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Oil Production

Crude Oil Climbs as Hurricane Isaias Triggers Gulf Production Cuts

MCX Live News

Due to Hurricane Isaias’ disruption of US Gulf of Mexico production, which partially offset lessening geopolitical concerns surrounding the Middle East, crude oil finished 0.19% higher at Rs. 8,881, gaining Rs. 17. US offshore producers have curtailed substantial output, with around 1.3 million barrels per day, representing 62.9% of current production, reported as offline, as Read More

Crude Oil Drops as Global Supply Surges

MCX Live News

Crude oil concluded the trading session with a decline of 2.77%, settling at Rs 8,669, as indications of rising global supply overshadowed ongoing geopolitical uncertainties in the Middle East. The G7 nations have reached a consensus to release 100 million barrels of crude and diesel from their emergency reserves, all while continuing to uphold energy Read More

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