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crude oil prices
Latest news regarding crude oil prices.
Conflicts in the Middle East caused global crude oil exports to fall by 8% in the past three months.
The disruption in the Strait of Hormuz has reshaped the world's energy flows, causing oil exports from the Middle East to fall by nearly 50% while shipping costs remain at record highs.
Market
China's oil refining output hit a four-year low of 13.3 million barrels per day.
Oil refining activity in China in April 2026 fell 5.8% to its lowest level since 2022 due to negative profit margins and weakening domestic demand.
World oil prices today, May 14th: WTI oil surpasses $101, Brent oil maintains the $106 mark.
At the close of trading on May 13th, world crude oil prices continued their upward trend, with WTI reaching $101.58 per barrel. Meanwhile, natural gas prices increased by 0.81%, while RBOB gasoline prices decreased slightly.
US crude oil inventories rose to a three-year high of 464.7 million barrels.
The EIA report showed that U.S. commercial crude oil inventories rose by 3.1 million barrels, exceeding forecasts. However, fuel reserves fell sharply due to increased international demand.
OPEC+ increased oil production by 206,000 barrels per day in May 2026.
Faced with pressure from crude oil prices approaching $120 per barrel, OPEC+ decided to increase production quotas, but experts warn that this increase will not be enough to compensate for the supply shortfall.
OPEC+ increased production by 206,000 barrels per day in May 2026.
The OPEC+ alliance has agreed to increase crude oil production quotas by 206,000 barrels per day in May 2026 to calm the market amid oil prices approaching $120 per barrel.
OPEC oil production in March 2026 is expected to fall by 7.3 million barrels per day, the lowest level since the pandemic.
OPEC's total oil production in March 2026 plummeted to 21.57 million barrels per day due to shipping disruptions in the Strait of Hormuz.
Prime Minister Pham Minh Chinh: Immediately build a crude oil storage facility at Nghi Son and consider other locations.
April 1, 2026 17:25
On the morning of April 1st, Prime Minister Pham Minh Chinh chaired a meeting of the Government Standing Committee on the preparation for the implementation of the project to build a national crude oil reserve storage facility in Nghi Son (Thanh Hoa).
Chicago soybean prices rose to $11.63 per bushel following volatility in the Middle East.
March 21, 2026 09:35
Soybean, corn, and wheat prices all rose on March 19, 2026, as crude oil prices surged 3%, coupled with concerns about drought conditions in US farming regions.
Chicago soybean prices rose to $11.63-1/2 per bushel thanks to a surge in the crude oil market.
March 20, 2026 19:02
On March 19, 2026, Chicago soybean prices rose 0.2%, following the upward trend of crude oil. Conflicts in the Middle East and inflation concerns are driving up the agricultural commodities sector.
Dubai oil prices hit a record high of $153.25 per barrel, surpassing Brent crude's all-time high.
March 18, 2026 07:58
Middle Eastern oil prices have surged due to conflict in the Strait of Hormuz, causing exports to Asia to fall by 32% and forcing refineries to seek alternative sources of supply.
Crude oil prices surpass $100 per barrel, while global soybean prices reach a two-year high.
March 17, 2026 06:00
Geopolitical tensions in the Middle East pushed Brent crude oil prices up to $103.14 per barrel, triggering a surge in investment in agricultural and raw materials globally.
Fuel prices today, March 17, 2026: World crude oil prices rise sharply, RON95 and diesel remain unchanged.
March 17, 2026 06:00
Fuel prices today, March 17, 2026: World crude oil prices rose sharply, with Brent crude exceeding $104 per barrel. Domestic prices for RON95 and diesel remain unchanged, as per the decision of the Ministry of Industry and Trade...
Updated fuel prices today, March 16, 2026: World crude oil prices surpass $100.
March 16, 2026 06:00
Fuel prices today, March 16, 2026: Domestic prices remain stable thanks to the release of the Price Stabilization Fund, while world prices fluctuate sharply, with crude oil exceeding $100 per barrel.
Fuel price update this afternoon, March 13, 2026: World crude oil prices remain above $100 amid Middle East tensions.
March 13, 2026 17:00
Today, March 13th, fuel prices are fluctuating, with kerosene rising sharply while the global energy sector is in turmoil due to tensions in the Strait of Hormuz.
Why are Middle Eastern conflicts causing gasoline prices to skyrocket?
March 10, 2026 15:09
Whenever tensions escalate in the Middle East, the global energy market is shaken. Disruptions to oil production and transportation cause gasoline and diesel prices to rise rapidly across the globe...
Palm oil prices surged to their highest level in three years, reaching 4,774 ringgit per ton, driven by soaring crude oil prices.
March 10, 2026 08:32
Palm oil prices in Malaysia rose more than 9% in early trading this week, marking a record increase since 2021, driven by positive prospects for demand for biofuels and crude oil.
Today's fuel price update, March 10, 2026: World crude oil prices reverse course and fall 1-4% after signals from the G7.
March 10, 2026 06:21
Fuel prices today, March 10th: World prices reversed course and fell by 1-4% following signals from the G7, while domestic prices remain at the increased levels from the March 7th adjustment.
Palm oil prices surged 9.32% to their highest level in over a year.
March 9, 2026 15:29
Palm oil futures in Malaysia recorded their biggest daily gain in three years, reaching 4,774 Ringgit/tonne, driven by the crude oil market and fuel demand.
Updated fuel prices today, March 9, 2026: World crude oil prices rise 20% due to supply concerns.
March 9, 2026 07:41
World oil prices rose nearly 20% on March 9th due to supply concerns. Tensions in the Middle East are disrupting global supply, plunging the energy market into a spiral of instability.
Heavy American crude oil prices hit multi-year highs as the Iran conflict disrupted supply.
March 6, 2026 15:38
Tensions in the Strait of Hormuz have cut Middle Eastern supplies, pushing Mars crude oil prices to a premium of $5.50 per barrel over WTI crude, the highest since 2020.
US crude oil inventories surged by 16 million barrels, the highest level since the beginning of 2023.
March 5, 2026 20:03
A report from the U.S. Energy Information Agency (EIA) shows a sharp increase in crude oil inventories to 435.8 million barrels, far exceeding forecasts due to declining refinery activity and increased imports.
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