According to five different trade sources cited by Reuters, Saudi Arabia's crude oil exports to China will rise to their highest level in two years in August.
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Two years of escalating tensions in the Middle East have made oil traders increasingly wary of supply disruptions. While energy flows remained stable even during past regional conflicts, the latest rift between Iran and Israel is once again rattling market confidence, Bloomberg reports.
16 June
An increase of the indicator value may contribute to the rise in quotes of WTI, Brent.
13 June
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
13 June
A decrease of the indicator value may contribute to the rise in quotes of NG, WTI, Brent.
13 June
An increase of the indicator value may contribute to the fall in quotes of WTI, Brent.
11 June
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
11 June
Kazakhstan may not cut oil exports despite OPEC+ quotas — Bloomberg
Kazakhstan continues to ramp up oil exports, ignoring its commitments to OPEC+. According to Bloomberg, citing four traders familiar with the situation, CPC Blend crude supplies through the Russian port of Novorossiysk may reach a record 1.75 million barrels per day in July.
11 June
During his speech at the Global Energy Show in Canada on Tuesday, OPEC Secretary General Haitham Al Ghais said that oil demand growth is expected to continue for at least the next 25 years.
11 June
Russian oil exports rose following cargo delivery to Japan
Russian crude exports rose in the four weeks to June 8 after a strong rebound in weekly flows. Japan’s Taiyo Oil refinery took the first cargo delivered to the G7 nation in over two years, signaling growing buyer willingness to resume trade relations with Russia, Bloomberg reports.
11 June
The US Energy Information Administration (EIA) projects that American oil production will decline in 2026 for the first time since 2021, falling to 13.37 million barrels per day (bpd) from 13.42 million bpd in 2025.
11 June
News on oil prices is not just information for specialists. This is an important signal for every experienced trader. This section of the website will help you understand when there’s a "Strong buy" signal for oil and when it is a "Strong sell" signal.
Oil price movements are more than just charts on a screen. It is one of the key drivers of the global economy. Understanding these dynamics helps in making rational decisions and adapting to changes.
What determines oil prices?
- Global events. Political crises, conflicts, and agreements between producing countries have a huge impact on oil prices.
- Supply and demand. When many consumers try to buy oil that is in deficit – the prices go up. Otherwise, when supply is greater than demand, the prices go down.
- Russia and Saudi Arabia. These countries are among the leading oil producers. Their decisions on oil output have a direct impact on the global market.
- OPEC. This is a group of oil-producing countries. Their agreements on production cuts are aided at stabilizing prices.
- Alternative energy sources. The development of solar, wind, and other power stations can weaken the countries' dependence on oil and put pressure on its prices.
- Electric cars. The increasing popularity of electric cars reduces the need for gasoline and, consequently, for crude oil.
- Global tensions. Oil is a strategic resource. Geopolitical events can affect its production and prices.
- Environmental constraints. Rising environmental awareness may reduce demand for oil, affecting its price.
Why follow the latest oil news?
- To make informed investment decisions. Being aware of the oil industry news helps you make conscious choices.
- To assess the impact on the economy. Oil prices can affect inflation, economic growth, and even our wages.
