Topic
Global Oil Market
25 stories related to this topic, newest first.
indianexpress.comfinance39 days ago
Saudi Energy Minister Calls for Stability in Global Oil Markets
Saudi Energy Minister Prince Abdulaziz bin Salman met with Russian Deputy PM Alexander Novak and urged stability in energy markets. Ongoing conflicts in Iran and Ukraine have disrupted supplies and raised oil prices.
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riotimesonline.comfinance48 days ago
Global Oil Market Projected to Stay Undersupplied Through Late 2026
The global oil market is expected to remain short of supply until the fourth quarter of 2026. A pre-crisis surplus is cushioning current disruptions, but rebuilding stocks may keep balances tight beyond this year.
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naturalnews.comfinance52 days ago
China Oil Stockpiling Draws Attention as Market Data Gap Widens
China's crude oil purchases have increased while its strategic petroleum reserve remains largely opaque. Analysts note that this activity creates uncertainty in global oil market models.
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deccanchronicle.comfinance52 days ago
Oil Markets React to Supply Disruptions and Inventory Changes
Global oil markets experienced price increases this week despite reports of potential U.S.-Iran negotiations. The largest U.S. inventory drawdown on record produced only a limited price response while European economic data weakened.
rte.ieworld61 days ago
EPRA to Announce May Fuel Prices as Global Oil Costs Rise
The Energy and Petroleum Regulatory Authority is set to announce its monthly fuel price review on Thursday evening, 14 May 2026, with the current cycle having ended that day. Pump prices in Nairobi exceeded Sh206 per litre for petrol and diesel after one of the steepest increases…
rte.iefinance63 days ago
Aramco Q1 Profit Rises 25%
The company reported $32.5 billion in first-quarter profit amid elevated oil prices following the closure of the Strait of Hormuz in early March. Its chief executive warned that global oil markets will take months or until 2027 to normalize even if the strait reopens immediately…
tfipost.compolitics65 days ago
Trump to Meet Xi Jinping for State Visit as Iran Conflict Disrupts Global Oil Markets
Premier Xi Jinping will host President Donald Trump on May 14 and 15 as the war in Iran dominates their agenda. China has built the world's largest crude oil stockpile while continuing to import Iranian oil in defiance of U.S. sanctions. Beijing's reserves averaged 360 million ba…
nationalpost.compolitics68 days ago
U.S. Forces Destroy Six Iranian Boats as 1,500 Ships Remain Trapped in Gulf
Shell CEO Wael Sawan said the global oil market faces a shortage of nearly one billion barrels due to the Iran conflict and blockade of the Strait of Hormuz. The deficit is deepening daily as lost production and locked-in barrels accumulate, with recovery expected to take months…
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marketpulse.compolitics68 days ago
Petrodollar System Supported U.S. Dollar for Over 50 Years
The global oil market has supported the U.S. dollar for more than five decades through the petrodollar arrangement. NPR reported the system shows signs of strain linked to the Iran war. The arrangement dates to agreements in the 1970s that shaped international oil trade and curre…
Semaforworld70 days ago
Strait of Hormuz Closed, Disrupting 20% of Global Oil Supply
The Strait of Hormuz has been closed for six weeks, marking the biggest supply disruption in global oil market history. This has led to gasoline and diesel shortages, fertilizer price spikes, and potential GDP impacts. Countries are accelerating domestic energy production in resp…
thesouthafrican.comfinance73 days agoUpdated
US Releases Guidance to Shippers on Strait of Hormuz Sanctions
The United States has issued a warning to shipping companies that paying tolls to transit the Strait of Hormuz could expose them to sanctions. This comes amid ongoing tensions with Iran and disruptions in global oil markets. Fuel shortages are expected to intensify over the summe…
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Responsible Statecraftworld76 days ago
UAE Withdraws From OPEC
The United Arab Emirates has announced its formal withdrawal from OPEC effective May 1, citing a desire to increase oil output beyond cartel constraints. The move highlights growing tensions with Saudi Arabia and aligns with U.S. interests in lower oil prices during the Iran war.…
Responsible Statecraftworld76 days ago
UAE Withdraws From OPEC
The United Arab Emirates announced its formal withdrawal from OPEC on May 1, 2026, citing production quota constraints and geopolitical differences with Saudi Arabia. The move positions the UAE to increase oil output once regional conflicts subside. Experts note implications for…
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user:Atsasebo / Wikimedia (CC BY-SA 3.0)finance79 days ago
Tanker Arrival in Asia Highlights Ongoing Crude Oil Shortages
A tanker arrival in Asia has drawn significant media attention due to persistent crude oil shortages in the region. This unusual focus on a routine shipment underscores the severity of supply constraints. Energy analysts are monitoring the situation for potential effects on globa…
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naturalnews.combusiness80 days ago
IEA Reports Oil Supply Disruption in Middle East Amid Ongoing War
The International Energy Agency reported a supply disruption in global oil markets due to the war in the Middle East. This has led to higher prices for consumers. The agency released a report outlining 10 demand-side options to mitigate economic impacts for governments, businesse…
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techjuice.pkworld81 days ago
Investment Bank Projects Swift Oil Production Recovery Amid Market Pressures
An investment bank's analysis forecasts a quick return to prior oil production levels if no additional disruptions occur. This could ease global oil market strains stemming from a recent closure. Energy sector stakeholders are closely watching for signs of sustained recovery.
