oil prices

Oil prices fall as markets assess U.S.-Iran agreement and Hormuz reopening

Oil prices declined on the morning of June 17 as traders evaluated details of a planned U.S.-Iran agreement and signs of tightening fuel inventories in the United States, Interfax-Ukraine reported.

17 June, 10:50 AM

Oil prices fall after Trump backs away from Iran strike plans

Oil prices fell by more than $1 a barrel on Thursday, extending losses from the previous session after U.S. President Donald Trump backed away from plans to strike Iran, easing fears of further escalation following reciprocal attacks earlier this week, Reuters reported on June 12.

12 June, 12:37 PM

Oil prices rebound after U.S. strikes on Iran

Oil prices rose on June 10, recovering some losses after falling to a seven-week low in the previous session, as markets reacted to fresh U.S. military strikes on Iran and data showing another sharp decline in U.S. crude inventories, Reuters reported.

10 June, 02:01 PM

Russia’s fuel subsidy saps oil price windfall

Russia’s domestic fuel subsidy program is cutting into windfall profits from surging oil prices, Bloomberg reported on June 3, citing government data.

4 June, 01:09 AM

Hormuz blockade could send oil to $130 and trigger recession on par with 2008 crash

If the blockade of the Strait of Hormuz extends into August, it could push the global economy into a downturn comparable to the 2008 world financial crisis, Bloomberg reported on May 21, citing analysts at U.S. consulting firm Rapidan Energy Group.

22 May, 01:20 PM

Oil prices fall 2% after Trump delays Iran strikes to allow more negotiations

Oil prices fell roughly 2% at the open of Asian trading on May 19 after U.S. President Donald Trump announced he was delaying planned strikes on Iran to allow more time for negotiations, Reuters reported.

19 May, 11:55 AM

U.S. starts to export oil from its strategic reserve

The United States has begun exporting crude oil from its Strategic Petroleum Reserve for the first time in history, with the first shipments going to Türkiye, the Netherlands, and Italy, Reuters reported on May 11.

12 May, 09:14 AM

Russia’s budget deficit grows despite higher oil prices

Russia’s federal budget deficit continued to widen despite rising oil prices linked to tensions in the Middle East, exceeding the country’s full-year target by 50% in the first four months of the year, The Moscow Times reported on May 11.

11 May, 03:19 PM

Oil surges after fresh attacks in Middle East fuel price spike fears

Oil prices jumped about 6% as Iran stepped up attacks on the United Arab Emirates and vessels in the Persian Gulf over the past 24 hours, according to market data and reports on May 5.

5 May, 01:29 PM

Oil prices fall as Trump announces Operation Project Freedom

Oil prices dropped after Trump announced that the U.S. will begin an effort to assist ships stranded in the Strait of Hormuz, Reuters wrote on May 4.

4 May, 02:20 PM

Soaring oil prices will not save Russia's sluggish economy from recession — Bloomberg

The sharp spike in oil prices caused by the war in the Middle East is unlikely to help Russian dictator Vladimir Putin revive Russia's sluggish economy, now verging on recession, Bloomberg reported on April 22.

22 April, 02:25 PM

Ukrainian gas prices will fall slower than global oil

Falling global crude and refined-product prices will not lead to a rapid drop in retail prices at Ukrainian gas stations, a source in a major gas station network told NV Business on April 8.

8 April, 08:24 PM

Oil prices surge on Trump signals of ending war with Iran

Oil prices resumed gains after an earlier pullback on media reports that U.S. President Donald Trump is willing to end the war with Iran, even if the Strait of Hormuz remains largely closed, Interfax-Ukraine reported on March 31.

31 March, 12:15 PM

Moldova suspends 70% of bus routes amid sharp fuel price rise — deputy PM

Moldovan road transport operators have suspended about 70% of regular passenger routes, Deputy Prime Minister Vladimir Bolea said, Interfax-Ukraine reported on March 27.

27 March, 10:28 AM

Saudi Arabia assesses oil price surge amid Iran war

Saudi Arabia is assessing how high oil prices could rise if the war with Iran and related disruptions to energy supplies persist, as concerns grow over prolonged instability in global markets, The Wall Street Journal reported on March 20.

20 March, 07:39 PM

Higher oil prices may aid Russia’s budget — Peskov

Rising oil prices and a temporary easing of U.S. sanctions could bring additional revenue to Russian energy exporters and boost budget income for Russia, Kremlin spokesman Dmitry Peskov said, according to The Moscow Times on March 16.

16 March, 03:56 PM

Ukraine fuel prices climb amid global oil turmoil — analysis

War in the Middle East has disrupted oil shipments through the Strait of Hormuz, rattling global energy markets and driving fuel prices higher in Ukraine, where motorists have seen prices rise by 6–10 hryvnias per liter.

10 March, 02:19 PM

Oil prices hit highest level since 2022 amid escalation of fighting in Iran

Oil prices rose more than 25% to their highest level since mid-2022 and climbed above $100 per barrel for the first time since then, Reuters reported on March 8.

9 March, 12:42 PM

Strait of Hormuz traffic drops to near zero

Since Monday, March 2, only nine commercial vessels have transited the Strait of Hormuz, while an average of 138 vessels crossed the waterway daily before the U.S.–Israeli operation against Iran began on Feb. 28, AFP reported on March 6.

7 March, 01:38 AM

Global oil surge threatens to reverse year of declining Russian energy revenues - ISW

Threats to shipping in the Strait of Hormuz are driving a sharp spike in crude oil prices, a trend that could provide the Kremlin with the funds to stabilize its economy and sustain the war, the Institute for the Study of War (ISW) wrote on March 2.

3 March, 10:53 AM

oil prices

1
2
3
4