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oil market
Latest news related to the oil market.
The IEA warns that the oil market will enter "red zone" from July 2026.
The International Energy Agency (IEA) forecasts that the global oil market faces a serious shortage risk in the third quarter of 2026 as strategic reserves gradually run out.
Market
OPEC+ plans to increase production quotas by 188,000 barrels per day in July 2026.
The seven core OPEC+ nations are likely to agree on raising their production targets for the fourth consecutive month, despite supply disruptions in the Gulf region.
Russia is significantly increasing its energy exports, contributing to a cooling global market in 2026.
Exports of LNG, crude oil, and coal from Russia reached record levels in the first half of 2026, offsetting supply shortages from the Middle East and driving down gas prices in Asia.
The IEA forecasts a global oil market deficit of 1.78 million barrels per day in 2026.
The International Energy Agency (IEA) warns that global oil supplies will face a severe shortage in 2026 due to conflicts in the Middle East disrupting production and transportation...
OPEC oil production hit its lowest level in more than two decades due to tensions in the Strait of Hormuz.
OPEC's oil production in April 2026 plummeted to 20.04 million barrels per day, the lowest level since 2000, due to the impact of geopolitical conflicts in the Middle East.
Iran's strategy for controlling the Strait of Hormuz and its new geopolitical position.
Tehran asserts that the Strait of Hormuz is a tool of pressure equivalent to nuclear weapons, and proposes a new security mechanism as US influence in the Gulf declines.
President Trump warns that the US-Iran ceasefire is 'on the verge of collapse'.
The ceasefire in the Middle East is in danger of collapsing completely as the US and Iran repeatedly issue tough statements and reject each other's negotiation proposals.
World feed ingredient prices increased slightly in January 2026.
May 8, 2026 19:29
World corn and soybean prices are under upward pressure from dry weather conditions in Argentina and projected wheat consumption of 823.9 million tons in 2025/26.
Global oil supply is tightening, with inventories projected to fall to a level equivalent to 98 days of consumption.
May 8, 2026 08:00
Goldman Sachs warns that global oil inventories could fall sharply by the end of May 2026, while the Asian region recorded its lowest import levels since 2015.
Hormuz in the geopolitical chessboard: Who wins – who loses?
April 25, 2026 15:28
At its narrowest point, the Strait of Hormuz is only 33 kilometers wide, but it holds the "heartbeat" of the global economy. In recent days, the world has held its breath, watching every development at this gateway...
Freight charges for Urals crude oil shipments to India have risen to $21 million per trip.
April 24, 2026 13:29
The cost of transporting Russian crude oil has seen a sharp increase as demand recovers, while also being impacted by the caution of international shipowners in the face of new sanctions.
US crude oil inventories rose by 1.9 million barrels, and energy exports reached a record high.
April 23, 2026 10:33
The EIA report showed that US crude oil inventories rose by 465.7 million barrels while gasoline reserves fell sharply by 4.6 million barrels. Energy exports reached a record high of 12.88 million barrels per day...
Citi forecasts global crude oil inventories to fall by 900 million barrels by the end of June 2026.
April 21, 2026 15:01
Citi Bank warns that global oil inventories will hit an eight-year low due to supply disruptions in the Strait of Hormuz, with Brent crude prices potentially reaching $130 per barrel.
Europe is importing record amounts of aviation fuel from the US and Nigeria due to supply shortages.
April 17, 2026 15:32
Europe is increasing imports of aviation fuel from the US and Nigeria to replace 75% of the supply disruptions from the Gulf region caused by tensions in the Strait of Hormuz.
Japan plans to release an additional 20 days' worth of oil from its reserves starting in May 2026.
April 10, 2026 17:02
The Japanese government plans to replenish its oil reserves to reduce its 95% dependence on supplies from the Middle East and diversify global energy transportation routes.
Japan plans to release an additional amount of oil from its reserves equivalent to 20 days of consumption starting in May 2026.
April 10, 2026 11:02
The Japanese government has announced plans to release additional oil from its reserves and diversify its supply sources away from the Middle East to ensure national energy security against global risks.
OPEC+ increased oil production by 206,000 barrels per day in May 2026.
April 9, 2026 15:32
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.
Iraq's oil production has fallen by 80% to 800,000 barrels per day due to the conflict.
March 26, 2026 17:31
Oil production in southern Iraq has plummeted from 4.3 million to 800,000 barrels per day due to congestion in the Strait of Hormuz and overloaded domestic storage facilities.
Iraq's oil production has fallen by 80% to 800,000 barrels per day due to tensions in the Strait of Hormuz.
March 26, 2026 17:30
Iraq has been forced to drastically cut crude oil production in the south amid stalled exports through the Strait of Hormuz and overloaded storage facilities.
Approximately 40% of Russia's oil export capacity has been disrupted, equivalent to 2 million barrels per day.
March 26, 2026 15:01
An estimated 40% of Russia's crude oil export capacity has been disrupted due to the impact of airstrikes and sanctions, threatening a key source of national revenue.
The EU has postponed the ban on oil imports from Russia until 2027 due to geopolitical risks.
March 25, 2026 14:31
The European Commission has postponed a proposal to legislate on a roadmap to phase out Russian oil imports amid Middle Eastern tensions threatening supply, even though import volumes have fallen sharply.
Goldman Sachs raised its 2026 Brent crude oil price forecast to $85 due to supply risks.
March 23, 2026 17:02
Goldman Sachs raised its 2026 Brent crude oil price forecast by $8 to $85 per barrel amid concerns about disruptions in the Strait of Hormuz and increased stockpiling demand.
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