World oil prices

4 Mar, 17:16

Price of Brent oil down below $70 per barrel on ICE first since October 2024

WTI oil also dropped by 1.58% to $67.29 per barrel

MOSCOW, March 4. /TASS/. The price of futures contracts of Brent crude oil for May 2025 delivery has dropped below $70 per barrel on London's ICE for the first time since October 1, 2024, according to trading data.

As of 5:57 p.m. Moscow time (2:57 p.m. GMT) the Brent price was down by 2.3% at $69.97 per barrel.

By 6:16 p.m. Moscow time (3:16 p.m. GMT) the price of Brent futures contracts had extended losses to 2.01% reaching $70.18 per barrel. Meanwhile the price of futures contracts of WTI crude oil for April delivery was down by 1.58% at $67.29 per barrel.

Meanwhile the price of gold futures contracts for April 2025 delivery was up by 0.69% at $2,921 per troy ounce on the Comex exchange (a division of the New York Mercantile Exchange), according to trading data.

The price of Bitcoin has decreased, according to Binance platform data. Earlier in the morning the price of the cryptocurrency was down at $83,582. By 6:16 p.m. Moscow time (3:16 p.m. GMT) Bitcoin had extended losses to $82,557.

Tags

Thai deputy PM to visit US for talks after 36% duties imposed

"Next week, Deputy Prime Minister Pichai will meet with both US officials and private sector representatives to address these changes," Thai Prime Minister Paetongtarn Shinawatra said

Two days ago, 17:33

Ukrainian elections, necessary for legitimacy of peace agreements, won’t be democratic

Parliamentary and presidential elections are not held in Ukraine due to martial law

Two days ago, 13:08

Top diplomat reveals what could make US reevaluate approach to Ukraine settlement

"President Trump is not going to fall into the trap of endless negotiations about negotiations," Marco Rubio stressed

Two days ago, 08:50

Western Europe hates Trump, develops war strategy for Ukraine — Hungarian PM

Viktor Orban believes that Western European leaders "despise Trump and won’t be disappointed if his efforts fail"

Kremlin takes note of Vance's rebuttal of claims regarding US troops in Ukraine

He earlier said in an interview that the option of sending the US military to Ukraine "remains under consideration" by Washington in case Moscow refuses to resolve the conflict in good faith

Two days ago, 13:28

Russian troops liberate eight communities in Ukraine operation over week

Battlegroup Dnepr units liberated the settlements of Shcherbaki and Lobkovoye in the Zaporozhye Region through active operations

Two days ago, 15:13

Rubio says unaware of proposal to resume flights between US, Russia

On February 27, the Russian delegation proposed to restore direct flights between the two countries at talks with the United States in Istanbul

Yesterday, 20:33

Russian gas supplies may resume in coming years, says German official

Prime minister of Thuringia Mario Voigt also highlighted the need for Berlin to pursue a policy aimed at protecting Germany’s interests

Yesterday, 04:32

Netanyahu plans to meet with Trump in Washington on Monday — portal

According to the Axios portal, the parties will discuss import duties imposed by the US, Iran's nuclear program and the situation in the Gaza Strip

Two days ago, 15:08

Armenian president signs law launching EU accession process

On March 26, Armenian legislators passed the second and final reading of the law on setting the country’s EU accession process into motion

Ukraine deploys contracted soldiers 18-24 y.o. to Liptsy direction

The source also noted that Russian forces had previously eliminated some of the more experienced soldiers from this formation

Two days ago, 12:57

Russia wins industrial war, leaving Europe in the dust, British report shows

Meanwhile, Europe lacked a coherent strategy or understanding regarding its supply chains

Press review: Ukraine gets ready to host foreign troops as US prepares for trade war

Top stories from the Russian press on Wednesday, April 2nd

Yesterday, 19:10

Israeli army conducts raid on former Syrian army headquarters — statement

In addition, Israeli forces "located and confiscated additional weapons, including mortars and dozens of rockets"

