Tag:

Oil Price

Azerbaijani oil prices average $85 in Q1 2026 outperforming budget forecasts

The average export price of Azerbaijan’s Azeri Light (CIF) crude oil per barrel in global markets for January–March 2026 has been announced

08 Apr 2026-16:05
Azeri Light oil surges to $141.68 amid global market volatility

The price of Azerbaijani oil grade Azeri Light (CIF) has risen sharply on global markets, increasing by $10.89, or 8.3%, to reach $141.68 per barrel.

03 Apr 2026-11:09
What is driving global energy and oil price volatility

Global energy markets are currently experiencing heightened volatility due to a combination of geopolitical tensions, supply constraints, and shifting demand patterns. The price of Brent crude oil, which serves as a key international benchmark, has been particularly sensitive to developments in major producing regions.

31 Mar 2026-19:30
Oil, gas prices surge triggers $111B in global losses

An analysis by environmental group 350.org estimates that rising oil and gas prices have cost consumers and businesses worldwide up to $111 billion during the first month of the war involving Iran.

31 Mar 2026-09:13
Amid Middle East unrest, Azerbaijani oil prices soar to new high

The price of Azerbaijan's Azeri LT CIF oil rose by $2.99, or 2.46%, to reach $124.24 per barrel in the global market.

28 Mar 2026-14:58
Malaysia construction sector hit by oil price surge

Malaysia’s construction sector is facing growing pressure as rising global oil prices linked to Middle East tensions drive up costs and threaten project viability, industry representatives said.

24 Mar 2026-14:57
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
Oil drops after Trump predicts quick end to war

Oil prices fell sharply on Tuesday after soaring to a more than three-year high a day earlier, as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing fears of prolonged disruptions to global oil supplies.

10 Mar 2026-09:05
Japan's Nikkei slides most since April on oil price surge

Japanese stocks recorded their steepest drop since April as rising oil prices and escalating tensions in the Middle East weighed heavily on the country’s economic outlook.

09 Mar 2026-10:25
Brent crude price surges over 90 USD a barrel amid Mideast tensions

Brent crude oil, the international benchmark, topped 90 U.S. dollars per barrel during Friday's session, the first time since April 2024, trading data showed.

06 Mar 2026-23:03