Guide · · 7 min read
#OilPrices
Oil prices: Brent, WTI and the forces behind them
Brent and WTI prices, forecasts, benchmarks and physical premiums.
Oil prices are set every trading day on futures exchanges and in the physical market, where cargoes are priced against benchmarks such as Dated Brent, WTI and Dubai/Oman. In 2026 the gap between physical and futures prices widened sharply as Gulf supply was disrupted.
Here we collect our analysis of where prices are heading, how benchmarks work and what moves them, together with the latest headlines and live indicators.
17 articles · 10 recent headlines
Analysis
Articles on this topic
Analysis · · 7 min read
How Iranian Oil Supply Moves Global Prices: Scenarios for 2027
Analysis · · 7 min read
Dated Brent vs Brent Futures — Why Physical Crude Costs More in 2026
Analysis · · 6 min read
Brent Price Forecast 2027 — What the EIA, IEA and Major Banks Expect
Guide · · 7 min read
How Is Crude Oil Priced? Formula Pricing and OSPs in Physical Contracts
Analysis · · 6 min read
Iran in OPEC: Quotas, Exemptions and Its Role in OPEC+ Decisions
Analysis · · 7 min read
Iran’s Oil Production and Exports in 2026: Volumes, Capacity and Trends
Analysis · · 6 min read
The 2026 Oil Market — Supply Shock, OPEC+ Policy and the Path of Brent
Analysis · · 7 min read
Who Buys Iranian Oil? Iran’s Crude Customers and Trade Flows Explained
Analysis · · 7 min read
How Sanctions Shape Iran’s Oil Sales and the Global Oil Market
Analysis · · 7 min read
Iran’s Oil Fields and Reserves: Ahvaz, Gachsaran, Marun and the Outlook
Analysis · · 7 min read
China’s Energy Security 2026: Oil Stockpiles, Imports and Diversification
Analysis · · 6 min read
Strategic Oil Reserves in 2026 — What Is Left in the World's Buffers
Analysis · · 6 min read
OPEC+ Spare Capacity in 2027 — Quotas, Shut-ins and the November Meetings
Analysis · · 7 min read
Diesel Prices in 2026 — Inside the Middle-Distillate Squeeze
Analysis · · 6 min read
India's Crude Imports in 2026 — Why Refiners Are Turning Back to the Gulf
Guide · · 6 min read
How to Verify a Crude Oil Seller — KYC Checklist for Physical Oil Trades
News
Latest headlines
From our daily brief and the energy wire. Headlines are in English and link to the original reports.
- UK mulls scrapping largest untapped oilfield as Brent tops $100
- China pushes domestic production as Iranian supply dries up
- Oil retreats from six-month high as officials convene in Tehran
- IEA's Birol: energy prices unlikely to return to pre-war levels in 2027
- Saudi crude output rises 12.2% to 8 million b/d in September
- Indian refiners turn to Gulf crude; BPCL to cut Russian purchases
- India Rejects Claims of U.S. Pressure Over Russian Oil Purchases (opens in a new tab)
- India’s Oil Buyers Squeezed by $123 Crude and Weak Rupee (opens in a new tab)
- Aramco Closes In on $10B Loan (opens in a new tab)
- Oil Prices Drop Despite Threat of New U.S. Strikes on Iran (opens in a new tab)
Trending topics
Explore other topics
- #WeeklyOutlookEvery Friday: Brent and WTI forecast for next week. Every Saturday: the energy week in Europe, the US, China and the Middle East.
- #IranOilIran’s oil and gas output, export flows, customers, sanctions and its weight in world energy markets.
- #ChinaEnergyChina’s oil and gas imports, stockpiles, refining, overseas investment and the energy transition.
- #OPECPlusProduction decisions, quotas, compensation cuts and spare capacity.
- #HormuzTanker traffic, security and bypass routes for Gulf oil and gas.
- #ShippingTanker rates, routes, war-risk insurance and vessel checks.
- #DieselMiddle-distillate supply, crack spreads and refinery runs.
- #EuropeGasHow Europe replaces lost gas supply: LNG imports, storage, demand cuts and new suppliers.
- #UreaUrea supply and prices, the 2026 fertiliser shortage and what it means for crops and food.
- #HeliumWhy helium is scarce, who produces it, who depends on it and how the 2026 disruption changed the market.
- #LNGGas supply, hub prices, LPG flows and the link to fertiliser.
- #SanctionsSanctions regimes, price caps, vessel screening and compliance.
- #TurkiyeCeyhan, the Turkish Straits, pipelines and Türkiye’s role in energy trade.
- #OilTradingPractical guides on benchmarks, pricing, Incoterms, payment and fraud.
- #OilScamsFake tank storage, TTT offers, forged documents and look-alike companies: how the scams work and how to check a deal.
- #EnergySecurityStrategic reserves, inventories, investment and new supply.
Questions about the market?
Talk to us about how these developments affect your cargoes and contracts.