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Oil up on US inventory drop, market cautious amid Iran-Israel truce uncertainty

- Sharper than expected drop in US crude inventories points to strong demand, while geopolitical risks keep traders on edge

10:19 Oil

Oil prices fall as Israel-Iran ceasefire reports eases supply concerns

- US President Donald Trump announces that a ceasefire between Iran and Israel is now in effect, urging both parties to go along with it

24.06.2025 Oil

Russia condemns 'unprovoked' Israeli, US bombing of Iranian nuclear sites

- 'Washington, yet again, demonstrated its complete contempt for the position of the international community,' Vassily Nebenzia tells UN Security Council

23.06.2025 General

Oil prices eye 3rd straight weekly gain amid escalating Israel-Iran conflict

- Brent crude trims recent gains, but remains on track for a 2.6% weekly increase due to escalating geopolitical tensions and supply-side concerns

20.06.2025 Oil

Oil prices surge 11% amid week-long Israel-Iran conflict

- If current geopolitical crisis persists or worsens, market will have to recalibrate to new normal around $80, says an independent oil market analyst

20.06.2025 Oil

Russia, Kazakhstan agree on nuclear power plant roadmap

- Russian atomic energy corporation Rosatom to lead international consortium tasked with building a large-capacity nuclear power plant

20.06.2025 Electricity

Oil down with Fed inflation forecast, easing geopolitical tensions

- Oil falls as Fed raises inflation forecasts and US hesitancy eases supply fears

20.06.2025 Oil Finance

Russia says strike on Iran's Bushehr plant may lead to 'catastrophe comparable to Chernobyl'

- Such a strike would be 'beyond line between good and evil,' says Rosatom head, adds state corporation monitoring situation at Bushehr plant, safety of Russian specialists

20.06.2025 General

Oil rises on US inventory drop, geopolitical tensions, and Fed rate decision

- Markets brace for potential supply shock amid US stock decline and regional unrest

19.06.2025 Oil

UK unveils new set of sanctions targeting Russia’s oil, military, financial networks

- Among most high-profile targets are 20 oil tankers linked to what has been referred to as Russian President Putin’s 'shadow fleet'

18.06.2025 General

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EU proposes banning LNG gas imports from Russia by end of 2027

- 'This will help the EU become more energy independent, improve the security of the energy supply, and boost the Union's energy independence and competitiveness,' says EU Commission

17.06.2025 Natural Gas

Oil prices climb as Iran-Israel tensions raise supply fears

- Prices fall to $69.96 on Monday on signs of de-escalation but rebound after US president called for evacuating Tehran

17.06.2025 Oil

OPEC daily crude output up 0.7% in May

- Global oil demand growth forecast for 2025 remains unchanged at 1.29 million barrels per day

16.06.2025 Oil

Russia claims it struck oil refinery in Poltava region in overnight attack

- Defense Ministry claims hitting oil refinery in industrial city of Kremenchuk, alleging it supplied fuel to Ukrainian forces in Donbas region

16.06.2025 General

Oil prices rise as Israel-Iran tensions stoke supply fears

- Escalating hostilities reinforce expectations of potential oil supply disruptions and heighten concerns over security of Strait of Hormuz, key chokepoint for global energy trade

16.06.2025 Oil