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IEA: Oil supplies stable for now, but we're ready to act if needed

- IEA Executive Director Fatih Birol: "The IEA oil security system has over 1.2 billion barrels of emergency stocks"

13.06.2025 Oil

Oil set for second weekly gain on Israeli airstrikes, stronger demand outlook

- Prices reach highest levels in nearly five months following Israeli attack on key Iranian military and nuclear sites

13.06.2025 Oil

Brent oil surges more than %7 following Israel's strikes on Iran

- Oil prices hit their highest in almost five months after Israel struck Iran

13.06.2025 Oil

Japan resumes Russian crude oil imports after over 2-year hiatus: Report

- Sanctioned vessel, Voyager, delivered crude to Taiyo Oil refinery on June 8

12.06.2025 Oil

US energy agency slightly revises up Brent price forecast for 2025

- International benchmark Brent crude estimated to average $65.97 per barrel

11.06.2025 Oil Energy Projects

Oil prices edge up on US-China trade hopes amid market caution

- Oil prices rise slightly on optimism over US-China trade deal, tempered by market caution and uncertain details

11.06.2025 Oil

Russia's budget posts $43.2B deficit amid falling oil prices

- Russia's budget revenues up 3.1%, while expenditures soared 20.8% year-on-year this January to May

11.06.2025 General

Russia extends oil and products export ban until end of year

- Decision to prohibit oil and petroleum products export to parties complying with Western price cap prolonged until Dec. 31, 2025

10.06.2025 Oil Energy Diplomacy

Brent crude falls below $66 on China data, OPEC+ output plans

- Oil markets under pressure from trade tensions, ahead of US jobs data

09.06.2025 Oil

US oil rig count down by 9 for week ending June 6

- Number of US oil rigs fall by 50 compared to one year ago

07.06.2025 Oil

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Oil prices end week higher on Ukraine-Russia tensions, falling US inventories, and trade hopes

- Oil posts strong weekly gain as geopolitical risk rises, inventories fall, and rate cut hopes lift sentiment

06.06.2025 Oil

Brent crude dips slightly on demand worries, geopolitical uncertainty

- Oil prices see limited movement as weak economic data from the US and China weigh on demand outlook, while geopolitical tensions keep markets on edge

06.06.2025 Oil

US crude oil inventories down by 1% for week ending May 30

- Daily crude oil production increased to around 13.41 million barrels per day

05.06.2025 Oil

Oil slips on trade uncertainty, OPEC+ output hike

- US President Trump's signs executive order doubling tariffs on steel and aluminum imports to 50%, reigniting concerns over global economic growth

04.06.2025 Oil

Oil prices edge lower over demand worries triggered by Trump's trade policies

- Key US labor market data, seen as gauge of economic momentum, under close investor scrutiny

03.06.2025 Oil

Oil rises as Ukraine strikes Russian bases ahead of Istanbul peace talks

- Prospect of new US sanctions against Russia is deepening supply concerns and pushing oil prices higher

02.06.2025 Oil

OPEC+ members agree to 411,000 output rise in July

- Eight OPEC+ nations will boost oil production by 411,000 barrels per day (bpd) in July, compared to June levels, as part of plan to gradually unwind voluntary output cuts

31.05.2025 Oil