Saudi Arabia's state oil giant Saudi Aramco has shut down its Ras Tanura refinery after a drone strike. This happened after Tehran launched strikes in the region in response to the US and Israeli attack on Iran.
OPEC+ is considering an emergency expansion of oil production to 411,000 or 548,000 barrels per day to stabilize the market. Saudi Arabia and the UAE are already increasing export capacities due to possible supply disruptions.
Oil prices are falling after the US announced a tariff increase on imports to 15%. This has heightened investor concerns about a slowdown in the global economy.
Oil is getting cheaper amid IEA forecasts of a record surplus of 3. 7 million barrels per day by 2026. The softening of US rhetoric towards Iran also affects prices.
Oil prices rose due to investor concerns about escalating tensions between the US and Iran. Brent futures rose to $69.67, and WTI to $64.92.
Oil prices rose more than 1% after a fall, but are heading for their first weekly decline in almost two months. Investors are focused on US-Iran talks.
Discounts on Russian oil for Indian refineries have increased to over $10 per barrel, calling into question a trade deal with the US. India, despite reducing purchases, is unlikely to completely abandon Russian oil anytime soon.
Global oil prices are rising due to an Iranian drone shot down by a US fighter jet and a record reduction in US crude oil inventories. This raises concerns about possible supply disruptions through the Strait of Hormuz.
The US has issued licenses to oil companies to resume production in Venezuela. This decision aims to stabilize energy prices and bring Venezuelan oil back to the markets.
Last year, Russia's energy revenues decreased by 20% compared to 2024. This was due to increasing discounts on Russian oil and low global prices, which intensified pressure on the country's economy.
Global oil prices rose by 3% after storm "Fern" paralyzed production in the US. Extreme cold halted crude oil extraction and export from Gulf of Mexico ports.
Caspian CPC Blend oil prices plummeted due to drone attacks on tankers in the Black Sea. ExxonMobil increased the discount on its products, but no buyers were found.
Oil prices began to fall. This happened after Washington's statements about its intention to refrain from military action against Iran.
Asian stock markets opened the week with gains due to positive US employment data. Oil prices are rising amid escalating protests in Iran.
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.
Discounts on Russian oil at export terminals again approached historical highs, reducing margins and leading to losses. More than half of Russian oil companies are eligible for zero or reduced mineral extraction tax rates.
Brent crude futures rose 2. 1% to $61.91, while WTI gained 2.3% to $58.03. This came amid talks between the Ukrainian and US presidents on ending the war and potential oil supply disruptions in the Middle East.
World oil prices for Brent and WTI fell by more than 2% due to expectations of a significant supply surplus in 2026 and US diplomatic activity. Traders are selling off contracts ahead of the Zelenskyy-Trump meeting, where a peace plan will be discussed.
Oil prices rose on Friday after the US increased economic pressure on Venezuelan oil supplies and launched airstrikes against militants in Nigeria. Brent futures rose to $62.30 and WTI to $58.41 amid low market activity due to the Christmas holidays and expectations of an annual price decline.
Great Britain imposed sanctions against three Russian oil companies: PJSC Tatneft, PJSC Russneft, and PJSC NNK. This expansion of sanctions pressure is aimed at reducing Russia's revenue from energy exports, covering almost 60% of Russian oil exports to key markets.
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.
The oil market will face a "super-oversupply" next year due to rising supply and weak demand, warns trader Trafigura. A record surplus of over 4 million barrels per day is expected, which has already led to a 16% drop in Brent crude prices this year.
Oil prices fell on Tuesday after a 2% drop the previous day. Brent futures fell to $62.41 a barrel, and WTI to $58.75.
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.
Oil prices fell for a second consecutive session on expectations of the outcome of Russian-Ukrainian peace talks. This could increase supply and heighten fears of an oil surplus amid rising inventories.
Brent crude futures fell to $63. 10 a barrel, WTI to $58.61. The decline comes amid fears that supply will outstrip demand next year, despite sanctions on Russian supplies.
Oil prices took a breather after last week's decline as investors weigh the chances of a US rate cut and a possible peace deal between Russia and Ukraine. Brent and WTI crude futures hit their lowest levels since October 21.
Oil prices remain stable after the resumption of operations at Russia's export hub in Novorossiysk. This followed a two-day hiatus caused by a Ukrainian attack on the Black Sea port.
Brent and WTI crude futures fell by 0. 34% and 0.36% respectively, maintaining gains from the previous session. The resumption of the US government's work is expected to boost oil demand.
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.
