The latest report by S&P Global highlights that geopolitical tensions and shifting trade policies could potentially have a negative impact on the global oil demand.
Global crude oil prices are likely to see downside, weighed down by the de-escalation of the Israel-Iran conflict, soft demand and increasing supply, revealed a latest research report by ICICI Bank.
Amid rising tensions in the Middle East due to continued military action by Israel and Iran, experts have said that any closure of the Strait of Hormuz will hit global oil trade.
In a sharp warning on Monday, US President Donald Trump urged "everyone," including businesses and individuals, to keep prices in check, cautioning that the rising costs could "play into the hands of the enemy."
Roughly 20 per cent of global oil and a significant portion of natural gas pass through the Strait. Europe imports oil and liquefied natural gas (LNG) from Gulf states--Saudi Arabia, Qatar, UAE-- much of which travels through the Strait. If Iran blocks it, global oil prices would spike, a
The Reserve Bank of India's (RBI) decision to maintain higher risk buffers is expected to strengthen its balance sheet and support India's macroeconomic fundamentals, especially at a time when global oil prices are expected to remain benign, according to a recent report by ICICI Bank.
India is expected to play an integral role in global energy dynamics, as the country emerges as a source of energy demand optimism, overpowering the headwinds faced by the global oil markets, S&P Global Commodity Insights said on Wednesday.
United States may reduce its oil production which could lead to an annual decline in output in 2026 due to the sluggish demand and falling crude prices, according to a new analysis by S&P Global Commodity Insights.
"With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs," said the report.
These insights emerged on the third day of India Energy Week 2025 during a session titled "India's Global Capability Centres -- Harnessing the evolution of Oil & Gas R&D". Industry leaders from ExxonMobil, Shell, Chevron, bp, and SLB shared their experiences.
This surplus, though modest, is expected to exert downward pressure on oil prices, with Brent crude likely to average around USD 71 per barrel next year.