Try GOLD - Free
Softening oil prices
Financial Express Bengaluru
|March 10, 2025
The prospects for weaker demand amidst higher oil supplies will clearly weigh on prices
-
RENT SPOT PRICES softened to lows of $69.7 a barrel last week as global markets reacted to US President Donald Trump's tariff disruption and the oil cartel, Organization of the Petroleum Exporting Countries (OPEC), and its allies' decision to increase production from April. The prospect of a trade war has triggered fears of weaker global demand amidst prospects of higher oil supplies. The question naturally is whether the dip in oil prices is only a blip or an augury for a persisting downtrend. Global oil prices have been trending lower since the second half of 2024, averaging $77 a barrel. They rallied to $79.27 a barrel in January before slumping to $75.44 a barrel in February. Concerns about Trump's tariff bluster were already weighing on global crude prices. The US President has also been exerting pressure on Saudi Arabia and other OPEC nations to “bring down the cost of oil” while doubling down on his threat to use tariffs. The oil cartel and its allies appear to have o
This story is from the March 10, 2025 edition of Financial Express Bengaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Bengaluru
Financial Express Bengaluru
Beauty startups see return of VC interest
AFTER NEARLY TWO years of muted deal making, direct-to-consumer beauty sector is beginning to see a revival in venture capital interest, with a clutch of young brands raising fresh fundings over the past few months.
2 mins
January 19, 2026
Financial Express Bengaluru
Persistence pays
A REJECTED CREDIT CARD APPLICATION PUSHED A WALL STREET RETURN TO BUILD STASHFIN - REIMAGING HOW LENDING WORKS FOR BORROWERS BANKS OVERLOOK
3 mins
January 19, 2026
Financial Express Bengaluru
Alibaba links shopping to main AI app
ALIBABA GROUP HOLDING plans to link its flagship online shopping and travel services to its AI app, taking its biggest step yet to build Qwen into its one-stop AI platform for consumers.
1 min
January 19, 2026
Financial Express Bengaluru
Retail sector stress shows demand recovery uneven
THE DECEMBER QUARTER earnings of the country's top two organised retailersReliance Retail and Avenue Supermarts-point to a shaky recovery in consumer demand.
2 mins
January 19, 2026
Financial Express Bengaluru
Scaling the cure
FITT, IIT DELHI, IS REENGINEERING AI HEALTHTECH
2 mins
January 19, 2026
Financial Express Bengaluru
AI startups...
“WE HAVE CLIENTS in the US, Japan, the Philippines, Southeast Asia, and parts of West Asia.
1 mins
January 19, 2026
Financial Express Bengaluru
Gold likely to extend gains; silver may ease: Analysts
GOLD PRICE IS expected to maintain its upward momentum in the coming week, driven by safe-haven demand and expectations of policy easing by the US Federal Reserve, while silver may witness consolidation after a stellar rally, according to analysts.
1 min
January 19, 2026
Financial Express Bengaluru
'A country is built by dirtying your hands, not by buying & selling shares'
attract entrepreneurs back into manufacturing.
2 mins
January 19, 2026
Financial Express Bengaluru
Fiscal space for FY27 limited, conditional, say economists
• Expenditure savings to remain a buffer
3 mins
January 19, 2026
Financial Express Bengaluru
AI adoption outpaces training: Report
ARTIFICIAL INTELLIGENCE (AI) ADOPTION at workplaces is outpacing corporate training programmes, with 71% of professionals believing their roles will change over the next few years as new tools and workflows become mainstream, according to a report.
1 min
January 19, 2026
Listen
Translate
Change font size