The price of Brent crude oil fell by 6.03%, settling at $78.72 per barrel.
As of August 3, oil prices worldwide experienced a decline.
Brent crude oil prices exceeded $100 per barrel for the first time since May.
Global oil prices rose sharply during rising tensions around Iran.
The UAE plans to launch a new pipeline in 2027 to export oil bypassing the Strait of Hormuz. This is reported by Al Arabiya.
Hungary has returned the gold and cash belonging to Oschadbank, which had been confiscated in February, back to Ukraine. This was announced by Ukrainian President Volodymyr Zelensk...
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has issued a license that allows Russia to sell oil and petroleum products loaded onto ships until March 12.
The ship was trying to violate the quarantine imposed by President Donald Trump, hoping to escape, the Pentagon stressed.
Cuba has only 15-20 days of oil reserves left after the United States blocked supplies from Venezuela and put pressure on Mexico, the last supplier of energy resources to the islan...
The US government has started selling Venezuelan oil on the world market. To do this, Washington partially lifted sanctions against Caracas.
The Ministry of Energy of Kazakhstan has confirmed that two tankers carrying Kazakhstani export oil were attacked by drones in the Black Sea.
US President Donald Trump said he would meet with representatives of major US oil companies today to discuss investments in Venezuela's energy sector.