oil prices

Oil prices plummet once again

Oil prices plummet once again

Oil prices eased on Tuesday, extending losses from a four-month low in the previous session, according to trading data. Brent crude futures …

IEA: global oil production drops

IEA: global oil production drops

Global oil production in April 2024 decreased by 200,000 barrels per day (bpd) to 102 mln bpd, according to the International Energy Agency (IEA). It …

Saudi oil price to increase for Asia

Saudi oil price to increase for Asia

Saudi Arabia raised the price of its crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global …

Does U.S. lift sanctions against Russian oil?

Does U.S. lift sanctions against Russian oil?

The United States resumed importing Russian oil last October for the first time since March 2022. The interruption in the supply of energy resources was one and a half years. The U.S. resumed imports of Russian oil in …

Oil prices steady

Oil prices steady

Oil prices steadied, giving up most of its earlier gains, as Middle East supply concerns arising from the Israel-Hamas conflict and the shutdown of …

Azerbaijani oil price rising

Azerbaijani oil price rising

The price of Azeri Light Azerbaijani oil on the world market increased by $2.75 or 3.4% to $83.45, Trend reported, citing the source from the country's oil and gas market. The Azeri Light crude oil price based on CIF in the Italian …

What oil market anticipating in 2024?

What oil market anticipating in 2024?

Russian Deputy Prime Minister Alexander Novak expects the Brent oil price at $80-$85 per barrel next year, broadly in line with current levels.. He told Rossiya-24 state TV that Russia expects that the export of oil and petroleum …

Brent oil price surpasses $81 per barrel

Brent oil price surpasses $81 per barrel

The price of futures contract for Brent crude oil with March delivery on London’s ICE exceeded $81 per barrel yesterday evening for the first time since December 1. Brent price grew by 2.35% to $81.05 per barrel. By …

Brent price exceeds $80 per barrel

Brent price exceeds $80 per barrel

The price of Brent crude oil futures contract with February delivery on London’s ICE rose above $80 per barrel for the first time since December 1. As of 11:39 Moscow time, the Brent …

OPEC+ mulls new oil production cuts

OPEC+ mulls new oil production cuts

OPEC+ members are considering new oil production cuts of as much as 1-2 million barrels a day, the Wall Street Journal reported. Saudi Arabia favors curb of up to 1 million barrels a day, while other membersm including Nigeria and …

Brent and WTI fall 5%

Brent and WTI fall 5%

Oil prices continue falling. Since yesterday, Brent and WTI oil mixtures have fallen in price by 5%.

Oil prices declining again

Oil prices declining again

Oil prices decreased in early trade on Tuesday following reports of China's falling export rates in October and the strengthening of the U.S. dollar. International benchmark crude Brent traded at $84.29 per barrel at 9.48 a.m. local …

World bank: oil price could hit $150

World bank: oil price could hit $150

The World Bank reported that oil prices could be pushed into “uncharted waters” if the conflict between Israel and Hamas widens, which could result in increased food prices worldwide. The World Bank’s …

Oil prices regain some ground

Oil prices regain some ground

Oil prices rose on October 24, recovering some of the previous day's losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions. …

Brent oil price rises above $90 per barrel

Brent oil price rises above $90 per barrel

The price of a December 2023 futures contract for Brent crude oil has risen above $90 per barrel on the London ICE exchange on Friday, for the first time since October 4, according to trading data. As of 07:533 p.m. Moscow time, the …

Novak: attack on Israel to affect energy market

Novak: attack on Israel to affect energy market

The escalation of the situation in the Middle East may affect the global energy market, Russian Deputy Prime Minister Alexander Novak said. "We obviously discuss those issues. Any such events in the world may somehow …

Oil prices hit new 10-month high

Oil prices hit new 10-month high

The price of Brent crude oil futures contract with November delivery on London’s ICE exchange exceeded $95 per barrel for the first time since November 15, 2022. According to exchange data at 06:52 Moscow time, the Brent price …

Brent oil tops $94 per barrel

Brent oil tops $94 per barrel

Brent oil futures for November delivery reached the highest since November 16, 2022 on ICE in London, trading at more than $94 a barrel, data from the exchange show. Futures climbed by 2.05% to $94.08 a barrel at 23:13 Moscow time, …

Oil surging toward $100 per barrel

Oil surging toward $100 per barrel

The price of Brent crude oil futures contract with November delivery on London’s ICE surpassed $93 per barrel for the first time since November 16, 2022. According to the exchange data as of 13:49 Moscow time, Brent oil price grew …