EU considers tightening price cap for Russian oil
Another initiative from Brussels is to disconnect over two dozen banks from SWIFT
oil prices
Oil market braces for prolonged downturn
The global oil market is poised to enter a prolonged downturn in crude prices, potentially lasting several years. The world's largest oil companies, including BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are taking …
Oil price heading towards $60 per barrel
Oil prices extended losses on Monday, falling more than 2% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude while OPEC+ readies a supply increase. The price …
Falling prices forced OPEC+ to reconsider production quotas
It was decided not to change plans for a gradual increase in production by 150,000 bpd per month
Oil prices fall below $69 per barrel
Brent crude oil fell below $69 for the first time since early March. The price decline continues for the second day amid Trump and OPEC+ decisions.
Oil price slips to $70
Oil prices fell on Wednesday after Russian President Vladimir Putin and U.S. President Donald Trump held talks. Brent crude futures fell 23 cents, or 0.3%, to $70.33 a barrel by 0730 GMT. U.S. West Texas Intermediate crude …
Oil prices drop as U.S.-China trade war intensifies
Crude oil prices slumped to their lowest level this year amid concerns of weakening demands after China announced a retaliatory tariff on US crude oil …
How will Trump's ideas affect the oil market?
Trump expects that energy resources will make the USA a rich country again. His plans include doubling oil and gas production in the country.
Oil returns to $80
Brent oil futures almost reached $80 per barrel during today's trading in London, while WTI also showed growth, rising to $75.
Brent prices climb above $80
Brent oil futures with delivery in December moved up above $80 per barrel on the London-based ICE yesterday for the first time since August 29, according to market data. Brent futures had gained 2.75% to $80.2 a barrel but rolled back …
OPEC+ to increase oil production
In a few months, OPEC+ will begin to increase oil production
Why oil prices fall below $70?
The price of oil reached a record low this week. The price per barrel of Brent fell below $70.
'Black Monday' crashes Asian stock markets, bitcoin and oil
Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as fears of a U.S. recession sent investors fleeing from risk while wagering that rate cuts would be needed to rescue …
Oil price going up
Brent oil futures with delivery in August climbed above $87 per barrel at the London-based ICE for the first time since April 30, 2023, according to trading data. Brent prices edged up by 0.46% to $87.04 a barrel. WTI futures …
Oil prices plummet once again
Oil prices eased on Tuesday, extending losses from a four-month low in the previous session, according to trading data. Brent crude futures …
IEA: global oil production drops
Global oil production in April 2024 decreased by 200,000 barrels per day (bpd) to 102 mln bpd, according to the International Energy Agency (IEA). It …
Saudi oil price to increase for Asia
Saudi Arabia raised the price of its crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global …
Does U.S. lift sanctions against Russian oil?
The United States resumed importing Russian oil last October for the first time since March 2022. The interruption in the supply of energy resources was one and a half years. The U.S. resumed imports of Russian oil in …
Oil prices steady
Oil prices steadied, giving up most of its earlier gains, as Middle East supply concerns arising from the Israel-Hamas conflict and the shutdown of …
Azerbaijani oil price rising
The price of Azeri Light Azerbaijani oil on the world market increased by $2.75 or 3.4% to $83.45, Trend reported, citing the source from the country's oil and gas market. The Azeri Light crude oil price based on CIF in the Italian …
