Oil Prices Rise Amid Tensions

25 Nov 2024 CW Team

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.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..