World oil prices today September 25, 2025: Oil prices increase thanks to reduced US inventories
World oil prices today September 25, 2025: Oil prices jumped more than 1% due to a decrease in US inventories, while supplies from Russia, Venezuela and Kurdistan encountered difficulties.
A report from the American Petroleum Institute (API) showed that US crude oil inventories fell last week. This information immediately pushed oil prices up sharply, reinforcing the belief that supplies are tightening. Brent crude rose 97 cents, or 1.4%, to $68.60 a barrel, while WTI rose 99 cents, or 1.6%, to $64.40 a barrel.
Ukraine said it had attacked two oil pumping stations in Volgograd, disrupting flows in Russia's strategic export region. A state of emergency was declared in the port city of Novorossiisk as oil and grain exports were affected.
Ukrainian drone attacks have also forced many Russian refineries to reduce capacity, causing shortages of some fuels.
Plans to resume oil exports from Kurdistan have been delayed further as two major producers demand debt guarantees, leaving around 230,000 barrels per day (bpd) of oil flowing to Türkiye.
In Venezuela, Chevron has also been forced to reduce exports due to licensing constraints from the US. These factors further push up oil prices in the short term.
The US has called on the European Union to speed up the removal of Russian oil and gas, while President Trump has said Ukraine can regain all of its territory. Iran has said it will continue exporting to China and will not impose new restrictions. This situation makes the global oil market more sensitive to political moves.
Although oil prices are rising due to supply shortages, the International Energy Agency (IEA) forecasts that global oil production will continue to increase this year and could create a surplus by 2026. The market is therefore caught between two impacts: short-term support from supply disruptions, but long-term still facing the risk of surplus.