oil prices

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.

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.

Brent oil price climbs toward 100 dollars per barrel

Oil prices on Tuesday surged toward $100 a barrel after Iran-backed Houthi militants launched an attack on Saudi Arabia that Saudi officials said injured dozens of civilians in a major escalation of tension in the region.

Oil prices up as Middle East war escalates

Oil prices moved higher as concerns grew that the conflict in the Middle East could drag on, with Brent rising 0.9% to $97.24 and WTI gaining 0.9% as well to $92.36.

Global oil demand recovering - Novak

Global oil demand is recovering, as evidenced by the OPEC Secretariat and industry experts, Russian Deputy Prime Minister Alexander Novak said.

Oil prices rise as US-Iran tensions keep supply risks in focus

Oil prices moved higher for a third consecutive session on Wednesday, although they reduced earlier gains as investors monitored renewed military exchanges between the U.S. and Iran and their potential implications for Middle Eastern crude supplies.

Maritime shipping costs surge to record highs due to conflicts

Conflicts and climate change have led to a sharp rise in the cost of maritime and river transportation along key routes, including the Panama Canal, the Rhine, and the Red and Black Seas, the Financial Times reported, citing analysts.

Azerbaijani oil reaches 95,5 dollars per barrel

The CIF price of Azerbaijan's Azeri Light crude at Italy's Augusta port decreased by $0.07, or 0.07%, from the previous level to $95.50 per barrel, a source in the oil market said.

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