Oil Markets

Benchmark pricing, forward curves and market structure.

An oil tanker at sea, potentially carrying crude oil or refined products.

Russia Seeks Oil Imports Amid Refinery Challenges

Russia, a significant crude oil producer, is reportedly seeking oil imports and processing agreements following challenges to its refineries, according to The Guardian.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil tanker navigating through a narrow strait, symbolizing the Strait of Hormuz

Crude Oil Prices Decline Amid Hormuz Reopening Discussions

Crude oil prices experienced a fourth consecutive day of decline following news of Qatar's Prime Minister's visit to Tehran to discuss the potential reopening of the Strait of Hormuz.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil tankers at sea, symbolizing global oil supply and transportation challenges.

Global Oil Security Weakens Amid Conflicts Affecting Supply

Global oil supply security appears increasingly uncertain as conflicts impact a significant portion of the world's crude production, raising concerns about long-term availability and diversification limits.

27 Aug 2026 · GCP Newsroom · 2 min read

Offshore oil rig operating at sea, symbolizing CNOOC's production efforts.

CNOOC Achieves Record First-Half Profit and Production

CNOOC reported a significant increase in its first-half net profit and production, benefiting from elevated crude prices and increased domestic oil and gas output.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil tanker navigating through a strait

Asian Crude Oil Imports Remain Stable, Challenging Transit Surge Claims

Asian crude oil imports are projected to maintain levels similar to July, with commodity analysts indicating no significant increase in tanker transits through the Strait of Hormuz, contrary to some claims.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil barrels and a graph showing declining prices, representing market movements.

Oil Prices Decline Amid Hopes for Mideast Diplomatic Breakthrough

Oil prices continued their decline for a fourth consecutive session on Thursday, as market participants anticipated that diplomatic efforts in the Middle East could alleviate regional supply constraints.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil tanker navigating through the Strait of Hormuz

Kuwait and Qatar Oil Cargoes Boost Hormuz Flows

Oil shipments from Kuwait and Qatar have reportedly recovered to 70 percent of pre-conflict levels, contributing to increased oil flows through the Strait of Hormuz, according to traders.

27 Aug 2026 · GCP Newsroom · 2 min read

Trading screens showing crude oil price movements

Alkagesta CEO Orkhan Rustamov: There Is No 'Normal' for Oil Markets to Return To

Writing in European Business Magazine, Alkagesta chief executive Orkhan Rustamov argues that traders awaiting a return to a stable $50-$80 Brent baseline are waiting for a market that no longer exists.

6 Aug 2026 · GCP Newsroom · 2 min read