Global oil markets are experiencing sharp volatility due to geopolitical tensions in West Asia, sparking fears of economic fallout. While crude prices have surged, economists suggest the reaction is largely emotional, with market fundamentals and economic implications creating a complex dynamic. Asian economies, heavily reliant on imported energy, are particularly vulnerable and are considering emergency responses.
Brent below $80 to sustain OMC earnings recovery
Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned
July 13, 2026