Demand for Russian oil increasing - Peskov
The demand for Russian oil is high globally and Russia may soon find it difficult to satisfy it, Kremlin Spokesman Dmitry Peskov said.
oil prices
China puts limits on fuel price hikes
China has limited the amount by which the country’s fuel costs can rise, the government announces, as oil prices have surged due to the Middle East war.
Oil prices plummeted after Trump announced halt to strikes on Iran's energy sector
Oil prices fell after Trump announced a temporary halt to US strikes on Iranian energy infrastructure, with Brent crude falling below $100 per barrel.
Azeri Light crude oil rises above 120 dollars per barrel
Azerbaijani Azeri Light crude oil prices have surpassed the $120 per barrel threshold. At the same time, global markets are indicating a significant increase in the prices of major energy commodities.
Iranian Parliament proposes charging tolls for passage of ships through Strait of Hormuz
Iranian MP Somayeh Rafiei has proposed to impose a toll for the safe passage of ships through the Strait of Hormuz.
Brent oil price reach 117 dollars per barrel
Brent oil futures with delivery in May 2026 climbed to as high as $117 a barrel on the London-based ICE today for the first time from March 9, according to trading data.
IEA could release more oil stocks
The International Energy Agency's member countries could release more oil into the market from strategic stockpiles "as and if needed" after they agreed the largest-ever reserves release last week to offset shortages and a spike in prices, IEA executive director Fatih Birol said.
Russia and US interests align on oil exports - Peskov
The flow of Russian oil into global markets following the easing of US sanctions is helping stabilize them, Kremlin Spokesman Dmitry Peskov said.
US lifts sanctions on Russian oil for a month
Washington has temporarily lifted restrictions to the sale of Russian oil and petroleum products loaded onto tankers by March 12, with the sanctions relief set to last for a month.
Türkiye to use emergency oil reserves
Turkish authorities have decided to use their emergency oil reserves to slow the rapid rise in energy prices associated with the Strait of Hormuz' blockade.
Oil price jumps once again
Brent briefly jumped back above $100 a barrel after the Iran war led to more shipping turmoil in the Middle East and China tightened fuel export curbs.
Oil market experiencing largest supply disruption in global history - IEA
The Middle East conflict has triggered the largest oil supply disruption in global history, the International Energy Agency (IEA) said on Thursday.
G7 not to lift sanctions against Russia
Leaders of G7 countries have agreed to keep in place sanctions against Russia despite problems with supplies of oil products and other goods over the conflict in the Middle East, French President Emmanuel Macron said.
US may take some oil sanctions off
U.S. President Donald Trump announced that Washington will lift oil sanctions on some countries and may even refrain from reinstating those.
US President doesn't rule out possibility of seizing Iranian oil
U.S. President Donald Trump left open the prospect of acquiring Iranian oil.
Hungary proposes EU lift anti-Russia sanctions due to Iran war
The EU should immediately lift the ban on the use of Russian oil and gas in all EU countries to prevent a shortage of energy and a sharp increase in prices due to the Middle Eastern tensions, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said following urgent meetings of the defense and energy security councils convened by Prime Minister Viktor Orban.
US concerned over Israeli strikes on Iranian fuel depots
The United States is dismayed by the scale of Israeli airstrikes on Iranian fuel depots over the weekend, marking the first notable disagreement between the two allies since the start of the war, Axios reported, citing sources.
Oil surges past 100 dollars per barrel and nears 120 dollars
The price of Brent crude oil for May 2026 delivery exceeded $119 per barrel on London's ICE Exchange for the first time since June 17, 2022, according to trading data.
Oil prices rise as Iran conflict widens
The price of futures contracts of Brent crude oil for May 2026 delivery on London’s ICE was up by 3.5% early on Thursday, according to trade data.
Oil prices extend gains as Hormuz tensions escalate
Oil prices maintained their upward trajectory on Wednesday as escalating tensions in the Middle East heightened supply concerns over disrupted shipments through the Strait of Hormuz and exports in the region.