Saudi Arabia cut the price of its main oil grade for buyers in Asia to the lowest in years, a further sign that global supplies are running ahead of demand. State oil producer Saudi Aramco will reduce the price of its Arab Light grade by 30 cents a barrel to parity with the regional benchmark […]
Saudis cut key oil price for Asian buyers Read More »
By Tsvetana Paraskova – Feb 06, 2026, 6:30 AM CST Ahead of the U.S.-Iran nuclear talks on Friday, Tehran signaled that the negotiations will likely be a long process, dashing hopes of a quick and more sustainable de-escalation of tensions in the key oil-producing Middle Eastern regions. Oil prices initially rose early on Friday
Oil Markets Waver as Iran Prepares for Prolonged Nuclear Negotiations Read More »
By Irina Slav – Feb 06, 2026, 1:11 AM CST Crude oil prices were set for their first weekly decline since the start of the year as the risk of a direct military confrontation between the United States and Iran de-escalated. At the time of writing, Brent crude was trading at $68.09 per barrel, and
Oil Prices Set for First Weekly Dip of the Year Read More »
By Alex Kimani – Feb 05, 2026, 7:00 PM CST Oil prices fell sharply as geopolitical risk eased after Iran confirmed upcoming talks with the U.S. in Oman. Despite the pullback, Standard Chartered says oil market sentiment is improving, pointing to a strengthening Brent forward curve, declining U.S. inventories, slowing shale growth, and rising 2026
StanChart: Oil Market Rebalances as Oversupply Fears Fade Into 2026 Read More »
