Oil prices slipped on Wednesday as investors weighed a surprise build in U.S. crude stocks last week against attacks on shipping in the Red Sea and a forecast for lower U.S. oil production. Brent crude futures were down 20 cents,

Crude oil prices edged higher as the oil market's response to OPEC+'s larger than expected production increase remains muted, and the EIA trimmed its forecast for US oil production in 2025.

India's crude oil production has decreased to 28.7 MMT in FY25, maintaining a self-sufficiency of 12.3%. LNG imports increased significantly, while overall gas consumption rose.

U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.

Gold prices traded lower, droped 0.39% to $3288 an ounce, near one-week low, pressured by rising Treasury yields and a stronger U.S. dollar (DXY). Silver prices

Exxon, Chevron, and others are increasingly eyeing South America for low-cost, low-emission production as shale basins mature and geopolitical risks remain lower than elsewhere.

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August.

Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.

Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of next week’s trade.

NUPRC says oil sector is rebounding, with rig count rising from 8 in 2021 to 46, reflecting investor confidence

Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open the floodgates of global crude supply.