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West Texas Intermediate (WTI) US Crude Oil tumbled to fresh lows on Tuesday as energy market sentiment extended a pullback in risk appetite. The Organization of the Petroleum Exporting Countries (OPEC) and its extended network of non-meber ally states, OPEC+, recently unveiled plans to slowly walk back voluntary production cuts that were meant to bolster ...
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Incumbent Prime Minister Narendra Modi’s apparent failure to secure an overwhelming victory in India’s general election has prompted a significant fall in commodity share prices. The Nifty Oil & Gas index, a platform reflecting the performance of Indian oil and gas stocks, fell by more than 14% on Tuesday. Meanwhile, some of India’s top upstream oil and gas ...