Crude oil prices are expected to soften significantly in 2026, and they could touch USD 50/barrel by June 2026, a report said on Monday. According to the SBI Research report, the deceleration of prices is likely to be faster, and this could average CPI inflation for FY27 decisively below 3.4 per cent. Benign energy prices will impact the GDP outlook favourably, it said, adding that the expected impact on annual GDP growth is around 10-15 bps. The medium-term trends since 2022 for Brent and Indian basket show that there has been a downward trend in crude prices, it added. The latest event in Venezuela has not impacted the price significantly on the upside, the report pointed out. Brent crude price has been hovering around USD 60 per barrel for the last one week. Since oil prices constitute the largest component in the import basket and cannot be substituted with domestic production in the short term, contraction of the import bill on account of crude import prices will impact the
Sensex Today | Stock Market LIVE on Friday, January 02, 2026: In broader markets, the Nifty Midcap 100 and the Nifty Midcap 100 were trading 1.01 per cent and 0.72 per cent higher, respectively
Despite multiple flashpoints during the year, oil prices struggled to sustain rallies, highlighting the market's growing sensitivity to excess supply
Sensex today | Stock Market Close, December 31, 2025: In CY 2025, Nifty MidCap 100 rose 5.7 per cent, extending its winning streak to six years, while Nifty SmallCap slipped 5.6 per cent
OMC's are well positioned to benefit from fall in crude prices, improvement in refining margins, fuel consumption growth and petchem demand growth in India.
Oil price outlook: The most significant downward pressure on oil prices this month stems from renewed optimism regarding the conflict in Ukraine.
Brent crude futures fell $1.11, or around 1.8 per cent, to $59.45 a barrel at 1023 GMT, while US West Texas Intermediate crude was trading at $55.71 a barrel, down $1.11, or nearly 2 per cent
Sensex Today | Stock Market highlights on December 15, 2025: In the broader markets, the Nifty MidCap index slipped 0.12 per cent, and the Nifty SmallCap index rose 0.21 per cent
OPEC+, according to a Rabobank International note, will respond to lower prices through supply cuts or through the refined products market
Sensex Today | Stock Market close, Dec 5, 2025: In the broader markets, the Nifty MidCap index gained 0.49 per cent, and the Nifty SmallCap index dropped 0.57 per cent
The global surplus has increased from 0.5 bmpd to around 1.5 mbpd in the last six months
Global oil prices have shown remarkable resilience amid softer economic data from two major consumers: the US and China
Today's columnists write about long-term oil forecasts and wartime 'jugaad' to India's cricket woes, the AI investment frenzy and a new documentary probing US secrecy on non-human intelligence
Stock Market Close on Friday, November 28, 2025: In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 ended lower by 0.11 per cent and 0.27 per cent, respectively.
WTI plunged 2.5 per cent over the past five trading sessions to $58.05/bbl, shedding 5.5 per cent in the last month and more than 20 per cent since mid-June highs near $73/bbl
Among Sensex stocks, Tata Motors Passenger Vehicles, Trent, Infosys, Power Grid, HDFC Bank, HCLTech, Kotak Mahindra Bank, ICICI Bank, and Bajaj Finance were the major laggards
Oil price outlook: While the outlook for the oil market remains bearish with expectations for a large surplus in 2026, robust refinery margins offer counterbalance
Mohammed Imran, research analyst at Mirae Asset Sharekhan believes that global market will remain in surplus of 0.5-0.7mbpd in 2026
Crude oil Outlook: WTI to trade $57-$62/bbl near-term, with upside to $65+ on Russian disruptions. Bearish base case holds unless geopolitics escalate.
The company, controlled by billionaire Mukesh Ambani, has been trying to sell grades including Murban and Upper Zakum on the spot market