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OPEC

Intergovernmental oil organization
opec
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Oil prices rise amid US sanctions against Iran and ceasefire talks in Ukraine

Oil prices rise amid US sanctions against Iran and ceasefire talks in Ukraine

Oil prices are rising due to US sanctions against Iran and possible changes in supply due to negotiations between Ukraine and Russia. Brent crude futures rose to $72.2 per barrel.

Economy • 08:25 AM • 14271 views
Gasoline consumption in Ukraine decreased by 20%, liquefied gas by 40% - expert

Gasoline consumption in Ukraine decreased by 20%, liquefied gas by 40% - expert

Over the past 3 years, the fuel market in Ukraine has suffered losses. Gasoline consumption fell by 20%, diesel by 10-12%, and gas by almost 40%.

Economy • March 14, 12:06 PM • 10998 views
Oil prices rise amid US sanctions against Iran and Russia

Oil prices rise amid US sanctions against Iran and Russia

The US has tightened sanctions against Iran's oil industry and restricted payments for energy from Russia. Brent rose above $70 a barrel, WTI costs about $67.

Economy • March 14, 06:59 AM • 16124 views
Oil prices are falling amid tensions over uncertainty regarding US tariffs

Oil prices are falling amid tensions over uncertainty regarding US tariffs

Brent and WTI oil prices have decreased by 0. 4-0.5% due to trade wars and increased OPEC+ production. The US is exploring the possibility of easing sanctions on the Russian energy sector in exchange for ending the war.

Economy • March 10, 07:39 AM • 17627 views
Oil prices have fallen: what's the problem

Oil prices have fallen: what's the problem

Brent and WTI oil prices are declining due to economic uncertainty and new US tariff threats. OPEC+ is considering a change in production volumes amid the cancellation of Chevron's license in Venezuela.

Economy • February 28, 10:17 AM • 110300 views
Oil prices were little changed after the increase in US stockpiles

Oil prices were little changed after the increase in US stockpiles

Brent crude oil is trading at around $76. 31 per barrel amid a 3.34 million barrel increase in US stockpiles. The situation is complicated by the reduction in supplies from Kazakhstan due to an attack on the pipeline.

Economy • February 20, 12:46 PM • 24070 views
Oil prices rise amid supply disruptions from Kazakhstan

Oil prices rise amid supply disruptions from Kazakhstan

Brent oil prices rose by 0. 2% after a drone attack on a pumping station in Russia. Experts predict limited growth due to the expected increase in supplies from OPEC+ and Russia.

Economy • February 18, 08:05 AM • 24143 views
Zelensky will raise the issue of lower oil prices during his visit to Saudi Arabia

Zelensky will raise the issue of lower oil prices during his visit to Saudi Arabia

During his visit to Saudi Arabia, the Ukrainian president will discuss the issue of lower oil prices. Zelenskyy believes that US President Donald Trump has the greatest influence in this matter.

Economy • February 17, 02:01 PM • 26436 views
Oil rises on supply worries, Trump tariffs hold back growth

Oil rises on supply worries, Trump tariffs hold back growth

Brent and WTI oil prices rose by 1. 3% due to restrictions on Russian and Iranian oil supplies. New US duties on steel and aluminum could slow global economic growth and oil demand.

Economy • February 11, 11:03 AM • 20899 views
Oil falls in price amid rising US oil inventories and a customs war between China and the US

Oil falls in price amid rising US oil inventories and a customs war between China and the US

Oil prices fell due to rising US inventories and fears of a new trade war between the US and China. The situation is further complicated by Trump's renewal of sanctions against Iranian oil exports.

Economy • February 5, 10:38 AM • 23960 views
Oil prices rise as Trump imposes tariffs

Oil prices rise as Trump imposes tariffs

WTI and Brent oil prices rose after Trump imposed new trade duties on imports from Canada, Mexico, and China. Canadian energy products will be subject to a 10% duty, and Mexican energy products - 25%.

Economy • February 3, 08:53 AM • 33224 views
Oil prices stagnate as clarity on Trump's tariffs on Canada and Mexico is sought

Oil prices stagnate as clarity on Trump's tariffs on Canada and Mexico is sought

Brent and WTI oil prices were little changed due to expectations of new US tariffs on Canada and Mexico. Markets are also expecting an OPEC+ meeting amid Trump's calls for lower oil prices.

Economy • January 30, 08:49 AM • 28102 views
US sanctions have slowed Russian oil trade in Asia

US sanctions have slowed Russian oil trade in Asia

New US sanctions increase the cost of tanker freight for Russian oil, leading to a price gap in China. India and China reduce purchases of Russian oil for March due to higher transportation costs.

News of the World • January 28, 10:46 AM • 31083 views
Oil falls amid Trump's renewed call for OPEC to cut prices

Oil falls amid Trump's renewed call for OPEC to cut prices

Brent crude oil drops to $77. 97 after Trump calls on OPEC to cut prices to weaken Russia. Trump threatens sanctions and offers to meet with Putin to discuss the war in Ukraine.

War • January 27, 07:58 AM • 36669 views
No “peace plans for 100 days” exist in reality - Yermak

No “peace plans for 100 days” exist in reality - Yermak

The head of the OP, Andriy Yermak, said that the “peace plans” for 100 days are Russian information injections. The media had previously reported on Trump's plan to end the war, which included Ukraine's withdrawal from NATO.

