Crude prices fell 0.88% to settle under a key technical level, raising concerns over sustained downward momentum. Crude oil futures settled at $73.21, down $0.65 or 0.88%, breaking below the 200-day moving average of $73.68. The move marks the first close below this techni
Chevron's stock may drop 13% due to oil price slump Chevron's stock is expected to decline 13% due to a drop in oil prices, with a target price of $152.52. The company returned $27 billion to shareholders in 2025 and raised its dividend for the 39th straight year.
Moscow considers halting diesel exports as refinery disruptions and Ukrainian attacks strain domestic fuel supplies and push prices higher. Russia is evaluating a complete ban on diesel exports to address domestic fuel shortages and rising prices. Deputy Prime Minister Ale
UAE's exit from OPEC reduces group's crude oil production share The UAE's departure from OPEC, effective May 1, reduces the group's share of crude oil production and capacity. The UAE was the third-largest crude oil producer in OPEC, with an average production of 3
IOC’s tender for three crude and gas tankers received no bids as shipowners remain wary of Strait of Hormuz disruptions. Indian Oil Corporation (IOC) received no bids for a tender to charter three tankers to transport crude and gas through the Strait of Hormuz. The state-o
By Anushree Mukherjee and Seher Dareen BENGALURU/LONDON June 23 Oil prices fell on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks. Brent crude futures were
Oil prices trim losses as geopolitical risks from Iran’s nuclear program negotiations keep markets volatile. West Texas Intermediate crude oil prices rebounded toward $73.50 per barrel after earlier declines, trading at $73.40 during Tuesday’s European session. The recover
Brent prices decline as US-Iran tensions ease Easing US-Iran tensions have pushed Brent prices below USD80 per barrel. The decline in prices is attributed to markets pricing a high probability of normalised Strait of Hormuz flows. Despite the decline, ongoi
Diplomatic progress between Iran and the US weighs on crude prices after a 60-day license allows Iran to sell oil internationally. Oil prices fell as diplomatic talks between the US and Iran advanced, with Brent crude dropping to USD 77.90. The decline follows a 60-day US
WTI slumps below $73.00 as traders continue to watch US-Iran peace talks West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.75 during the early European trading hours on Tuesday. The WTI price falls to the lowest level since early March as tra