Select News Languages

English

Arabic

Telugu

Hindi

France

Log in

Have no account yet? Sign up

Create an account

I read and accept the Terms and conditions.

Already have an account? Log in

Reset password

Remember your password? Log in

Terms and conditions

Terms and Conditions

These terms and conditions apply to the News National app (hereby referred to as "Application") for mobile devices that was created by (hereby referred to as "Service Provider") as an Ad Supported service.

Upon downloading or utilizing the Application, you are automatically agreeing to the following terms. It is strongly advised that you thoroughly read and understand these terms prior to using the Application. Unauthorized copying or modification of the Application, any part of the Application, or our trademarks is strictly prohibited. Any attempts to extract the source code, translate the Application into other languages, or create derivative versions are not permitted. All intellectual property rights remain the property of the Service Provider.

The Service Provider is dedicated to ensuring the Application is as beneficial and efficient as possible. They reserve the right to modify the Application or charge for services at any time and for any reason. Any such charges will be clearly communicated.

The Application stores and processes personal data provided by you. You are responsible for maintaining the security of your device and access to the Application. Jailbreaking or rooting your device is strongly discouraged as it may compromise security and application performance.

Third-Party Services

The Application uses third-party services that have their own Terms and Conditions. Refer to the following links:

Google Play Services
AdMob
Google Analytics for Firebase
Firebase Crashlytics

Limitations and Responsibilities

Some Application functions require an internet connection (Wi-Fi or mobile data). The Service Provider is not responsible if the Application does not function fully due to lack of access or depleted data. If using the Application outside a Wi-Fi area, you accept responsibility for any charges incurred, including roaming fees. If you are not the bill payer, it is assumed you have obtained permission.

It is your responsibility to keep your device charged. The Service Provider is not responsible if the device is unavailable due to a drained battery.

While the Service Provider strives to keep the Application updated and accurate, they rely on third-party data and do not accept liability for losses caused by reliance on Application functionality.

Updates and Termination

The Application may be updated to remain compatible with the operating system. You agree to install updates as offered. The Service Provider may discontinue the Application at any time without notice. Upon termination:

Rights and licenses granted to you will end.
You must stop using the Application and delete it from your device.

Changes to These Terms and Conditions

The Service Provider may update these Terms and Conditions periodically. Please review this page regularly. Changes will be posted on this page.

Effective Date: 2025-07-23

Contact Us

If you have questions or suggestions about the Terms and Conditions, contact the Service Provider at:
📧 info@news-national.com

Do you agree to our terms? Sign up

Global Oil Markets Range-Bound Amid Oversupply Fears, OPEC+ Meeting In Focus

ABP LIve

1 week ago

3

0 👍 ❤️ 😂 😮 😢 😡

Oil markets opened the week trading in a narrow band, with gains from geopolitical tensions offset by concerns over higher production and weak demand prospects.

Prices dipped slightly on Monday, reflecting a cautious tone as traders balanced supply disruptions from the Russia-Ukraine conflict against signals of rising output from major producers, reported Reuters.

Muted Trading Amid Global Pressures

Brent crude slipped by 12 cents, or 0.18 per cent, to $67.36 a barrel in early Asian trading, while US West Texas Intermediate (WTI) crude fell 13 cents, or 0.2 per cent, to $63.88. Analysts expect volumes to remain subdued through the day due to the US bank holiday.

The cautious sentiment comes after Ukrainian President Volodymyr Zelenskiy pledged further retaliation against Russia following drone attacks on power facilities. Intensified strikes by both countries in recent weeks have targeted energy infrastructure, curtailing some Russian exports. According to data cited by ANZ analysts, weekly shipments from Russian ports declined to 2.72 million barrels per day, the lowest level in four weeks.

Concerns Over Oversupply

While Russian flows remain under scrutiny, forecasts suggest that prices are unlikely to see major gains this year. A Reuters survey published last week pointed to growing risks of oversupply, with top producers continuing to ramp up output. In the US, crude production reached a record high of 13.58 million barrels per day in June, up 133,000 barrels per day from May, according to the Energy Information Administration.

Investors are also keeping a close eye on OPEC and its allies, with a meeting scheduled for 7 September expected to provide fresh signals on the group’s production strategy. Any hint of additional supply could further weigh on the market.

Demand Outlook Under Strain

Global demand concerns remain another headwind. China’s manufacturing sector contracted for a fifth consecutive month in August, an official survey revealed on Sunday, underlining sluggish domestic demand and uncertainty around trade relations with the US. At the same time, fears that American tariffs could dampen consumption continue to linger.

Markets are also awaiting the latest US jobs report later this week, which is set to provide important clues about the health of the world’s largest economy. Traders believe the data could influence the pace of expected interest rate cuts, which in turn may sway risk appetite for commodities such as oil.

Balancing Risks Ahead

For now, oil remains caught between supply-side disruptions and the prospect of rising output. While geopolitical tensions lend support to prices, strong US production, soft Chinese demand, and uncertainty around tariffs are preventing any significant rally. With OPEC+ discussions on the horizon and key US economic data due, the coming days are likely to set the tone for crude markets heading into September.

Click here to Read more