Keywords: Oil market
The price of diesel in France has climbed to a new record, reaching an average of €2.4097 per litre on Sunday as disruptions linked to the geopolitical crisis continue to weigh on fuel supplies. The latest figure, compiled from prices reported at more than 8,700 service stations, represents another......
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......
The United States has expressed cautious optimism that an agreement with Iran could soon lead to the reopening of the Strait of Hormuz, one of the world's most strategically important maritime routes for global energy supplies. US Treasury Secretary Scott Bessent said negotiations between Washington......
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......
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......
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