Most public-sector refiners, including HPCL, HPCL-Mittal Energy and Mangalore Refinery and Petrochemicals Ltd, have now paused spot purchases. Indian Oil Corp and Bharat Petroleum have confirmed they ...

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JPMorgan says oil prices could crash more than 50% in the next 2 years

Oil demand has defied bearish predictions to keep rising, but supply is set to increase even more, dragging crude prices lower through 2027.

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Serbia’s NIS oil refinery halts operations as U.S. sanctions take effect

The sanctions have cut off NIS from international banking services and halted crude deliveries via Croatia’s JANAF pipeline, leaving the ...

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Crude Oil Could Crash To $30s By FY27, Predicts JP Morgan; How India Will Be Affected?

Global oil demand is expected to increase by 0.9 million barrels per day (mbd) in 2025, reaching 105.5 mbd. Growth is projected to continue at a similar pace in 2026 and accelerate to 1.2 mbd in 2027.

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What could Maduro offer Trump in potential talks? Oil

Venezuelan President Nicolas Maduro has the flexibility and the incentive to offer crude oil cargoes, which the country mostly sells to China, as a bargaining chip if Venezuela were to hold ...

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