Premium gasoline prices increase in Iran
Iran's Oil Minister has confirmed a rise in premium gasoline prices following the launch of a pilot sales project.
oil prices
Russia to increase oil production to 3.8 bln barrels per year
Russia's annual oil production will increase in the medium term to 540 million tons per year, or 3.8 billion barrels per year, or 10.35 million barrels per day, Russia's Deputy Prime Minister Alexander Novak said.
Russia ready to maintain stability in global oil market
The global oil market remains sensitive to demand-supply fluctuations and OPEC+ nations will take additional measures to maintain its stability, Russian Deputy Prime Minister Alexander Novak said.
Oil prices expected to fall globally
The market will face an oil supply surplus of approximately 2 mln barrels per day
OPEC+ countries to continue increasing oil production
OPEC+ countries have increased their production quotas by over 2.7 mln barrels per day since April of this year
Oil prices jump after U.S. sanctions Rosneft and Lukoil
Oil prices have jumped after the United States has sanctioned Russia’s two largest oil companies.
Oil prices slip to $60 per barrel
Oil prices dipped on Monday, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand.
Azerbaijani oil price surges
The price of Azeri Light crude oil increased by $0.21, or 0.3%, reaching $68.34 per barrel.
Riyadh to raise oil prices for Asia, US in September
Arab Light will cost $3.2 more than the Oman/Dubai oil benchmark
OPEC+ countries to increase oil production in autumn
The eight OPEC+ countries that voluntarily cut oil output have decided to increase production in September by 547,000 barrels per day, which is in line with the original plan to increase production for four months, according to a statement posted on the OPEC website.
OPEC+ states to discuss increasing oil production in September
Eight OPEC+ members will likely approve another oil output hike on Sunday, sources said, with the group still debating the final size of the increase for September.
Brent returns to $70 per barrel
Oil prices are growing by more than 2%, with Brent crude surpassing $70 per barrel.
U.S. declines to join EU plans to lower Russian oil price cap
The United States has not joined the European Union’s plans to lower the price cap on Russian oil as part of the bloc’s 18th sanctions package, EU foreign policy chief Kaja Kallas said upon arrival at a meeting of EU foreign ministers.
Azerbaijani oil elevates in price
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta increased by $0.79 (1.06%) compared to the previous rate, now sitting at $75.49 per barrel, a source in the oil and gas market said.
Oil and gas prices drop after Israel-Iran ceasefire reached
Oil prices hit their lowest in two weeks today as a freshly announced Iran-Israel ceasefire began to allay investor concerns over supply and shipping disruptions in the oil-rich Middle East.
Trump urges not to raise oil prices
According to him, expensive oil will benefit the “enemies”
Blocking of Strait of Hormuz to trigger 'oil shock' - RDIF head
The potential blocking of the Strait of Hormuz by Iran will not spare the United States, triggering a "global oil shock," CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said.
Why Israel-Iran war push up oil prices?
An escalating conflict between Israel and Iran has rattled global markets, pushing oil prices sharply higher.
Israel's attack on Iran triggers jump in oil prices
Oil prices have increased amid Israel's attack on Iran, with Brent crude surging by 11.6% to $78.5 per barrel and WTI crude rising to $71.60.
Saudi Arabia's large-scale plans revealed in U.S.
OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research Francisco Blanch said.
