News about Oil
The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect tomorrow, April 3.
Societe Generale sees a real risk of Brent oil prices soaring to the $150 per barrel range, as ship traffic through the Strait of Hormuz is not likely to be restored until mid-April at the earliest. At the same time, oil prices may go significantly higher if the Bab-el-Mandeb Strait is closed as well.
US President Donald Trump has said he wants to “seize oil in Iran” modeled on a scenario in Venezuela.
The price of diesel fuel, which will be applied over the weekend, increased by more than 1 leu and exceeded 32 lei per liter.
The US President said that he is extending for 10 days the ultimatum for Iran to reopen the Strait of Hormuz. It is reported that the decision was made in response to Tehran’s request.
Iran’s oil exports have not collapsed since the outbreak of war, and oil prices have risen significantly. In addition, the country remains the only Middle Eastern producer of black gold whose tankers pass through the Strait of Hormuz unimpeded.
In 2025, the United States was the world’s largest producer of crude oil and condensate, producing 13.58 million barrels per day (mb/d), well ahead of Russia (9.87 mb/d) and Saudi Arabia (9.51 mb/d). Together, these three countries were responsible for 39% of global crude oil production in 2025.
The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect tomorrow, March 27.
The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be in effect tomorrow, March 26.
The European Commission (EC) has postponed the presentation of a plan to ban Russian oil imports to the EU. The issue was to be discussed at the European Commission meeting on April 15.
Global markets are at the center of a new scandalous episode raising questions about possible insider trading. Major oil market deals were struck just 15 minutes before Donald Trump’s announcement of “productive talks” with Iran.
Japan will release oil from the state reserve on March 26, such a decision was made at a meeting of line ministers headed by Prime Minister Takaichi on stabilizing oil supplies in connection with the crisis in the Middle East, Kyodo news agency reported.
Following Trump’s ultimatum, Iran said that along with military bases, U.S.-affiliated financial institutions holding U.S. government bonds would be targeted.
Ships that are not linked to “Iran’s enemies” can pass through the Strait of Hormuz with the agreement of security measures with Tehran. This was stated by the representative of the Islamic Republic to the International Maritime Organization Ali Mousavi, Reuters reports.
The Euro showed surprising stability last week, contrary to the broader change in sentiment over the energy crisis and was the target of a sell-off within a basket of G10 currencies.
Russian oil company Lukoil has completely devalued its investments in foreign assets amid US sanctions.
The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect from March 21 to 23.
The steady increase in prices for oil products continues in Moldova.
At the opening of the session, oil was trading around $110 per barrel. As of 5:55 Moscow time, the cost of May futures for Brent increased by 4.5% to $112.26 per barrel. In general, oil rose in price by about 11% during the week, and for the month the growth exceeded 50%.
Asian countries are seen as major buyers of Russian oil as exports are being redirected and supplies cut through familiar routes. CNBC reports that countries are lining up for resources from Russia.
