Brent

Brent

A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS/Stringer/File Photo

OPEC+ pauses oil output hikes beyond December amid glut fears

OPEC+ has raised output targets by around 2.9 million barrels per day - or around 2.7% of global supply - since April, but slowed the pace from October amid predictions of a looming oversupply

The Samadha engaged in ship-to-ship transfers with four US-sanctioned vessels Photo: Planet Labs, European Space Agency

Indian tycoon Lakshmi Mittal's venture tied to Russian oil shipments via blacklisted vessels

US President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, DC, US, February 13, 2025. Photo: REUTERS/Kevin Lamarque/File Photo

Trump says Modi assured him India will stop buying Russian oil

A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS/Stringer/File Photo

Oil rises on modest OPEC+ output hike, Russia supply concern

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo

Oil extends climb on fresh Iran sanctions, lower US crude stocks

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Oil falls as concerns about demand amid US tariff upheaval return

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil plunge deepens on fears global trade war could trigger recession

Passersby chat in front of an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan, September 30, 2024. Photo: REUTERS/Kim Kyung-Hoon/File Photo

Oil slides on Mideast respite, yen down as Japan govt loses majority

A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Photo: REUTERS/Lucy Nicholson/File Photo

Oil prices likely to fall after Israel shows restraint in strikes on Iran

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. Photo: REUTERS/Drone Base/File Photo

Oil falls 3% as concerns ease on potential Iran supply disruption

An oil pump of IPC Petroleum France is seen at sunset outside Soudron, near Reims, France, August 24, 2022. REUTERS/Pascal Rossignol/File Photo

Brent slips below $85 a barrel for the first time since January