Kuwait states OPEC's readiness to increase oil production if demand rises, especially after new US sanctions against Russian energy companies. The price of Brent crude rose by more than 5%, reaching $66 per barrel.
Brent and WTI crude futures jumped 3% after the US imposed sanctions on Rosneft and Lukoil, forcing Indian buyers to reconsider purchases. This caused oil prices to rise, but experts doubt a long-term structural shift in the market.
The Norwegian company Var Energi expects the global oil market to stabilize in 2026, with prices above $60 per barrel. The deficit of investments in production is named as a key factor supporting prices.
Brent and WTI crude futures fell amid oversupply concerns and demand risks. Analysts predict an oil surplus until 2026, which could lead to further price declines.
Oil prices rose on Tuesday as early signs of easing trade tensions between the US and China boosted market sentiment. Brent crude futures rose 0.4% to $63.54 a barrel, while US WTI rose 0.4% to $59.71 a barrel.
Oil prices rose by about 1. 5% after OPEC+ announced a smaller-than-expected production increase of 137,000 barrels per day from November. Analysts expect short-term gains to be limited by weak demand and seasonal declines.
OPEC+ countries have agreed to increase oil production by 137,000 barrels per day from November to regain market share. This decision was made despite differing views between Russia and Saudi Arabia on the volume of the increase.
Russia's oil revenues in September fell by 20% compared to last year, amounting to 483. 5 billion rubles. This is due to falling world oil prices and a strengthening ruble.
Oil prices rose on Friday after four consecutive sessions of declines. Market expectations for increased OPEC+ production led to the steepest weekly drop since late June.
Brent and WTI crude futures rose by 0. 31% and 0.32% respectively, after falling for the previous three sessions. The increase is due to the potential tightening of sanctions on Russian oil and WTI approaching the $60 support level.
Brent and WTI crude futures rose by 28 and 26 cents respectively after two days of declines. Investors are assessing OPEC+'s plans to increase production and the consequences of the US government shutdown.
Brent and WTI crude futures fell after the resumption of crude oil exports from Iraqi Kurdistan through Turkey. OPEC plans another increase in oil production in November, which will increase global supplies.
India has appealed to the United States to allow the import of Iranian and Venezuelan oil to compensate for reduced purchases of Russian crude. New Delhi emphasizes the need to maintain the country's energy security and curb the rise in global energy prices.
Oil prices are falling for the fifth consecutive day due to an agreement between Iraq and Kurdistan to resume operation of the oil pipeline. Investors are concerned about a possible oversupply in the global market.
Oil prices fell on Friday as concerns about US fuel demand outweighed expectations of a Fed interest rate cut. Brent futures fell to $67.29 a barrel, and WTI to $63.34.
Brent crude futures fell 0. 1% to $68.39 a barrel, and WTI fell 0.1% to $64.4. This happened after prices rose 1% due to fears of supply disruptions from Russia and expectations of a Fed rate cut.
Brent and WTI crude futures rose amid drone attacks on Russian refineries and growing fuel demand in the US. Investors are assessing the consequences of the attacks on oil and fuel exports from Russia.
OPEC maintained its oil demand forecasts for 2025-2026, indicating global economic growth. This decision supports the cartel's optimism regarding stable energy prices.
Brent and WTI oil prices fell amid rising crude oil and gasoline inventories in the US, which exacerbates the risks of oversupply. Weak demand and a slowing US economy are putting pressure on oil markets, despite geopolitical risks.
Ukrainian UAV attacks on Russian oil refineries caused a gasoline shortage in Russia and increased crude oil exports. This led to an increase in global refining profitability, especially in the US.
Oil prices rose after OPEC+'s decision to increase production less significantly and rumors of new sanctions against Russia. Brent and WTI rose to $66.37 and $62.58 per barrel, respectively.
The European Union is considering a 19th round of sanctions that could affect Russian banks, energy companies, and oil trade. Restrictions may affect payment systems, cryptocurrency exchanges, and oil traders from third countries.
On August 8, oil prices rose by more than 1% due to the threat of new sanctions against Russian exports. OPEC+ is increasing production slower than expected, supporting price growth.
Brent and WTI crude futures fell amid expectations of increased OPEC+ output and rising US crude inventories. This led to weekly losses for the first time in three weeks.
The net profit of Russian Rosneft in the first half of 2025 fell by 68% to 245 billion rubles. This happened due to oil overproduction by OPEC countries and falling prices.
European natural gas prices are rising as optimism for an end to Russia's war against Ukraine wanes. This is happening amid the difficulty of reaching a peace agreement and preparations for the upcoming heating season.
OPEC raised its forecast for global oil demand in 2026 by 100,000 barrels per day, to 1. 38 million barrels per day. At the same time, the forecast for supply growth from non-OPEC+ countries decreased, especially due to the expected reduction in US shale oil production.
Oil prices were little changed on Friday but are heading for their biggest weekly losses since late June due to new US tariffs. Investors are concerned about the impact of the tariffs on the global economy and oil demand.
Brent and WTI crude futures rose 0. 6% after falling to a five-week low. This happened amid fears of supply disruptions due to US threats to impose tariffs on India for buying Russian oil.
In July, revenues from oil sales to the Russian state budget decreased by 33% compared to last year. This happened due to the fall in world oil prices and the strengthening of the national currency.