Oil prices

Oil prices fall as supply outlook offsets disruptions in Venezuelan flows

[DENVER] Oil prices slid on Monday as investors balanced disruptions linked to escalating US-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal.

Global benchmark Brent is on pace for a third year of declines, as expectations that worldwide supplies will exceed consumption outweigh geopolitical concerns.

Middle East oil market weakens as glut concerns gain traction

The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026

WTI prices fell a further 2% last Monday after Iraq restored production at one of its oilfields, which accounts for 0.5% of global oil supply.

Bearish outlook persists for WTI

WEST Texas Intermediate (WTI) crude oil prices have remained weak this year, down 18 per cent year-to-date at the time of writing.

The US is preparing to intercept more ships transporting Venezuelan oil after the seizure of a tanker this week, six sources close to the matter say on Thursday.

Oil posts weekly loss on oversupply concerns

IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year

Brent crude futures settled at US$61.28 a barrel, down 93 cents or 1.49 per cent on Thursday.

Oil retreats as investors’ focus on Ukraine, US fuel supplies

[HOUSTON] Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel inventories.

Brent crude futures rose 27 cents, or 0.4 per cent, to settle at US$62.21 a barrel on Wednesday.

Oil settles higher after US seizes tanker off Venezuela’s coast

[NEW YORK] Oil prices settled higher on Wednesday after officials said the US seized an oil tanker off the coast of Venezuela, adding to concerns about immediate supplies.

Peace between Ukraine and Russia could lead to the removal of international sanctions on Russian companies and free up restricted oil supply.

Oil settles down 1%, focus on Russia-Ukraine peace talks, Fed

[NEW YORK] Oil prices edged lower on Tuesday after falling 2 per cent in the previous session, with investors keeping a close eye on peace talks to end Russia’s war in Ukraine, concerns about ample su...

The widening supply-demand imbalance has kept Brent largely anchored in a broad consolidation of US$60 to US$73 per barrel in the second half of 2025, despite frequent headlines that would normally lift prices more decisively.

Oil prices searching for a catalyst

Oil prices have entered the final stretch of 2025 locked in a tug-of-war between persistent oversupply and occasional flares of geopolitical support, leaving the market largely range-bound over the pa...