The price of Brent crude, the international benchmark, averaged around $75 per barrel in February, down from $77.55 the previous month. This decline comes amid a shift in oil production strategies by major producers and ongoing market fluctuations
According to market analysts, the global price of crude oil has remained relatively steady over the past month, with Brent oil averaging around $73.06 per barrel in December 2024, compared to $73.20 in November
This Month India has registered its position as the largest supplier of refined fuels in Europe while buying crude Oil from Russia in huge quantities, said data analytics firm Kpler.
Amid the rising tensions in the Middle East and increasing concerns about the Russia-Ukraine discords, the oil prices witnessed a hike on Monday, January...