Oil Prices Rise Amid Tensions
OIL & GAS

Oil Prices Rise Amid Tensions

Oil prices increased on Thursday due to heightened geopolitical tensions between Russia and Ukraine, despite a significant rise in U.S. crude inventories. Key movements:

Brent crude rose 96 cents (1.3%) to $73.77. WTI crude increased 99 cents (1.4%) to $69.74. Earlier, prices had gained more than $1 in intraday trading.

Geopolitical Tensions Key developments driving oil prices:

Ukraine’s Missile Strikes: Deployment of British and U.S. cruise missiles against Russia. Russia’s Retaliation: Launching an intercontinental ballistic missile at Ukraine, marking its first use in the conflict. The ongoing conflict reached its 1,000th day this week, with risks of targeting Russian energy infrastructure raising concerns. Analysts suggest uncertainty in Moscow’s response as a significant factor impacting the market.

OPEC+ Outlook Discussion within OPEC+ (responsible for nearly 50% of global oil production) indicates potential delays in planned output increases:

Initial plans to reverse production cuts between late 2024 and 2025 may be deferred. The IEA projects global supply will exceed demand in 2025, even with current OPEC+ cuts. Inventory Data Despite geopolitical tensions, U.S. inventory data weighed on markets:

Crude inventories rose by 545,000 barrels to 430.3 million barrels, surpassing expectations. Gasoline stocks increased more than forecast. Distillate stockpiles declined beyond anticipated levels. Conclusion Escalating conflict and potential supply disruptions overshadowed bearish inventory data and weak demand outlooks. Ongoing Ukraine-Russia tensions remain a critical driver of volatility in global oil markets.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Oil prices increased on Thursday due to heightened geopolitical tensions between Russia and Ukraine, despite a significant rise in U.S. crude inventories. Key movements: Brent crude rose 96 cents (1.3%) to $73.77. WTI crude increased 99 cents (1.4%) to $69.74. Earlier, prices had gained more than $1 in intraday trading. Geopolitical Tensions Key developments driving oil prices: Ukraine’s Missile Strikes: Deployment of British and U.S. cruise missiles against Russia. Russia’s Retaliation: Launching an intercontinental ballistic missile at Ukraine, marking its first use in the conflict. The ongoing conflict reached its 1,000th day this week, with risks of targeting Russian energy infrastructure raising concerns. Analysts suggest uncertainty in Moscow’s response as a significant factor impacting the market. OPEC+ Outlook Discussion within OPEC+ (responsible for nearly 50% of global oil production) indicates potential delays in planned output increases: Initial plans to reverse production cuts between late 2024 and 2025 may be deferred. The IEA projects global supply will exceed demand in 2025, even with current OPEC+ cuts. Inventory Data Despite geopolitical tensions, U.S. inventory data weighed on markets: Crude inventories rose by 545,000 barrels to 430.3 million barrels, surpassing expectations. Gasoline stocks increased more than forecast. Distillate stockpiles declined beyond anticipated levels. Conclusion Escalating conflict and potential supply disruptions overshadowed bearish inventory data and weak demand outlooks. Ongoing Ukraine-Russia tensions remain a critical driver of volatility in global oil markets.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?