Tag:

Oil Market

UAE leaves OPEC: What comes next for the global oil market?

The World Bank expects commodity prices to rise to levels last seen in 2022, affecting not only oil and gas but also other raw materials, according to Bloomberg. Their global prices could increase by an average of 16 percent due to the war in Iran and related disruptions to supplies of oil, metals and fertilisers, World Bank experts say. As for energy commodities, the World Bank forecasts a 24 percent rise in prices. Brent crude, for example, is now expected to average $86 per barrel, up from the previous forecast of $60.

29 Apr 2026-15:52
Korea to expand livestock exports to Vietnam's "incredibly huge" market

Korea will expand exports to Vietnam to include the country’s entire meat market, a step up from Cheong Wa Dae’s announcement last week that the two nations had reached a quarantine agreement for Korean poultry exports to the Southeast Asian economy.

27 Apr 2026-14:53
Markets turn cautious as oil tops $110 on Iran deadline fears

Global financial markets were subdued on Tuesday as investors reacted to rising geopolitical tensions, with oil prices climbing above $110 per barrel ahead of a looming deadline set by U.S. President Donald Trump for a potential deal with Iran.

07 Apr 2026-17:18
Japan starts unilateral oil reserve release

Japan began releasing oil from its reserves on Monday in an effort to ease supply concerns triggered by the escalating U.S.-Israel conflict with Iran and to stabilize the domestic petroleum market.

16 Mar 2026-10:32
Market turmoil drives the dollar higher as investors seek safety

On Friday, the dollar climbed to a three-month peak and was on track for its second consecutive weekly gain since the onset of the war in Iran, as market instability made it the last remaining safe-haven asset.

14 Mar 2026-12:54
World on the brink of the biggest energy crisis in history - OUR ANALYSIS

The global oil market is once again entering a period of sharp turbulence. Geopolitical conflicts, threats to critical energy transport routes, and rising inflation expectations have pushed energy prices upward. At first glance, such developments might seem to benefit oil-exporting countries. After all, higher prices mean higher revenues. Yet the reality of the modern energy economy is far more complex. Extremely high oil prices can be just as problematic for producers as a dramatic collapse in the market.

14 Mar 2026-12:42
IEA warns of historic oil supply crisis

The Middle East war is causing the largest supply disruption in oil market history, with about 20 million barrels per day of crude and products that normally pass through the Strait of Hormuz now reduced to a trickle, according to the International Energy Agency on Thursday.

12 Mar 2026-18:43
Oil price spike rattles Bitcoin and global crypto market

Soaring oil prices amid rising tensions in the Strait of Hormuz are starting to affect global financial markets, sparking worries about possible impacts on cryptocurrencies and other high-risk assets.

11 Mar 2026-18:24
Why sanctions on Lukoil and Rosneft won’t change the oil market

Igor Yushkov is a leading analyst at the National Energy Security Fund and an expert at the Financial University under the Government of the Russian Federation. The article reflects the author’s personal views, which may not coincide with those of News.Az.

29 Oct 2025-09:51
Azerbaijani oil price surges over 5% in global markets

The price of Azeri Light crude oil jumped by $3.30, or 5.2%, reaching $66.75 per barrel on Friday.

24 Oct 2025-10:55