War • January 26, 01:17 PM • 100972 views
The US sets a tough deadline for India on Russian oil tankers

The US sets a tough deadline for India on Russian oil tankers

The US demands that India unload Russian oil tankers by February 27 and complete financial transactions by March 12. India, the largest buyer of Russian oil, is looking for new suppliers among OPEC countries, the United States, and others.

Economy • January 25, 04:57 PM • 91824 views
Kellogg: lower oil prices could be the key to ending the war in Ukraine

Kellogg: lower oil prices could be the key to ending the war in Ukraine

Trump's representative announced a strategy to reduce world oil prices to weaken the russian economy. The plan calls for cooperation with OPEC and the use of economic leverage instead of military aid.

News of the World • January 25, 06:50 AM • 34326 views
Ukraine war won't end so easily if oil prices don't come down - Trump

Ukraine war won't end so easily if oil prices don't come down - Trump

Trump said that lower OPEC+ oil prices are key to ending the war in Ukraine. In his opinion, a reduction in russia's oil revenues will force Putin to stop military action.

War • January 24, 06:39 PM • 74292 views
Oil prices end the week down under the influence of Trump's energy policy

Oil prices end the week down under the influence of Trump's energy policy

Brent and WTI crude oil show a weekly drop of 3-4% after Trump's statements about increasing US production. The President demands that OPEC and Saudi Arabia reduce prices and increase investment in the US.

Economy • January 24, 12:29 PM • 28144 views
China sets a new record for Russian oil imports in 2024

China sets a new record for Russian oil imports in 2024

Oil imports from Russia to China increased by 1% to reach a record 108. 5 million tons in 2024. At the same time, supplies from Saudi Arabia fell by 9%, and total oil imports to China decreased by 1.9%.

Economy • January 20, 10:05 AM • 70273 views
Russian oil delivery to China triples in price after new US sanctions - Bloomberg

Russian oil delivery to China triples in price after new US sanctions - Bloomberg

Rates for the transportation of ESPO oil from Russia to China increased from $1. 5 million to $5-5.5 million. US sanctions have affected tankers transporting Russian oil and led to vessel demurrage off the coast of China.

Economy • January 16, 02:49 PM • 33767 views
Oil falls in price after hitting a multi-month high: what's happening on the market

Oil falls in price after hitting a multi-month high: what's happening on the market

Brent and WTI crude oil prices fell by 0. 5% after reaching multi-month highs. Falling US oil inventories and new sanctions against Russia are affecting the global market.

Economy • January 16, 11:53 AM • 22741 views
The EU is preparing sanctions against Russia without the veto power of Hungary and Slovakia

The EU is preparing sanctions against Russia without the veto power of Hungary and Slovakia

For the first time, the European Commission plans to impose sanctions against Russia without taking into account the vetoes of individual countries. Decisions on sanctions will be made by a qualified majority, not unanimously.

Economy • January 15, 04:08 PM • 78006 views
Uncertainty over impact of sanctions limits oil price gains - Reuters

Uncertainty over impact of sanctions limits oil price gains - Reuters

Brent and WTI oil prices rose amid US sanctions against Russian tankers. The IEA warns of possible supply disruptions, and OPEC predicts an increase in oil demand by 2026.

Economy • January 15, 02:21 PM • 33590 views
India to abandon oil tankers hit by new US sanctions over transportation for Russia - Bloomberg

India to abandon oil tankers hit by new US sanctions over transportation for Russia - Bloomberg

India plans to ban the unloading of oil tankers that have been sanctioned by the United States for transporting Russian cargo. The country will look for alternative oil suppliers from the Middle East and other regions.

Economy • January 13, 02:30 PM • 34212 views
New US sanctions against Russia push oil prices to a 4-month record

New US sanctions against Russia push oil prices to a 4-month record

Brent crude oil exceeded $81 per barrel after the US imposed sanctions on the Russian energy sector. China and India are urgently looking for alternative sources of oil supply.

Economy • January 13, 07:24 AM • 29096 views
Kazakh company offers $1 billion to buy Russian refinery in Bulgaria

Kazakh company offers $1 billion to buy Russian refinery in Bulgaria

KazMunayGas proposes to buy Bulgaria's only oil refinery from Russia's Lukoil. The deal could strengthen the position of Kazakh oil in Europe and double the company's refining capacity in the region.

News of the World • January 10, 07:43 AM • 22706 views
Oil rises on tighter OPEC supply, US jobs data

Oil rises on tighter OPEC supply, US jobs data

Brent and WTI crude oil prices have risen amid declining supplies from Russia and OPEC countries. Analysts predict a decline in oil prices in 2025 compared to 2024.

Economy • January 8, 08:01 AM • 23337 views
India's oil refining giant increases oil imports from the Middle East amid slowdown in Russian supplies

India's oil refining giant increases oil imports from the Middle East amid slowdown in Russian supplies

Bharat Petroleum Corp is looking for alternative oil supplies from the Middle East due to the reduction in Russian imports. India's purchases of Russian oil have fallen to their lowest level since December last year due to tighter sanctions.

Economy • December 31, 09:58 AM • 21087 views
Oil prices rise by 1% before the holidays

Oil prices rise by 1% before the holidays

Brent crude rose to $73. 58 and WTI to $70.10 per barrel due to expectations of a reduction in supplies. Analysts predict stable prices and rising demand in the coming months amid Chinese stimulus.

Economy • December 25, 09:28 AM • 17382 views