Substrate placeholder — needs reviewfinance90 days ago
Russian Urals Oil Price Remains Near 12-Year High of Around $100 per Barrel in April
Calculations show that Russian Urals oil has maintained prices close to 12-year highs around $100 per barrel so far in April 2026. This level reflects ongoing market dynamics affecting the grade. The price stability occurs amid broader global oil market conditions.
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Substrate placeholder — needs reviewworld95 days ago
UK Petrol and Diesel Prices Rise Amid Ceasefire Concerns
Petrol and diesel prices in the UK have increased due to geopolitical tensions involving the US, Israel, and Iran. A recent ceasefire may lead to future price reductions, though motoring groups warn against expecting significant drops soon. The situation stems from the ongoing co…
Substrate placeholder — needs reviewbusiness96 days ago
US Gasoline Prices Rise Despite Low Reliance on Middle East Oil Imports
Gasoline prices in the United States increased to an average of $4.16 per gallon on April 8 amid the Iran war, despite the country importing only 8% of its oil from the Middle East. The rise occurred due to global oil market dynamics, with crude prices climbing from $67 to $105 p…
news.sky.comfinance97 days ago
Rising Wholesale Energy Costs Linked to Middle East Tensions Drive Forecasted UK Bill Increases
UK energy bills for typical dual-fuel households are projected to rise by 18% to £1,929 annually from July, following a recent reduction. The increase stems from elevated wholesale prices tied to Iran-related tensions. US gasoline prices have also climbed to an average of $4.14 p…
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thehindubusinessline.comfinance97 days ago
EIA Forecasts Gradual Decline in Brent-WTI Spread with Resumed Strait of Hormuz Oil Flows
The U.S. Energy Information Administration expects the Brent-WTI spread to narrow gradually as oil flows through the Strait of Hormuz resume. This projection accompanies falling oil prices. The analysis addresses global oil market dynamics and potential supply adjustments.
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Substrate placeholder — needs reviewfinance97 days ago
EIA Releases April Short-Term Energy Outlook on Hormuz Closure and Production Outages
The U.S. Energy Information Administration has published its April Short-Term Energy Outlook, identifying a potential closure of the Strait of Hormuz and related production outages as key factors in its forecast. The report examines impacts on global oil markets. It provides proj…
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Substrate placeholder — needs reviewfinance98 days ago
Philippine Central Bank Warns of Oil Price Spike Spillover Effects Amid Inflation Target Breach
The Bangko Sentral ng Pilipinas has warned of potential spillover effects from rising oil prices as inflation exceeded the target range. Inflation reached 4.4 percent in August, surpassing the 2-4 percent goal. The central bank noted risks to economic stability from global oil ma…
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Substrate placeholder — needs reviewfinance98 days ago
Commodity Analyst Discusses Global Oil Market Amid US President's Iran Deadline
Philip Jones-Lux, senior analyst at Sparta Commodities, addressed the global oil market in relation to President Trump's deadline on Iran. He described the potential oil supply shock as unprecedented in scale. The discussion highlights ongoing tensions affecting energy markets.
Substrate placeholder — needs reviewfinance98 days ago
Goldman Sachs Vice Chairman Robert Kaplan Discusses Markets and Federal Reserve in CNBC Interview
Robert Kaplan, Vice Chairman at Goldman Sachs, appeared on CNBC's 'Closing Bell' program. He addressed the current state of financial markets amid geopolitical uncertainty. Kaplan also covered the global oil market and its implications for the Federal Reserve.