Most Moldovans wish to restore strategic partnership with Russia — ex-leader

Igor Dodon highlighted the longstanding ties between the nations, noting their "strong friendship, fruitful cooperation, and shared historical, cultural and spiritual roots"

Two days ago, 19:44

International exchanges falling on Friday

This is the greatest dip of the index during a single trading day over five years, Sky News television said

Helicopter crashes extinguishing wildfire in South Korea

The pilot has died, according to Yonhap

Yesterday, 08:38

OPEC+ Monitoring Committee to discuss oil market situation at online meeting

Оn April 3, eight OPEC+ countries that have committed to voluntarily reducing oil production by 2.2 mln barrels per day starting in 2024 held an online meeting

Russian Air Defense thwarted drone attack in Rostov Region — acting governor

Provisionally, nobody was injured

President of Zimbabwe announces suspension of duties on US goods

The US introduced 18% import duties on goods from Zimbabwe in response to 35% tariffs in Zimbabwe on US imports, as Washington stated

Trump expects $6-7 trillion in investment to come to US after new tariffs take effect

US stocks started the day in the red, with the key indexes falling by 2.9-4.6%

Yesterday, 20:47

Qatar hosts talks between DR Congo's government, M23 rebels — AFP

Further consultations were expected to take place with Qatar’s support

Direct Iran-US talks pointless — foreign minister

"Direct negotiations would be meaningless with a party that constantly threatens to resort to force in violation of the UN Charter and that expresses contradictory positions from its various officials," Iranian Foreign Minister Abbas Araghchi said

Two Emergencies Ministry aircraft deliver over 68 tons of humanitarian aid to Myanmar

Sergey Vorontsov, head of the Russian Emergencies Ministry's composite unit operating, highlighted the critical power situation in Myanmar

Yesterday, 12:22

Ukrainian forces lost over 210 servicemen in Kursk direction — Defense Ministry

According to the Russian Ministry of Defense, during the fighting in the Kursk direction, the enemy lost more than 72,150 servicemen

Brother of Syrian president to lead administration’s work — TV

Maher al-Sharaa was appointed to the position of the secretary general of the presidential service, Syria TV said

Two days ago, 16:30

Nearly half of states attending UNHRC session oppose anti-Russian resolution

The ten-page document uses assessments and narratives typical of the states on Russia's list of unfriendly states

Russia unsurprised by Trump's threats to impose duties on Russian oil — Ryabkov

The minister stated that even during Trump's first term, Russia "noted and remembered" the distinct patterns of US behavior when desired results were not quickly achieved

Two days ago, 17:09

Russian army foils Ukrainian forces’ attempts to restart Nikolayev port — Kherson governor

Vladimir Saldo said that military is currently monitoring not only the territory of the Kherson Region but also the approach routes

Yesterday, 13:26

OPEC+ monitoring committee does not plan to amend existing oil output plan — source

However, discussions at the meeting will center on the compliance level with the oil production cuts agreed upon, the source added

Yesterday, 15:00

Ukrainian strikes on Gorlovka leave four civilians injured

Ukrainian attacks also damaged a healthcare facility in downtown Gorlovka; seven residential compounds and settlements were left without power

Trump expresses confidence that Putin, Zelensky ready for deal on Ukraine

US President said a lot of progress had been made in discussing a settlement in Ukraine

Thai deputy PM to visit US for talks after 36% duties imposed

"Next week, Deputy Prime Minister Pichai will meet with both US officials and private sector representatives to address these changes," Thai Prime Minister Paetongtarn Shinawatra said

Two days ago, 21:35

Ukraine loses up to 85 service members, foreign military officers in strike on Krivoy Rog

The enemy had also lost up to 20 motor vehicle

1.9 mln Palestinians displaced involuntarily due to situation in Gaza — news agency

