Singapore: Oil and energy markets remain on shaky ground, weighed down by a mix of regulatory hurdles in India and subdued global demand. Energy companies are facing difficulties in pricing and project approvals at home, while overseas markets are battling supply-demand mismatches driven by slower economic recovery in major economies.
Traders expect continued volatility in crude oil prices, with periodic fluctuations caused by geopolitical tensions and production cuts by OPEC+. In India, the uncertainty is compounded by regulatory bottlenecks, which have delayed new exploration and refinery expansion projects.
Industry experts suggest that the sector could take longer to stabilize compared to other commodity-linked industries, leaving investors and businesses wary of committing to fresh expansion in the near term.