Historical brent News Stories
Brent Slides 18%: Oversupply, Inventories, Russia
Brent crude closed the year sharply lower—about $61.44/bbl and an 18% annual decline—driven by a supply glut, unexpected U.S. inventory builds, and persistent discounts on Russian crude despite tax relief. Temporary export disruptions from Kazakhstan provided only short-lived support.
Brent Slides: Venezuela Blockade Spurs Volatility!
Brent crude wavered this week as a U.S. blockade on Venezuelan tankers added a geopolitical premium while a rising U.S. rig count and persistent global oversupply kept downward pressure on prices.
Venezuelan Blockade and Russia Truce Hit Brent Oil
Brent crude swung this week as a U.S. blockade of Venezuelan tankers raised supply risk while renewed hopes of a Russia–Ukraine truce eased concerns about sanctioned barrels remaining offstream. Oversupply from rising U.S. output, OPEC+ flows and swelling inventories keep pressure on prices despite episodic geopolitical support. Traders are repositioning amid high volume and falling open interest; fundamentals point to continued volatility into early 2026.
Trafigura Warns: Brent Faces 2026 Super Glut
Brent crude traded around the low $60s this week as a clash of bearish supply signals and episodic geopolitical risk created volatile but directionally weak sentiment. Trafigura's 'super glut' warning, U.S. inventory draws, Ukrainian strikes on Russian oil infrastructure, falling Russian export revenues, and Platts' benchmark decisions combined to shape traders' positioning. This article synthesizes those concrete drivers, their price impacts, and the specific data points investors should monitor in the near term.
Brent Reacts to OPEC+ Hold, Ukraine Ceasefire Hope
Brent crude rose after OPEC+ kept output steady while hopes of a Ukraine ceasefire and rising U.S. inventories pushed prices lower earlier in the week. New OPEC+ quota rules and mixed supply signals create a tug-of-war for near-term traders and long-term investors.
Brent Falls to $62 as India Cuts Russian Imports -
Brent crude slipped to about $62–63 as a wave of demand shifts and record inventory builds pressured prices. India’s sharp reduction of Russian purchases, fresh IEA/EIA inventory data and bearish forecasts from major banks have created a near‑term tug of war between technical short‑covering and structural oversupply.
Brent Slides on Rising U.S. Stocks, Urals Collapse
Brent crude weakened after U.S. crude inventories rose and the Russian Urals grade plunged, even as refining margins held near multi-year highs. Supply builds, floating storage increases, and looming sanctions on Russian producers are creating a volatile mix for Brent pricing and near-term investment positioning.
Brent at $64-65 After OPEC+ Pause Russia Sanctions
Brent crude traded in a tight $64–65 range after OPEC+ delivered a modest output rise and pledged a Q1 2026 pause. U.S. sanctions on Russian oil majors and disruptions to Black Sea flows added supply risk, while weak Asian demand and large U.S. inventory builds capped rallies. Morgan Stanley nudged its H1 2026 Brent forecast higher on tighter effective supply.
OPEC+ Pause, Russia Sanctions Lift Brent Prices Up
Brent crude rose after OPEC+ announced a limited December increase but a Q1 2026 pause, while new Western sanctions on major Russian oil firms and disruptions in the Black Sea tightened refined-product flows. China’s continued strategic stockpiling further supported prices.