OIL PRICES

China’s Oil Puzzle: Imports climb while demand stalls

Oil prices rise as US-China trade talks soothe market jitters

Oil prices saw an increase on Monday. This followed positive signals from U.S.-China trade discussions. Both sides indicated progress, boosting market confidence. Investors are optimistic about a potential resolution to the trade dispute. OPEC+ plans to increase output in May and June. Talks between Iran and the U.S. continue regarding Tehran's nuclear program. U.S.

Warren Buffett’s $11 billion oil bet is down 21% from 2025 peak. Will this be his oil regret 2.0?

One of Warren Buffett’s largest public equity investments is now deep in the red. Occidental Petroleum, in which Berkshire Hathaway holds a 28.2% stake, has seen its shares slump 21% from their 2025 peak of $53.20, closing at $42.16 on Friday.

Foreign love rekindled: What 14 days of FII buying signals for Indian markets

After two decades, domestic investors hold more NSE-listed stocks than foreign investors, but FIIs have recently returned as net buyers. Historical data suggests sustained FII buying often precedes market uptrends. Factors like RBI liquidity measures, falling crude oil prices, a stronger rupee, and easing trade tensions are drawing FIIs back to Indian equities, potentially driving the Nifty 50 higher.

US-China trade talk optimism drives oil prices to weekly gains

Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China talks. Brent crude settled at $63.91 a barrel, while WTI reached $61.02, both benchmarks up over 4% week-over-week.

India’s macro tailwinds offer relative strength amid global uncertainties: Jyotivardhan Jaipuria

Our view is that probably the worst of the tariffs we saw on April 2nd and from here tariffs are going to get a little more sane. We will see a lot of deals happening and so maybe four months later we will find that the tariff is not as bothersome, but in spite of that probably you are seeing a global economy which is going to slow down.

Oil prices little changed ahead of Sino-US trade meeting

Oil prices remained steady on Friday after a previous surge, buoyed by easing U.S.-China trade tensions and a new U.S.-Britain trade agreement. Brent crude is at $62.91 a barrel, while WTI is at $59.98. U.S. and China will meet to resolve trade disputes, while Britain lowered tariffs on U.S. imports.

Oil prices steady after dropping as economic uncertainty, supply concerns weigh

Oil prices saw stability on Thursday. This follows a previous drop due to worries about the U.S. and China trade discussions. These talks are scheduled for May 10 in Switzerland. Investors are concerned about the potential impact on global oil consumption. Rising U.S. gasoline inventories also contribute to demand concerns.

India to save Rs 1.8 lakh cr on import bill on softening global oil prices

India could save up to ₹1.8 lakh crore on crude oil imports and ₹6,000 crore on LNG imports in FY2026 if global oil prices remain in the $60–70 per barrel range, according to ICRA. With over 85% of its crude needs imported, India spent $242.4 billion on crude and $15.2 billion on LNG in FY2025. Falling oil prices, driven by oversupply and global demand uncertainty, have eased fuel costs.

Oil up on signs of more Europe and China demand, less US output

Brent crude futures gained 37 cents a barrel, or 0.6%, to $62.52 a barrel by 1215 GMT, while U.S. West Texas Intermediate crude was at $59.53 a barrel, up 44 cents, or 0.74%.

UBS finds 4 reasons to be bullish on Indian stocks, picks 4 fav sectors

UBS forecasts an 8% Nifty 50 upside over the next year, driven by a Rs 7 trillion consumption stimulus, lower oil prices, resilient rural demand, and attractive valuations. The brokerage favours financials, autos, real estate, and consumption sectors, while remaining cautious on IT, industrials, and pharma due to global uncertainties.

Oil prices fall below $60 per barrel, time ripe for hike in fuel duties

Oil prices have dipped below $60 a barrel, potentially boosting Indian refiners' margins. While petrol and diesel prices may remain stable for consumers, jet fuel could see a decrease. The government might increase fuel duties to capitalize on the price drop and allow refiners to build margin buffers, impacting retail pricing strategies.

Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes

Barclays has revised its Brent oil price forecast downward, projecting $66/bbl for 2025 and $60/bbl for 2026. This adjustment is primarily attributed to OPEC+'s decision to accelerate oil production hikes, despite tariff-related pressures. The group's accelerated unwinding of output cuts, influenced by Saudi Arabia, and slightly slower U.S. oil output growth contribute to the revised outlook.

'Bombshell' OPEC+ output hike hits oil price

Oil prices fell due to increased production by OPEC+ members. Asian stocks showed mixed performance with major markets closed. Saudi Arabia and Russia are among those increasing output. Concerns about oversupply and a potential global economic slowdown are impacting the market. Wall Street had a strong week, while European markets also saw gains.

Rupee strengthens at 84.25 amid falling oil prices and equity inflows

The currency had strengthened to 84.13 per dollar during the day, but dollar demand from importers weakened the currency, which had closed at 84.58 per dollar the previous day, LSEG data showed.

Rupee ends higher, aided by stronger yuan and slumping oil prices

The rupee closed at 84.25 against the U.S. dollar, up 0.4% on the day. The currency had touched a peak of 84.1275 in early trading but trimmed gains in the latter half of the session.

Saudi push into Indian refining is stalling over crude supply

Saudi Arabia's efforts to invest in Indian oil refineries are facing hurdles due to disagreements over crude supply terms. Saudi negotiators are pushing for supplying half the crude at official selling prices, while India desires a smaller share at discounted rates, aligning with their stake in the ventures.

BPCL, HPCL, IOC shares surge up to 6% as oil prices slide over $2/bbl after OPEC+ output hike

Brent crude futures fell $2.04, or 3.33%, to $59.25 a barrel by 2240 GMT, while U.S. West Texas Intermediate dropped $2.10, or 3.60%, to $56.19 a barrel. Both benchmarks opened Monday at their lowest levels since April 9, reacting to OPEC+’s decision to raise oil production for a second consecutive month.

India may benefit as oil faces fresh downside on weak global cues: Jonathan Barratt

I get a sense that prices are under pressure. OPEC in themselves have made a decision because they actually sort of need US dollars and as a result of that you will see oil prices under quite a bit of pressure.

Oil prices drop $2 with most Asian markets closed for holidays

Crude oil prices declined following OPEC+'s decision to boost production. US futures also experienced a dip. Global markets showed mixed performance with losses in Australia and Taiwan. Wall Street extended its winning streak amid trade war concerns. Job growth in April was solid, but trade tensions continue to loom.

Shell looks to capitalise on BP's slide with potential bid

Any final decision will likely depend on whether BP stock continues to slide, the people said. Shares of BP have already lost nearly a third of their value in the last 12 months as a turnaround plan has fallen flat with investors and oil prices tumbled. Shell may also wait for BP to reach out or for another suitor to make a first move, and its current work could help it get prepared for such a scenario, some of the people said.

India's April palm oil imports drop 24%, remain below normal levels, dealers say

India's palm oil imports saw a dip in April. This decline is due to palm oil's higher price compared to soyoil. Consequently, soyoil purchases increased. Overall edible oil imports also decreased. However, palm oil is now cheaper than soyoil. This shift may lead to increased palm oil purchases in May. Nepal's edible oil imports also experienced a decrease in April.

Oil prices rise as China says it's open for trade talks with US

Oil prices saw a boost in Asian trading following China's indication of openness to U.S. trade talks, fueling hopes for de-escalation. Brent crude rose to $62.51 a barrel, while U.S. WTI crude reached $59.62. President Trump's threat of sanctions on Iranian oil buyers also underpinned prices, raising supply concerns.