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Crude oil market
News updates related to the crude oil market.
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.
Market
Chicago soybean prices rose to $11.63-1/2 per bushel thanks to a surge in the crude oil market.
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.
Vietnam is ready to halt crude oil exports to prioritize domestic gasoline and diesel supply.
Faced with the risk of volatility from the Middle East, Petrovietnam activated emergency measures, operating its refineries at over 100% capacity to ensure national energy security.
Vietnam secures 70% of its domestic fuel supply amidst fluctuations in the Middle East.
The government issued Resolution 36/NQ-CP to respond to the risk of global energy supply disruptions. Petrovietnam is boosting production and imports to stabilize the market.
World oil prices surpassed $119 as the Iran conflict disrupted supply in the Middle East.
Geopolitical tensions in the Persian Gulf have caused Brent and WTI oil prices to surge by more than 12%. Gulf nations are simultaneously cutting production while the G7 discusses options for relief...
OPEC oil production is expected to fall to 28.34 million barrels per day in January 2026.
A Reuters survey indicates that OPEC oil production will fall by 60,000 barrels per day in January 2026 due to declining supply from Nigeria and restrictive OPEC+ policies.
OPEC oil production is expected to fall to 28.34 million barrels per day in January 2026.
OPEC's oil production fell in January 2026 due to reduced supply from Nigeria and Libya, while the OPEC+ alliance paused its production increase plans.
World oil price trends in September 2025 and market forecast for October.
February 11, 2026 15:00
The global crude oil market experienced alternating periods of increases and decreases in September 2025 due to pressure from abundant OPEC+ supply facing weakening demand in various economies...
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