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Energy Preview: WTI crude oil futures extend downside in early Asia

04-Jul-25 08:59 Hrs IST

WTI crude oil extends downside on Friday morning in Asia as excess US inventories and an upcoming OPEC+ meeting triggered supply side concerns. Yesterday's data from Energy Information Administration showed that crude oil inventories rose by 3.8 million barrels to 419 million barrels for the week ending June 27. Total motor gasoline stocks rose by 4.2 million barrels to 232.1 million barrels, suggesting summer season demand is not peaking as expected. Meanwhile, supply side concerns still remain about the OPEC+ meeting on July 6. The cartel intends to raise production by 411,000 bpd in August. Russia is likely to concur with the decision to boost output. Oil futures are currently quoting at $66.80 per barrel, down 0.30% on the day.

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1	01-04-2025	IA	REQUEST FOR PROPOSAL FOR APPOINTMENT OF CONCURRENT INTERNAL AUDITORS FOR PERIOD APRIL 2025 – MARCH 2026
2	01-04-2025	IA	REQUEST FOR PROPOSAL FOR APPOINTMENT OF INTERNAL AUDITORS FOR PERIOD APRIL 2025 – MARCH 2026 - IFCI
3	24-04-2025	IT	RFP for Services of IT Infrastructure Shifting & Configuration	Closed
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4	18-02-2025	IT	RFP for Procurement of HP Hard Disk	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
5	18-02-2025	IT	RFP for Procurement of HP Server	Closed
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6	07-12-2024	Administration	RFP for office premises on lease at Chennai	Closed
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9	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
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12	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
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20	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
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21	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
22	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
23	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
24	24-04-2023	IA	RFP For Appointment Of Internal Auditor iCOM 23-24	Closed
25	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
26	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed