OPEC
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.
Brent and WTI crude futures fell amid concerns about OPEC+'s oversupply and a weak demand outlook. This is the fourth consecutive decline for both contracts, which reached their lowest level in a week.
Indian Oil Corp purchased 7 million barrels of crude oil from the US, Canada, and Abu Dhabi for September delivery. This happened after a suspension of Russian oil purchases, partially replacing its volumes.
China refused to stop purchasing oil from Iran and Russia, citing national energy interests. Beijing stated that coercion and pressure would not succeed.
Oil prices fell after OPEC+'s decision to increase production by 547,000 barrels per day in September. However, fears of disruptions to Russian oil supplies to India due to possible US sanctions limited losses.
Brent and WTI crude futures rose after the US reached a trade agreement with the EU and may extend the tariff pause with China. This dispelled fears about the negative impact of tariffs on economic activity and fuel demand.
Oil prices rose on Wednesday on expectations of sustained summer demand in the US and China. Brent and WTI futures rose, reversing a two-day decline.
Kazakhstan increased oil production by 11. 6% in the first half of 2025, reaching 49.9 million tons, exceeding OPEC+ quotas. The country does not plan to withdraw from OPEC+, despite difficulties in adhering to quotas due to the expansion of the Tengiz field.
Oil prices rose by more than 2% due to expectations of new US sanctions against Russia. Increased production by Saudi Arabia and uncertainty with tariffs limit price growth.
Russia's revenues from oil and petroleum product sales in June decreased by almost 14% compared to last year, amounting to $13. 57 billion. This happened amid a decline in global oil prices and almost unchanged oil production in Russia.
Oil prices rose after Trump's statement about possible sanctions against Russia, but fears about tariffs and increased OPEC+ production limited the growth. Brent and WTI futures rose, partially recovering from the fall.
The volume of Russian seaborne oil supplies fell to 3. 12 million barrels per day, the lowest figure since February 2025. This reduction is explained by a faster increase in refinery processing compared to production.
OPEC+ countries plan to approve a significant increase in oil production in September, completing the phased unwinding of voluntary cuts. The United Arab Emirates will also receive a larger production quota.
Oil prices fell after OPEC+ increased production by 548,000 barrels per day in August, exceeding expectations. Uncertainty regarding US tariffs also affected demand.
OPEC+ countries decided to accelerate the increase in oil production in August by 548 thousand barrels per day. Eight participating countries, including Saudi Arabia and Russia, confirmed their commitment to compensation and compliance with the Declaration of Cooperation.
Brent and WTI oil prices fell amid Iran's reaffirmation of commitment to nuclear non-proliferation and expectations of increased OPEC+ production. The US plans to resume nuclear talks with Iran next week.
Brent and WTI crude futures fell after rising, as investors fear a return to higher US tariffs and expect increased production from OPEC+. Uncertainty over US trade policy and slowing activity in China are also affecting the market.
Oil prices were unchanged as markets analyzed the expected increase in supplies from producers next month and a weak US dollar. US oil inventories rose by 680,000 barrels, despite summer seasonal demand.
Brent and WTI crude oil prices fell by 0. 5% on Tuesday, while OPEC+ plans to increase production by 411,000 barrels per day in August. Uncertainty regarding US tariffs and oversupply are also restraining the market.
Oil prices fell due to a decline in geopolitical risks in the Middle East and an expected increase in OPEC+ production. However, fears of a slowdown in global oil demand are exerting downward pressure.
Oil prices rose as a decline in US inventories signals strong demand. Investors are cautious about stability in the Middle East.
Oil prices fell sharply after Donald Trump announced a ceasefire agreement between Iran and Israel. This eased fears of supply disruptions in the Middle East, leading to a decline in Brent and WTI crude futures.
Oil prices surged after US strikes on Iranian nuclear facilities, fueling fears of fuel supply disruptions. Experts predict further price increases if the Strait of Hormuz, a vital shipping lane, is closed.
The price of Brent crude oil could potentially rise to $90 per barrel if the Strait of Hormuz is blocked, but a prolonged halt to shipping is unlikely, according to Citigroup Inc. analysts. This closure would affect daily global oil production and cause a sharp jump in prices.
Brent crude oil prices have cut their gains and fallen by almost $2 after the US postponed a decision on the conflict between Israel and Iran. Brent crude is heading for its third week of rising prices.
Brent crude oil rose by 0. 3% to $76.71 per barrel, WTI - by 0.5% to $75.19. The market is concerned about supply disruptions through the Strait of Hormuz.
Oil production is expected to rise to 104. 9 million barrels per day, exceeding demand of 103.8 million. Weak consumption in China and the US will curb global demand.
Prices for Brent and West Texas Intermediate crude oil have increased. Investors are concerned about possible supply disruptions through the Strait of Hormuz amid the conflict between Iran and Israel.