Russia's three-year budget draft resilient to any economic scenario
The head of the Finance Ministry emphasized that the base price of Urals crude will fall from $59 per barrel this year to $50 over the upcoming three-year period
oil prices
Global oil prices fall
This morning, Brent crude fell to $96.69 per barrel and WTI dropped to $88.90, while the price of Azeri Light rose to $112.29 per barrel.
Тanker hit in waters of Strait of Hormuz
The situation in the Strait of Hormuz has reached a critical point amid the military confrontation between the United States and Iran
Trump: Oil prices will fall once Iran conflict ends
Global oil prices will drop following a US victory in the war against Iran, Trump stated, noting that the US has already won the conflict militarily
Azerbaijani Azeri Light oil price exceeds 125 dollars
The price of a barrel of Azerbaijani Azeri Light crude rose in global market trading, surpassing the $125 mark.
Azerbaijani Azeri Light oil price exceeds 121 dollars
The price of Azerbaijan’s Azeri Light crude on a CIF basis at the Italian port of Augusta increased by $3.69, or 3.13%, compared with the previous figure, to $121.43 per barrel.
Brent oil price drops below 98 dollars per barrel
The price of Brent crude futures for November 2026 delivery on the London-based ICE exchange slid below $98 per barrel for the first time since September 8 of this year, market data showed on Tuesday.
Azerbaijani Azeri Light oil shifts down in price
The price of Azerbaijan’s Azeri Light crude on a CIF basis at the Italian port of Augusta decreased by $5.54, or 4.53%, compared with the previous figure, to $116.83 per barrel.
Oil prices drop as US-Iran diplomacy gains momentum
Oil prices fell more than 2% Monday as hopes for renewed U.S.-Iran talks and a recovery in Saudi crude exports eased supply concerns that have kept prices elevated in recent weeks.
Container ship transit through Strait of Hormuz falls 94 percent
According to the Financial Times, container ship traffic through the Strait of Hormuz towards the Persian Gulf fell by 94% between March 1 and September 7 this year.
Brent crude continues to fall in global markets
This morning, Brent crude dropped to $103.68 per barrel, a decline of more than 1% from the previous session, while WTI prices also fell.
Brent drops over 3,3 percent in trading
Oil prices are falling today, with Brent losing more than 3.3% and WTI over 2.5%, bringing prices back to early‑September levels.
Azerbaijani Azeri Light oil price drops to 122 dollars
The CIF price of Azerbaijan's Azeri Light crude at Italy's Augusta port decreased by $5.88, or 4.59%, from the previous level to $122.15 per barrel, a source in the oil market said.
Azerbaijani oil Azeri Light price surpasses 128 dollars
The CIF price of Azerbaijan's Azeri Light crude at Italy's Augusta port increased by $0.74, or 0.58%, from the previous level to $128.03 per barrel, a source in the oil market said.
Azerbaijani oil Azeri Light price exceeds 127 dollars
The CIF price of Azerbaijan's Azeri Light crude at Italy's Augusta port increased by $7.27, or 6.06%, from the previous level to $127.29 per barrel.
Trump says oil to 'drop like a rock' after Iran war ends
U.S. President Donald Trump said oil prices will "drop like a rock" once the military conflict with Iran ends, adding that he does not expect it to last long.
Saudi pipeline outage threatens global oil supply - report
Saudi Arabia will run out of oil stocks for exports if it doesn't restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, Reuters reported, citing Saudi oil buyers and traders.
Brent crude tops 105 dollars for first time since May
Oil prices are rising on the exchange, with Brent crude exceeding $105 for the first time since May 22 and WTI surpassing the $100 mark.
Azeri Light oil scales up in price
The CIF price of Azerbaijan's Azeri Light crude at Italy's Augusta port increased by $5.14 from the previous level to $113.32 per barrel, a source in the oil market said.
Brent crude rises above 100 dollars for first time since July
Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concerns about oil flows from the region.
