Tuesday, August 5, 2025

OPEC+ to hike output by 547,000 bpd from Sept; India’s medium crude demand seen rising 1 mn bpd by 2030

Brent crude futures stayed in the $68–69 per barrel range on Monday, with bearish sentiment after the OPEC+ supply announcement and ahead of possible US measures targeting Russian oil buyers from August 8. Most of Russia’s barrels are going to China and India.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/BpZYjvx

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