Economics ❯ Energy

Oil

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Urals Oil Falls Back to Pre‑Crisis Levels, Increasing Pressure on Moscow’s Budget

Renewed Gulf flows from a temporary US–Iran pact via an IMO‑Oman transit corridor will cut Russia’s oil tax receipts in August.

India Rebuilds Crude Stocks To Near One-Year High

Pemex Refining Jumps 21.9% in Q1 2026 as Output Shifts to Higher-Value Fuels

IEA Cuts 2026 Oil Demand Outlook as Gulf Disruptions Drain Stocks

Azerbaijani Crude Reaches Japan in Supply Diversification Push

UAE to Leave OPEC and OPEC+ on May 1 to Regain Control of Oil Output

Russia’s Oil Export Revenues Double as Flows Shift on Middle East Strife and U.S. Waiver

Hormuz Shutdown Chokes Fertilizer Supply as U.S. Weighs Farmer Relief

Russia Forecasts Oil Demand Growth to 2050 as Exports Shift to Asia

Canada and China Seal Thaw With EV Import Quota, Canola Tariff Cuts and Visa-Free Entry

OPEC Holds 2026 Demand Outlook as EIA Sees Higher U.S. Output, Softer Prices

Saudi-Backed Forces Claim Control of Yemen’s Hadramaut After Airstrikes

Analysts See Ruble Upswing Ending as Urals Slump Hits Budget

PPSA Sets July 2026 Auction to Sell 106.5 Million Barrels From Six Pre-Salt Fields

CPC Resumes Oil Loadings at Novorossiysk After Drone Attack

OPEC+ Lifts December Oil Caps by 137,000 B/D, Pauses Further Increases in Q1 2026

Petrobras Q3 Output Up 17.3% as Crude Exports Reach 814,000 Barrels a Day

IEA Flags Larger 2026 Oil Glut as Forecast Gap With OPEC Widens

WTI Falls Below $60 as Brent Drops Under $64 for First Time Since Early June

Oil Tops $70 on Trade Deal Boost and Russian Sanctions Risk