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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

11:04 Oil

US crude oil inventories down by 2.7% for week ending June 13

- Daily crude oil production increased to around 13.43 million barrels per day

10:20 Oil

Oil slumps as ceasefire hopes ease supply fears, macroeconomic uncertainties weigh on demand

- US' reported 60-day ceasefire offer in Gaza Strip and a potential prisoner exchange deal with Hamas, helps reduce geopolitical risk premiums

18.06.2025 Oil

IEA revises down global oil demand growth forecast

-Global oil demand is expected to reach 103.76 million bpd this year, representing an increase of about 720,000 bpd compared to last year, according to the IEA's Oil Market Report

17.06.2025 Oil

IEA: Oil markets face structural shift as supply and demand dynamics evolve

- Oil trends show 'remarkable double act' with US driving 90% of global supply growth and China accounting for 60% of demand growth over the past decade, 'but these dynamics are shifting,' says IEA chief

17.06.2025 Oil

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

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

Iranian missiles damage oil refinery in northern Israel

- Missiles hit Bazan oil refinery complex in Haifa, causing damage to pipelines, transmission lines, operator says

15.06.2025 Oil

US oil rig count down by 3 for week ending June 13

- Number of US oil rigs fall by 49 compared to one year ago

14.06.2025 Oil

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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

Oil falls as US-Iran diplomacy hopes offset Mideast tensions

- Amid ongoing concern over potential supply disruptions due to rising tensions in Middle East, optimism grows over possible direct negotiations between Washington and Tehran

12.06.2025 Oil