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02
Nov 2026
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Oil prices plunge to $110 as diplomatic efforts over Iran gather pace

Investors weigh diplomatic efforts to de-escalate the Middle East conflict, while OPEC+ keeps production targets unchanged through December

Europe releases 42 million barrels of oil to curb prices, with diesel in focus

Strategic reserves will be released on a large scale over the next three months, while France is moving immediately to supply 10 million barrels of diesel, aiming to cut prices by up to 18 cents per litre

Reuters: Russia to earn more than $11 billion from oil and gas sales in October

Oil and gas tax revenues are expected to more than double this month compared with September, mainly due to quarterly payments of the additional tax

“A brake” on fuel price hikes thanks to a subsidy in October; new decisions will be made depending on prices

What changes at the pump and when – How support will be determined and what is planned for heating oil

Oil: 4% Jump after five losing sessions – Pezeshkian’s message that turned the tide

With markets keeping a close eye on developments between the U.S. and Iran, oil markets reacted higher, with Brent closing at $103.08 after Pezeshkian’s remarks at the UN

Oil: Brent Below $104, Saudi Arabia Moves to Gradually Restore Critical East-West Pipeline

Second consecutive day of declines for oil, with prices, however, remaining at extremely high levels

Oil: Brent edges lower toward $107 after increase in U.S. inventories

Brent is falling after two sessions of gains, but concerns about supply remain

Energy domino effect ‘inflates’ winter bills for households and businesses, with new defensive measures looming

From heating oil and transport fuels to natural gas and electricity, the crisis in the Middle East is bringing a new wave of price rises to consumers

Oil: Weekly surge of over 8% and above $100 – The Middle East keeps markets on alert

Crude oil prices fell after the rally of recent days, but still posted strong weekly gains as the crisis in the Middle East heightened fears over supply disruptions

Oil surges past $100 as Saudi production falls to 36-year low

The escalation of the war between the US and Iran is reigniting concerns over global supplies. Saudi Arabia informed OPEC that its daily production had fallen by 1.9 million barrels to 6.238 million barrels per day, the lowest level since 1990

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