday-thinned trade; Brent sits at $74/bbl

3 min read . 28 Dec 2024

Oil Prices Today: Brent crude futures last rose 48 cents, or 0.7 per cent, to $74.06 per barrel
Photo: Reuters

Oil spikes 1% in holiday-thinned session over China stimulus; Brent hits $74

2 min read . 26 Dec 2024