UAE's ADNOC lowers crude OSP to USD 63.06/bbl for February (vs January's 65.53)
ADNOC's decision to lower its official selling price (OSP) for crude oil signals a supply-side adjustment that could impact global oil pricing dynamics.
Indian Bank Loan Growth YoY (Dec/26) Y/Y 14.5% (Prev. 12% )
Guangzhou Futures Exchange announces an adjustment of price limits and margin requirements for platinum and palladium futures from 13th January
UAE's ADNOC lowers crude OSP to USD 63.06/bbl for February (vs January's 65.53)
EU is looking at potentially designating Meta's (META) WhatsApp as a very large platform
US President Trump to met with oil executives at 19:30GMT/14:30EST, Politico reports
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This 2.47 USD reduction from January suggests a potential oversupply or reduced demand expectations, which may weigh on prices for WTI and Brent benchmarks. Traders should also watch for broader implications on inflation and currencies linked to oil revenues, particularly in the USD and emerging market currencies.
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