OPEC
Global oil prices fell on January 6, 2026, due to expectations of increased supply from Venezuela after the capture of Nicolas Maduro. Brent and WTI futures fell by 0.2% and 0.3% respectively.
World oil prices fell on January 5, despite geopolitical tensions following the detention of Venezuelan President Nicolas Maduro. The market remains stable due to an oversupply of global crude oil reserves.
OPEC+ agreed to maintain stable oil production, despite an 18% price drop in 2025 and tensions between Saudi Arabia and the UAE. Eight countries raised their production targets by 2.9 million barrels per day from April to December 2025.
According to the results of 2025, Russia's foreign trade continued to degrade due to falling world energy prices and oil production quotas. The share of fuel and energy goods in exports decreased to 54.9%, and imports of investment goods decreased by 8.7%.
Brent and WTI crude futures rose by 35 and 34 cents respectively on the first trading day of 2026. This followed the largest annual decline since 2020, caused by drone attacks on Russian oil facilities and US sanctions against Venezuela.
Oil prices were little changed on Wednesday but are expected to fall by more than 15% over 2025. This is due to fears of oversupply, despite wars, tariffs, and sanctions.
Separatists in southern Yemen accused Saudi Arabia of airstrikes on their forces in Hadhramaut after a warning about troop withdrawal. This escalates the situation in the country and jeopardizes the coalition fighting the Houthis.
Oil prices rose after the US tightened its naval blockade of Venezuela and Ukrainian drones attacked a Russian tanker. Brent rose to $61, WTI to $57.
The global oil market is experiencing an oversupply of "black gold," pushing oil prices down. A record 1.3 billion barrels of crude oil are in transit or awaiting buyers in the world's oceans.
Brent and WTI crude futures rose by 0. 70%-0.75% due to fears of supply disruptions from Venezuela. This happened after the US seized a tanker with Venezuelan oil and amid cautious market sentiment.
OPEC forecasts that global oil supply will almost entirely meet demand in 2026, contradicting IEA estimates of a significant surplus. The average OPEC+ oil demand will be 43 million barrels per day, close to the production level.
Brent crude futures rose to $63. 84 a barrel, while US West Texas Intermediate crude traded at $60.16. Investors are anticipating a Fed interest rate cut and monitoring geopolitical risks related to supplies from Russia and Venezuela.
Qatar's Energy Minister is concerned that insufficient investment and growing energy consumption by artificial intelligence will cause a shortage of LNG and natural gas after 2035. Global demand for liquefied natural gas will increase to 700 million tons per year within ten years, while current production is 400 million tons.
Oil prices rose: Brent to $63. 02, WTI to $59.36. Attacks on Russian oil pipelines and lack of progress in peace talks contribute to rising prices.
Brent crude futures rose to $63. 24, WTI to $59.42. This comes amid an assessment of risks from drone strikes on Russian energy facilities and escalating US-Venezuela relations.
Brent crude futures fell 0. 5% to $62.8 a barrel, while US West Texas Intermediate crude futures lost 0.6% to $58.33. The price decline is linked to expectations of progress in peace talks between Russia and Ukraine, which could lead to the lifting of sanctions on Russian supplies.
Brent crude futures rose 1. 97% to $64.25 a barrel, and WTI gained 2.13% to $59.94. This happened after a drone attack on an oil depot in Novorossiysk, raising concerns about supplies.
Russia's revenues from crude oil and fuel exports significantly decreased in October to $13. 1 billion. This is $2.3 billion less than last year, due to falling prices, reduced exports, and Ukrainian strikes.
Oil prices fell on Thursday, extending losses from the previous session, amid rising US crude inventories and OPEC's forecast of supply exceeding demand in 2026. Brent is at $62.71 a barrel, and WTI is at $58.46 a barrel.
A significant portion of the increase in oil volume on tankers since late August comes from sanctioned countries. This indicates disruptions in oil trade and threatens the revenues of sanctioned oil-producing states.
Brent and WTI crude futures fell by 0. 4% and 0.5% respectively, due to oversupply concerns. This happened despite uncertainty about the impact of US sanctions on Russian oil companies and optimism about the resumption of the US government's work.
Oil prices are falling for the second consecutive week due to supply exceeding demand. US crude oil inventories rose by 5.2 million barrels, exacerbating oversupply concerns and price drops.
Oil prices rose on Thursday after hitting two-week lows, with Brent and WTI futures increasing by 0. 27% and 0.3% respectively. Easing sanctions and OPEC+'s production plan influenced the market, but demand concerns persist.
Brent and WTI crude futures fell amid a general downturn in financial markets and a strengthening US dollar. Investors assessed supply prospects and growing US oil inventories.
Brent crude futures rose 0. 37% to $65.01 a barrel, and West Texas Intermediate rose 0.34% to $61.19. This happened after OPEC+ decided to suspend production increases in the first quarter of next year, easing fears of an oversupply.
OPEC+ is preparing to approve a small increase in oil production in December, in line with its strategy of gradually restoring volumes. The decision will be made at an online meeting on Sunday, despite falling oil prices and sanctions against Russian companies.
Brent and WTI crude oil prices fell by 0. 55% and 0.71% respectively, heading for their third monthly decline. A strengthening dollar and a slowdown in manufacturing activity in China affected the market, while increased supply from OPEC+ and the US offset the impact of sanctions.
Oil prices fell on Thursday, despite US President Donald Trump's announcement of tariff reductions for China. Brent and WTI crude futures fell by 0.31% and 0.33% respectively.
Brent crude futures fell 7 cents to $64. 33 a barrel. U.S. West Texas Intermediate crude futures fell 7 cents to $60.08.
Brent and WTI crude oil prices slightly decreased amid OPEC+ plans to increase production and optimism regarding a trade agreement between the US and China. Investors are also assessing the effectiveness of sanctions against Russia.