The global price of crude oil today, November 25, 2024
Brent crude futures were down 0.23%, or 17 cents, to $75.00 a barrel by 1314 GMT, while U.S. West Texas Intermediate crude futures were at $71.01 a barrel, down 23 cents, or 0.32%.
INTERNATIONAL Feed Atom
Indian crude oil and condensate production dropped by four percent year-over-year in October 2024, reaching 2.3 million metric tons (MMT), according to recent data from the Petroleum Planning and Analysis Cell (PPAC).
India's domestic crude oil and condensate production fell by 4% YoY in October 2024, reaching 2.3 million metric tonnes, according to PPAC data.
In its latest short term energy outlook (STEO), which was released recently, the U.S. Energy Information Administration (EIA) said India has emerged as the leading source of growth in global oil consumption in its forecast.
Despite rising domestic production, India will increasingly rely on liquefied natural gas imports, especially from Qatar and the Middle East.
The world price of crude oil today, November 21, 2024
Brent crude futures rose $1.48, or 2.03%, to $74.29 by 1158 GMT. U.S. West Texas Intermediate crude futures rose $1.53, or 2.23%, to $70.28.
The world price of crude oil today, October 20, 2024
Brent crude futures increased by 0.3% to $73.53 a barrel in January, while U.S. West Texas Intermediate crude futures reached $69.70 due to expiry.
Oil India Limited and TotalEnergies signed a Technical Service Agreement in Paris on 18th November 2024 to collaborate on drilling stratigraphic wells in Indian Offshore waters.
The US-China Economic and Security Review Commission has called for a six-month study on China's indirect oil entry routes to protect the country from sanctions.
Global Crude Oil Price Today November 19, 2024
Brent crude futures were down 29 cents, or 0.4%, to $73.01 a barrel by 1240 GMT, while U.S. West Texas Intermediate crude futures slipped by 34 cents, or 0.5%, to $68.82.
India's oil product demand saw a 3% year-over-year increase in October, likely to continue in November due to higher vehicle sales and robust agricultural sector demand.
Global Crude Oil Price Today November 18, 2024
Brent crude futures were up $1.52, or 2.14%, to $72.56 a barrel at 1503 GMT, while U.S. West Texas Intermediate crude futures were at $68.41 a barrel, up $1.39 cents, or 2.07%.
President-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
India is poised to lead the global hydrogen energy production and exports says Union minister for petroleum and natural gas Hardeep Singh Puri.
GAIL and Adnoc Gas have signed a 10-year Sales and Purchase Agreement for a long-term contract to purchase up to 0.52 million metric tonnes per annum of liquified natural gas.
India's Union Petroleum Minister, Hardeep Singh Puri, expressed optimism that increased oil production from US, Canada, and Brazil will stabilize global oil markets and reduce price volatility.
India's Petroleum Minister, Hardeep Singh Puri, expressed hope that increased oil production from western countries like the U.S. and Canada will stabilize markets and prices.
Global Crude Oil Price Today November 13, 2024
Brent futures rose 14 cents, or 0.2%, to $72.03 a barrel by 0745 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 13 cents, or 0.2%, at $68.25.
Days after a blast triggered a fire at its Gujarat refinery resulting in the death of one person, Indian Oil Corporation (IOC) reported a fire at its Mathura refinery on Tuesday (November 13, 2024).
The OPEC Monthly Oil Market Report provides insights into short-term global oil market developments, including economic, price, consumption, production, trade, and tanker market.