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Jun 2026
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Reuters: daily oil production from the United Arab Emirates down over 50%

Oil production in the UAE has fallen dramatically following the escalation of the conflict with Iran and the disruption of commercial shipping in the Strait of Hormuz

Over 400 million barrels of oil reserves released to the market by the International Energy Agency

Governments of IEA countries have pledged to make available 271.7 million barrels of oil from government reserves, 116.6 million barrels from industry's mandatory stocks and 23.6 million barrels from other sources

Oil: Brent holds $100 as Iran conflict enters third week

Energy markets remain tense, with oil holding above $100 as the conflict between the US, Israel and Iran escalates and navigation in the Strait of Hormuz remains restricted

UBS: The good, the bad and the “ugly” scenario for oil and natural gas

Oil remains the most immediate indicator of geopolitical risk – Brent crude oil could range from $80 to $150 across UBS scenarios, while European gas could move between €50 and €80

Fuel price rally: Unleaded could reach €2 per liter by the end of the week if Brent’s surge continues

Increases of up to €0.40 for gasoline and €0.60 for diesel – Energy costs are at the forefront of the Eurogroup meeting

Oil: Explosive weekly surge of 35% in US crude and 28% in Brent amid crisis in the Strait of Hormuz

The escalation of the US–Iran war sent oil prices soaring, with WTI recording its biggest weekly rise since 1983 and Brent its largest since 2020

The Iran crisis and how this could affect Greece: Two scenarios for fuel prices and its effect on electricity bills

Gasoline prices could rise by 2–3 cents per liter by Wednesday, while the duration of the crisis will prove critical for natural gas costs and electricity tariffs

Agreement signed between Ankara and Chevron: Joint oil and gas exploration to begin

The agreement between Chevron and the state-owned Turkish Petroleum foresees collaboration in onshore and offshore exploration and production activities – Chevron also announced agreements with Syria and Qatar for Eastern Mediterranean exploration

Stabilisation, recovery & transition: The three stages of the US plan for Venezuela

As Marco Rubio stressed, the oil revenues will be under US control and will be distributed in a way that, according to him, will benefit the Venezuelan people.

Oil prices fall by 1% after the US attack on Venezuela

As the world market is considered to be sufficiently supplied, possible disruptions to Venezuelan production are expected to be limited

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