All news on the topic: Brent

On May 1, the United Arab Emirates formally exited OPEC without prior notice to its partners, a move widely seen as the culmination of years of friction with Saudi Arabia over production quotas and regional policy.

Donald Trump said he has instructed US envoys not to go to Pakistan for further talks with Iran, shortly after Tehran’s top diplomat left Islamabad late on Saturday.

For half a century, the Middle East’s petro-monarchies have portrayed themselves as reliable providers of low-cost oil, but the third Gulf war, now in its fifth week, has shattered that image.

Oil price increase likely to add 5p to petrol and diesel over the next couple of months, expert says

Since the start of its full-scale invasion of Ukraine, Russia has run a budget deficit, and a draft of the 2025 edition anticipates a shortfall of 1.1 trillion rubles (approximately $11 billion, or 0.5% of GDP).

In March 2024, Russia again became the largest supplier of oil to China and India, according to a recent OPEC report.