Page 4 - Crude Oil Supply

Bearish oil outlook: Supply surplus, soft demand to cap WTI near $62

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.

Crude oil to see short-term bullish momentum; check strategy, key levels

Oil prices are projected to trade in a broader $58-$64 range in the coming weeks

RIL buys West Asian crude amid Western pressure against Russian flows

While Reliance's typical diet does include crude from the region, the recent spurt of buying was more active than usual

Crude oil outlook: Supply glut, macro headwinds to cap rally; target & more

Crude oil prices continue to trade within a broader range of $5-$7, reflecting the persistent tug-of-war between supply excess and geopolitical flare-ups

Crude oil prices to see continued volatility; check strategy, key levels

Brent crude faces limited upside above $70, as higher prices may dampen Chinese demand, while increased OPEC+ production is helping offset geopolitical risks

US, UAE boost oil flows to India amid Trump's tariff pressure on Russia

India has leaned on the US and UAE to boost spot purchases of crude oil this year to cover immediate needs and navigate geopolitical tensions

Russian crude becomes cheaper for India amid US pressure on oil trade

India became a major importer of Russian crude after the start of the war in Ukraine in 2022, but the South Asian nation was recently slapped with crushing US tariffs for the trade

India pushes back at US over Russian crude, calls 'laundromat' claim false

India defended its Russian oil imports, saying it followed international rules and helped keep global prices stable, rejecting US claims that it fueled the Russian war effort

Trump slams tariff ruling by court, says US could be 'completely destroyed'

US President Donald Trump criticised a court ruling that struck down most of his tariff orders, warning that US would be 'completely destroyed' without them, while one judge defended his stance

Reliance flags crude supply risks amid US tariff blow on Indian exports

Reliance warns of refining margin pressure as US doubles tariffs on Indian goods to 50 per cent over Russian oil imports; 25 per cent came into effect on Thursday, second 25 per cent begins August 27

Trump's first tranche of 25% tariffs on Indian imports take effect

The US imposes 25 per cent tariff on Indian imports from August 7; second 25 per cent duty over Russian oil trade kicks in August 27, raising total tariff to 50 per cent - highest among US partners

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

India to keep buying Russian oil despite Trump's penalty threat: Report

Despite Donald Trump's warning of a penalty, Indian officials say the government had "not given any direction to oil companies" to cut back imports from Russia

'A good step': Trump welcomes reports of India halting Russian oil imports

Amid tariff threats and narrowing price gaps, India's oil firms have paused Russian crude orders; MEA says no official directive

Crude oil price can drop to $55-60 a barrel by December 2025: Premasish Das

Crude oil markets are pricing in a fair amount of uncertainty at the current levels, Das said. That's why oil had dropped below $60 for a time-before the West Asia tensions pushed it back up

Sustained high crude oil prices to hurt downstream players

The fears centre around the possibility of supply routes being interdicted and hence, supply being disrupted, rather than Iranian oil being taken off the market

Threat of supply disruptions rising but India has enough stock: Officials

India has enough crude reserves and is boosting imports from other sources even as the Strait of Hormuz faces risk of disruption due to the escalating Iran-Israel conflict

Analysts see crude at $150 on panic buying if Israel-Iran tensions escalate

The attacks, according to analysts at Rabobank International, expose wider risks to crude and natural gas supplies from the region despite the initial quick reversal of price gains for both markets

Crude oil outlook: WTI may remain-range bound at $56-$60, say analyst

Oil prices have declined 17 per cent for the year-to-date with April marking 18 per cent fall, the biggest monthly drop in prices since November 2021

Indian Oil pauses Russia oil deal talks, says not related to US sanctions

Indian Oil Corporation had a term deal with Russia, which expired in March 2023 and has not been renewed since