Brent Oil Futures Hold Steady Above $85 Ahead of US Inventory Data

25 Jun 2024 CW Team

Brent oil futures maintained stability above $85 per barrel as investors awaited the release of US inventory data. The steady pricing reflects prevailing market uncertainty and the anticipation of potential shifts in supply and demand dynamics.

The global oil market has been closely monitoring developments in the energy sector, with a particular focus on supply disruptions and geopolitical tensions. Concerns over supply shortages, exacerbated by production challenges in some oil-producing regions, have contributed to upward pressure on oil prices in recent weeks.

Investor sentiment has been influenced by a range of factors, including ongoing supply chain disruptions, geopolitical uncertainties, and the pace of economic recovery from the COVID-19 pandemic. These dynamics have contributed to heightened volatility in oil markets, with prices reacting sensitively to news and data releases.

Market participants are closely watching US inventory data for insights into supply levels and demand trends, which could influence future pricing dynamics. Any unexpected deviations from market expectations in the inventory report could lead to significant price movements in oil futures.

The stability of Brent oil futures above $85 per barrel underscores the market's cautious optimism tempered by lingering uncertainties. While factors such as global demand recovery and supply disruptions continue to influence oil prices, market participants remain vigilant for any developments that could impact supply and demand fundamentals in the near term.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..