On Wednesday, senior officials from the three leading OPEC producing countries—Saudi Arabia, the United Arab Emirates, and Kuwait—said the production increases delivered by the alliance were necessary.
On Wednesday, senior officials from the three leading OPEC producing countries—Saudi Arabia, the United Arab Emirates, and Kuwait—said the production increases delivered by the alliance were necessary.
According to yesterday's Reuters report, analysts have slightly raised their oil price forecasts following the escalation of geopolitical tensions in the Middle East. However, growing energy supply from OPEC+ and moderate resource demand continue to put pressure on barrel prices.
Analysts at Morgan Stanley project that Brent oil prices will reach $60 per barrel by early next year. This price move is anticipated as the fuel market stabilizes and geopolitical risks subside, especially after the de-escalation of Iran-Israel tensions.
According to Reuters data, in June, China has increased crude oil import from Iran. These changes are explained by growing volumes of resource supplies and large-scale purchases of Middle Eastern barrels at discounted prices.
Oil prices fell further on Monday, extending their sharpest weekly decline in two years. The downward pressure was driven largely by aggressive bearish bets from hedge funds, reacting to expectations of increased production from OPEC+ nations, Bloomberg reports.
An increase 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 NG, WTI, Brent.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
Scheduled deliveries of crude to the US Strategic Petroleum Reserve will not be completed until year-end as the site is now under maintenance, says the Department of Energy.
According to yesterday's Goldman Sachs analysts' report, the probability of the Strait of Hormuz oil supply disruptions following the easing of the Middle East geopolitical tensions stands at 4%. Market participants' concerns intensified amid escalating tensions between Iran and Israel.
Oil imports in Asia increased in the first half of 2025, driven by a sharp rise in June shipments, despite a weak start to the year. The region's fuel imports averaged 27.36 million barrels per day in the first six months of the year, up 620,000 barrels per day year-over-year.
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.