The Russian Ministry of Economic Development has lowered its expectations for the average price of Brent oil in 2025 by almost 17% to $68 per barrel in contrast with the agency's September forecast of $81.7 per barrel, Interfax reported.
Reuters expects Saudi Arabia’s oil supply to its biggest customer, China, to decrease next month to the lowest level in more than a year. The forecast drop is partly connected with maintenance at Chinese refineries owned by local Sinopec.
Artificial intelligence (AI) is speeding up the drilling pace in oil and gas, prompting firms to take a new look at sites that were once regarded as too challenging and expensive to develop. This was reported by industry executives at the CERAWeek conference in Houston.
According to official government data, Libya is resuming production at the Mabrouk oil field after a decade-long halt. It was launched at the end of last week, OilPrice.com reported.
Russian oil flow to India recovered in March after a three-month decline. As reported by Reuters, the cargoes were being delivered by non-sanctioned vessels, and some supplies were diverted from Turkey.
Oil prices declined on Thursday after a recent surge, driven by concerns over tariff disagreements and their potential impact on global economic growth. This caution was not offset by positive sentiment, fueled by a significant drop in U.S. crude oil and fuel inventories.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
An increase of the indicator value may contribute to the fall in quotes of WTI, Brent.
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.
