China, the world’s largest oil importer, has been a source of concern for the oil market.

The American Petroleum Institute released data on Tuesday showing a larger-than-expected decrease in U.S. oil inventories for the week ending July 12.

Higher supply from Nigeria and Iran offset the impact of voluntary supply cuts by other members and the wider OPEC+ alliance.

The current trading price of INR 221 is below the stock’s IPO listing price of INR 298.

The growing anticipation of an imminent Fed easing cycle has sparked a risk rally across stock markets.

This situation likely contributed to the decision to allow milk powder imports.

The United States, as the world’s largest oil consumer, is entering its peak summer consumption period.

The shift in market sentiment is also reflected in the actions of hedge funds and other money managers.

Prices fell in early trading on Wednesday after data from the U.S. Energy Information Administration revealed that U.S. crude stocks had surged by 1.2 million …

The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) have decided to prolong their existing oil production cuts, eliciting a mixed response from …