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Tag Archives: brent

Oil price down below USD 28 per barrel as Iran sanctions are lifted

The oil price has fallen below USD 28 a barrel amid fears the lifting of Western sanctions on Iran could worsen the existing oversupply problem. Brent crude, used as an international benchmark, fell as low as USD 27.67 a barrel, ...

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Russia warplane case: Turkey releases audio of ‘warning’ to downed the SU-24 jet. Tough accusations from Moscow on Ankara’s oil business with ISIS

The Turkish military has released an audio recording of what it says were warnings to a Russian warplane before it was shot down on the Syrian border. “Change your heading south immediately,” a voice apparently says in English. Turkey said ...

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Oil prices hit fresh five-and-a-half-year lows, Brent below USD 56

US crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets, timesofmalta.com reports. OPEC’s decision in November to maintain output had earlier ...

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