Tag:

Oil Price

Could renewed Middle East tensions trigger another global oil price shock?

The Middle East has long occupied a central position in the global energy system. Home to some of the world's largest oil producers and critical shipping routes, the region plays a decisive role in determining energy supplies, market stability and international economic performance.

21 May 2026-23:01
Why did the U.S. lower its Brent oil price forecast for 2026?

The U.S. Department of Energy slightly lowered its forecast for the average price of Brent Crude in 2026, reducing the estimate from $96 per barrel to $94.85 per barrel.

13 May 2026-06:58
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