Washington expects oil prices to peak in coming weeks
Oil prices are likely to hit their peak "in the next few weeks" once ship traffic resumes through the Strait of Hormuz, U.S. Department of Energy Secretary Chris Wright said.
oil prices
Oil price to exceed 150 per barrel - Dmitriev
Russian president’s special envoy for investment and economic cooperation with foreign countries and CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev has warned that oil price may surpass $150 per barrel already this week.
Oil prices fall sharply after US-Iran ceasefire announced
Oil prices have fallen sharply and stock markets have soared on news of a two-week ceasefire between the United States and Iran.
OPEC plus to ramp up oil output in May
Eight leading OPEC+ countries have decided to increase oil production by 206,000 barrels per day (bpd) in May (compared to April levels), the organization’s statement said.
Oil price may exceed 150 per barrel - Dmitriev
The price of oil on the global market could exceed $150 per barrel in the next two weeks, special presidential envoy and Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev stated.
Azeri Light oil price soars to over 130 dollars
The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $4.3, or 3.36%, on March 31 from the previous level, coming in at $132.35 per barrel, a source in the oil market said.
Oil retreats on hopes of Iran war resolution
Oil prices briefly fell below $100 a barrel and shares opened higher in Europe on Wednesday after U.S. President Donald Trump said the U.S. will leave Iran in "two to three weeks" regardless of whether a deal is struck with Tehran.
Russia refuses to supply oil to countries supporting price cap
Russia will not supply oil to the countries that maintain a price ceiling, Deputy Foreign Minister Andrey Rudenko said. The energy markets …
Türkiye's energy import spending increases to 8 billion dollars per month
Due to the conflict in the Middle East, Türkiye's energy import spending has increased by 60% in the past month, reaching $8 billion, according to media reports.
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.
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.