Brent crude oil futures prices settled at $82.03 per barrel, marking a significant increase of $2.11 or 2.64% from the previous day’s closing price. This surge comes amidst growing concerns…
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The Kremlin has announced that “nothing can be ruled out” in response to the latest round of US sanctions targeting Russia’s energy sector. These sanctions, imposed by the US Treasury…
The International Energy Agency (IEA) forecasts that global oil supply will grow by 1.8 million barrels per day (bpd) in 2025, exceeding the projected growth in demand. This increase in…
Iraq’s Oil Minister, Hayan Abdel-Ghani, has announced that the country will finalize a significant oil and gas deal with BP by the first week of February. This agreement focuses on…
Azerbaijan’s oil production experienced a slight increase in December 2023, reaching 65,987 tons per day compared to 65,885 tons per day in November 2023, according to the Energy Ministry. While…
U.S. crude oil futures experienced a decline, settling at $77.50 per barrel, marking a decrease of $1.32 or 1.67%. This downturn is attributed to growing concerns about the health of…
Brent crude oil futures, a key global benchmark for oil prices, settled at $79.92 per barrel on [date of news], marking a decrease of $1.09 or 1.35% from the previous…
U.S. crude oil futures experienced a significant surge, settling at $78.82 per barrel, marking a $2.25 increase, or a 2.94% rise. This upward movement comes as a response to several…
Brent crude oil futures, a global benchmark for oil prices, settled at $81.01 per barrel on [Date of news release], marking a rise of $1.25 or 1.57 percent. This upward…
Six European Union countries are advocating for a reduction in the G7-imposed price cap on Russian oil. Currently set at $60 per barrel, the cap aims to limit Russia’s revenue…