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8 July 06:55

Oil prices rose by more than 1% on strong demand, offsetting higher OPEC+ production and uncertainty over US tariffs.

Raluca Ioana Draghici

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Economy

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Oil prices were up more than 1% on Monday, with Brent crude reaching $69.16 a barrel and WTI at $67.39, supported by strong market demand. OPEC+ announced a 548,000 barrels/day production increase for August, but actual growth remains modest. Trade and geopolitical tensions, including new tariffs announced by the US and attacks in Yemen, continue to affect the oil market.

Sources

Preţurile petrolului au crescut luni cu peste 1%, pe fondul unei cereri puternice, în pofida unei producții mai mari a OPEC+

Financial Intelligence

Preţurile petrolului au crescut luni cu peste 1%, pe fondul unei cereri puternice, în pofida creşterii producţiei OPEC+ şi a incertitudinilor comerciale

Preţurile petrolului au crescut luni cu peste 1%, pe fondul unei cereri puternice, în pofida creşterii producţiei OPEC+ şi a incertitudinilor comerciale

ȘTIRI PE ACELEAȘI SUBIECTE

Economy

Oil prices fell by approximately 2%, amid American sanctions against Russian companies and the possible increase in OPEC+ production.

Economy

Oil prices have risen by 5% after the sanctions imposed by the USA against the Russian energy giants, Rosneft and Lukoil, in response to the war in Ukraine.

Economy

Oil prices have risen significantly after the US imposed sanctions on the Russian companies Rosneft and Lukoil due to the war in Ukraine.

Economy

Eight member states of the OPEC+ alliance have agreed to increase oil production in December by 137,000 barrels per day, while planning to suspend further increases in 2026.

Economy

Fuel prices in Romania could continue to rise due to the possible closure of the Lukoil refinery, which supplies 20% of the market, following the sanctions imposed by the USA. Diesel has exceeded the threshold of 8 lei.

Current Affairs

Fuel prices continue to rise: three price increases at the pump in the last week

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