Global oil demand will grow longer than expected, says Goldman Sachs

Oil price jumps after attack on major Russian export terminal

The Energy Agency may worsen Russia's oil production forecast for 2026 after details emerge about the application of sanctions and schemes to circumvent them

IEA warns of global risks due to US sanctions against Russian oil

Exxon Mobil Corporation

Chevron Corporation

BP p.l.c.

The cost of Brent crude oil collapsed by almost 4% in trading on November 12 due to the forecast of OPEC, which allowed the possibility of oversupply of raw materials on the market. On the other hand, the International Energy Agency said that demand for oil and gas may continue to grow until 2050 - contrary to past expectations.

The price of Brent crude oil collapsed by almost 4%. OPEC forecast reinforced fears of oversupply

He expects a barrel of Mark Brent to cost $60 in the first half of 2026

Morgan Stanley raises oil price forecast due to OPEC+ pause in production increase

For the first time in his second term, Trump targeted Russia's biggest oil producers with sanctions

"One call will turn everything 180 degrees": what the oil market thinks about US sanctions

A reduction in the intensity of Russia's conflict against Ukraine could send oil prices down to $50 a barrel, Eric Lee, senior commodities strategist at Citigroup, <a href="https://www.bloomberg.com/news/articles/2025-10-17/oil-risks-drop-to-50-on-russia-ukraine-de-escalation-citi-says">said</a> in an interview with Bloomberg.

Oil may fall to $50 if Russia-Ukraine conflict de-escalates - Citigroup

NVIDIA Corporation

Ferrari N.V.

General Motors Company

Gold gained ground above $4,000 an ounce for the first time and silver rose to its highest since 1980 as investors seek refuge in precious metals. Nvidia shares hit an all-time high thanks to the authorization to export chips to the UAE. Tesla and GM unveiled budget versions of their electric cars, Ferrari's financial forecast disappointed investors. Emmanuel Macron reappointed Lecorneuil as France's prime minister late Friday night. About the main events from October 6 to 10 - in our review.

Highlights of the week: gold and silver records, Nvidia rises, Tesla and GM race to the bottom

Contracts for delivery of Mark Brent oil at the auction on October 10 fell by almost 4% - to $62.5 per barrel. Quotes of American oil West Texas Intermediate (WTI) also went down by more than 4% to $58.7 per barrel, which was their lowest since Ma. Both Marks approached one of the lowest price levels since the beginning of the pandemic,<a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-10-10-2025/card/this-is-some-of-the-cheapest-oil-since-the-pandemic-3Ib1AIOdXrLsmNXSu0Oi?mod=lctimeline_finance"> notes</a> The Wall Street Journal.

Oil prices collapsed 4% amid worsening US-China trade relations

Shell plc

The fall in oil prices is also supported by the strengthening of the dollar

Oil got cheaper after Trump's statement on Israel and Hamas. Will the effect last?

A slight increase in oil production will strengthen the already existing oversupply in the market, analysts said

Oil rose nearly 2% after an unexpectedly modest OPEC+ decision. What's next?

China Vanke Co., Ltd.

Analysts at the financial group expect significant surpluses in the remaining months of 2025 and the first quarter of 2026

Oil market to face 'severe glut' and prices below $60 - Macquarie

The cost of oil fell 3% on Monday amid OPEC+ plans to continue increasing production in November and the resumption of exports from Iraqi Kurdistan via Turkey, Reuters writes.