Saudi Aramco has lowered the price of its Arab Light crude oil for Asian shipments in November, offering a $5 per barrel discount – the lowest in six years – in an attempt to gain a stronger market share.

Bualuang Securities has revised its 69 Brent crude oil price forecast upwards to US$94 per barrel from the previous US$85, citing continued supply risks from the Middle East supporting a Q4 69 price range of US$90-100. The firm also increased its PTT profit forecast by 9% to 1.49 billion baht and its PTTEP profit forecast…

Crude oil prices surged on Thursday following reports that the United States was sending a third aircraft carrier strike group to the Middle East, amid increased fuel supply risks and heightened regional tensions.

Global oil prices surged after Trump rejected reports suggesting he would ease sanctions on Iran in exchange for progress on its nuclear program, pushing Brent crude to $103.30 per barrel.

Global crude oil prices fell sharply, with Brent crude dropping more than 2% to $101.71 per barrel, while WTI fell below $100 to $98.15.

Chinese crude oil prices surged to a record high of 929.4 yuan per barrel after a Saudi Arabian pipeline shut down, as Chinese refineries aggressively purchased oil at premium prices.

Trump urged Zelenskyy to end attacks on Russian oil refineries, arguing that it exacerbates the diesel shortage after the average US diesel price soared to a record high of $6.06 per gallon.

Crude oil prices surged on Sunday after Saudi Arabia shut down a key pipeline that bypasses the Strait of Hormuz, amid ongoing tensions and attacks in the region.

Global oil prices surged more than 6% following attacks on oil tankers and escalating tensions in the Middle East. Brent crude closed at $107.63 per barrel, while WTI reached $102.48, its highest level since May.

Oil prices continued to rise on Thursday as the United States destroyed five Iranian crude oil tankers amid concerns that escalating tensions in the Middle East could further worsen supply disruptions.