Hormuz Strait Transport Disrupted, International Oil Prices Surge Sharply
Affected by a significant escalation of the geopolitical situation in the Middle East, the global oi...
Azerbaijan's Azeri Light Crude Oil Price Falls, Affecting 2026 Budget
According to oil market sources speaking to Trend, on January 26, the price of Azerbaijan's Azeri Li...
Saudi Crude Oil Price Cut Is Just Enough to Stay Competitive
Wedoany.com Report-Nov. 12, Saudi Aramco has lower...
Saudi Aramco and Sonatrach Cut LPG Osps for Nov by 3-4%
Wedoany.com Report-Nov. 1, Saudi Arabia’s state oil company Aramco and Algeria’s national energy firm Sonatrach have reduced their official selling prices (OSPs) for liquefied petroleum gas (LPG) ...
US Oil Prices Drop More Than $1 as Inventory Build Raises Oversupply Fear
Wedoany.com Report-May 15, U.S. crude futures dropped more than $1 in early trading on Thursday after unexpected data showed an increase in U.S. crude oil inventories, sparking concerns about potentia...
Colombia’s Ecopetrol Plans Cost Cuts as Lower Oil Prices Bite
Wedoany.com Report-May 8, On Wednesday, Ecopetrol, Colombia’s state-owned oil company, announced plans to reduce costs and expenses by approximately 1 trillion pesos ($232 million) in 2025, acco...
Oil Prices Climb Slightly With Iran Supply, Trade Talks in Focus
Wedoany.com Report-Apr. 21, Oil prices edged higher at the week’s close, driven by positive developments in U.S. trade negotiations and shifting market dynamics. West Texas Intermediate (WTI) cl...
Azerbaijani Oil Moves up in Price
Wedoany.com Report-Apr. 18, The price of Azerbaijan’s Azeri Light crude oil, delivered on a CIF basis to the Italian port of Augusta, rose by $0.88, a 1.28 percent increase, reaching $69.34 per ...
JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output
Wedoany.com Report-Apr. 15, JP Morgan recently revised its oil price forecasts for 2025 and 2026, pointing to increased OPEC+ production and reduced global demand. The bank lowered its 2025 Brent crud...
Egypt Raises Fuel Prices for First Time in 2025
On Friday, Egypt adjusted fuel prices upward by 11.76% to 14.81%, the first such change in 2025, according to state media. The move aligns with the government’s efforts to reduce fuel subsidies ...