Keywords: Oil market
Oil prices fell sharply in Asian trading on Monday, dropping by more than 5% as investors reacted positively to the absence of new US strikes against Iran and renewed hopes that diplomatic talks could help ease tensions between Washington and Tehran. After around 30 minutes of trading, Brent crude,......
The global oil market could move out of its current trading range by early 2027 if geopolitical tensions in the Middle East persist, Eni CEO Claudio Descalzi has warned, pointing to growing risks for inflation and energy demand. In an interview published by Italian financial newspaper Il Sole 24 Ore,......
As the summer travel season gets underway across France, fuel prices continue to ease only partially, remaining significantly higher than levels recorded before the outbreak of conflict in the Middle East, according to government data released on Monday. While motorists are seeing some relief at the......
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......
The OPEC+ alliance is expected to approve another increase in oil production targets, according to sources familiar with internal discussions, adding fresh supply to a market already under pressure from falling prices and shifting geopolitical conditions. The decision is expected to be formalised during......
The global oil market is expected to require three to four months to return to normal conditions following months of disruption in the Middle East, according to Patrick Pouyanné, who says lingering logistical challenges continue to distort prices despite the easing of regional tensions. Speaking......
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......
The International Monetary Fund (IMF) has said that the normalization of global energy and commodity prices will take time, even after recent developments that eased tensions in key energy-producing regions. According to the Fund, a decline in energy and raw material prices has been observed following......
The OPEC+ alliance is expected to move forward with another increase in oil production quotas for July as part of its ongoing strategy to gradually adjust supply levels in response to evolving market conditions. The decision reflects the group's efforts to balance global energy demand while maintaining......
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