global oil market News

Global Shifts and U.S. Policies Drive Fuel Prices to a Stunning 4-Year Low

Fuel prices have reached a 4-year low, with RON95 dropping to VND19,200 per liter, influenced by U.S. policies and global market shifts. Biofuel E5 RON92 and diesel also see signif...

Global Oil Market Shifts: Fuel Prices Hit 5-Week High Amid U.S. Tariffs and Inventory Changes

Fuel prices have reached a five-week high, with RON95, Biofuel E5 RON92, and Diesel seeing significant increases. Global factors such as U.S. crude oil inventory changes and new ta...

Surge in India's Crude Oil Imports: 67% Spike from US, 11% Rise from Russia Despite Trump's Tariff Threats

Indian refiners increased US crude imports by 67% and Russian imports by 11% in March, despite US sanctions and Trump's tariff threats. Industry leaders doubt significant global ma...

Historic Commitment: 7 OPEC+ Nations Pledge Deeper Oil Production Cuts Through 2026

OPEC+ announces a major compensation cuts plan through June 2026, with 7 key nations committing to significant oil production reductions to stabilize the global oil market.

Egypt's New Oil Discovery Shakes Market: Crude Prices Dip by 1%

Egypt confirms an 8 million barrel oil reserve discovery in the Gulf of Suez, leading to a 1% drop in crude oil prices. The US reports a significant increase in oil inventories, af...