Crude oil prices continue to fall. On Tuesday, Brent crude fell 0.8 percent to a July 15 low of $99.26. Investors took caution due to the slowdown in manufacturing and dwindling fuel demand, which saw the price fall. Oil makers are going to consider increasing or not increasing supply this week. This week, the US crude benchmark also settled at $ 92.42, which fell to its lowest level since July 14.
In March, the price of crude oil was at $ 113, which is now trading around $ 100. Analysts said the fall in crude oil prices followed the factory activity data. At the same time, the world economy is also moving towards a slowdown. Its concern grew on Monday when surveys in the United States, Europe, and Asia showed factory activity remained low in July.
OPEC meeting on Wednesday
On Wednesday, a meeting of the Organization of the Oil Producing Countries (OPEC) and other countries with Russia is to be held. In this, a decision on the production of oil will be taken in September. Everyone's eyes are on this decision. It is expected that production may remain stable in September. However, Saudi Arabia can motivate to increase oil production.
slowly falling oil prices
Analysts said the uptrend in oil prices is gradually fading. It may further decline once the supply and demand conditions are clear. Meanwhile, the US imposed sanctions on China and some other companies. These companies helped sell Iranian oil and petrochemical products to East Asia.
No sharp increase in rates by RBI may only increase by 0.25 percent in September: Deutsche Bank
Deutsche Bank said on Monday that fears of a sharp increase in monetary rates by the Reserve Bank
On 22 April 2025, there was a terrorist attack in Pahalgam in which about 26 people were killed.
Bilawal Bhutto Zardari, who was on a two-day visit to India to participate in the Shanghai Cooper
The Supreme Court has adjourned the hearing till Monday on the crisis arising out of the rights o
Bollywood actor Salman Khan's father, Salim Khan, is admitted to Lilavati Hospital, where doctors
The Taliban government completed one year in Afghanistan. After the departure of the American arm
China Taiwan Tension: Taiwan warns Chinese army, says - China should exercise restraint
Taiwan's Prime Minister Sutseng-chang said on Friday that despite repeated warnings that it is no
Shardiya Navratri 2023 Day 2: Shardiya Navratri is celebrated every year from Pratipada Tithi of
Amidst the severe cold, a significant drop in the morning temperature was recorded in Delhi on Fr
The government is considering giving relaxation of certain rules for startups starting their busi
