Keywords: Global oil market
Fuel prices in Morocco are expected to rise again on Wednesday, with diesel remaining more expensive than gasoline as international oil markets continue to face supply pressures. The expected adjustment comes just two weeks after the previous increase. Diesel prices had already risen by 6 centimes per......
Brazilian President Luiz Inácio Lula da Silva’s government has approved an additional package of around $1.3 billion to support fuel prices, seeking to shield consumers and key sectors of the economy from the impact of rising global oil costs. The measure was introduced through an executive......
Saudi Aramco has warned that the disruption of oil shipments through the Strait of Hormuz could have long-lasting consequences for global energy markets, with depleted oil inventories potentially requiring up to 18 months to recover, even if normal shipping operations resume immediately. According to......
The global oil market has so far demonstrated remarkable resilience after losing more than one billion barrels of supply during the conflict involving Iran. However, industry analysts warn that the stability achieved in recent months has come at the expense of emergency stockpiles, leaving the market......
Gasoline refined by India's Nayara Energy has been supplied to Russia through international trading firms, according to sources familiar with the transactions, highlighting a new development in energy trade as Moscow works to address fuel supply disruptions linked to damage to its energy infrastructure. The......
Marco Rubio stated that the United States is prepared to consider “another way” of dealing with Iran if ongoing diplomatic negotiations fail to produce an agreement. Speaking to journalists during a visit to India, Rubio emphasized that Washington still prefers diplomacy and is willing to......
The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing......
The world’s largest oil and gas companies, along with major producing states, are on track to generate an additional $234 billion in profits by the end of 2026 if crude prices remain around $100 per barrel. The projection, based on data from Rystad Energy, reflects how the conflict linked to Iran......
The United States has launched its most comprehensive economic measures against Russia, targeting its two largest oil companies, Rosneft and Lukoil, as efforts to resolve the war in Ukraine remain stagnant. The sanctions, announced by Treasury Secretary Scott Bessent on October 21, 2025, represent a......
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