The recent violation of the ceasefire regime in the Gaza Strip caused the next wave of relocation covering more than 142,000 people, UNRWA added

Yesterday, 14:16

OPEC+ monitoring committee reviews oil production data for January, February

In addition, the committee "valued the additional voluntary production adjustments made by the eight OPEC+ countries, which were announced in April and November 2023 in supporting market stability"

Yesterday, 16:14

Ukrainian drone attack leaves three people injured in Russia’s Belgorod Region

All three have been taken to the hospital

Two days ago, 16:07

Ukrainian attacks on Russian civilians prove peace not on Kiev's radar — MFA

Maria Zakharova emphasized that "by deliberately attacking the Russian border area, the Ukrainian Nazis want to kill as many Russians as possible, intimidate and sow panic among Russians"

6 Jun 2021, 11:04

Russia ready for possible hurdles during Nord Stream 2’s operation — diplomat

Russian President Vladimir Putin announced earlier that the pipelaying operation for the first string of the Nord Stream 2 gas pipeline was successfully completed

Two days ago, 01:54

Russian envoy says Trump administration averted World War III

US President Donald Trump’s administration also made significant progress in resolving the conflict in Ukraine, Kirill Dmitriev said

Two days ago, 14:13

Trump claims China makes mistake following Beijing’s announcement of tariffs on US goods

The Tariff Commission of the State Council announced earlier that Chinese authorities would impose additional tariffs of 34% on all products imported from the United States

Yesterday, 14:29

Death toll from Myanmar earthquake rises to 3,455 — agency

According to the news agency, 4,840 people were injured and 214 are missing

Xi Jinping is winner in trade war with Donald Trump — WSJ

China responded to the recent increase of US duties by announcing the 34% tariff on the US goods, starting from the next week

Two days ago, 20:25

Russian representatives discuss Kiev’s attacks on journalists at meeting with UN chief

Moscow’s First Deputy Permanent Representative to the UN Dmitry Polyansky noted that the Secretary General "listened very carefully to the information"

Yesterday, 03:36

Battlegroup West destroys over 230 Ukrainian military personnel in one day

In addition, during the counter-battery battle, five artillery pieces, including Western-made ones, and eight mortar crews of the Ukrainian armed forces were destroyed

1 Dec 2021, 19:01

Nuclear weapons deployment in Eastern Europe violates NATO commitments — Russian envoy

According to Mikhail Ulyanov, this fact directly envisages a ban on the deployment of substantial nuclear forces on the territory of NATO’s new members

Two days ago, 07:28

IN BRIEF: What we know about last night’s Ukrainian drone strikes on Russian regions

Air defense forces on duty intercepted and eliminated 107 Ukrainian fixed-wing unmanned aerial vehicles (UAVs) over 10 Russian regions, according to the Defense Ministry

Two days ago, 22:22

Houthis say they carried out a drone strike on a ‘military target’ near Tel Aviv

Yemeni Armed Forces Conduct Operation in Jaffa Area

Poland completes installation of e-dams on rivers along Belarus border

The electronic barrier constitutes a system of video surveillance and motion sensors

Yesterday, 04:53

Venezuela will overcome difficulties of global trade war declared by the US — Maduro

He believes that Trump has taken tariff and tax measures against countries that could "deprive humanity and Venezuela of the right to the future"

Gutsul’s defense counsel accuses Moldovan special service of gross interference in process

The defense believes that charges voiced in mass media by Moldovan government and law enforcement representatives that Gutsul allegedly took money from a criminal group, are unjustified

Yesterday, 21:21

Lawmakers of Russia, Argentina discuss visit to Moscow — Ambassador

Interaction between parliaments of the two countries has become much more active lately, Dmitry Feoktistov said

EU is 'sinking ship' — Russian Foreign Ministry

Maria Zakharova cited US President Donald Trump's recently announced tariffs as further evidence that the EU's previously projected GDP growth targets would miss their mark

Two days ago, 21:48

Russia shoots down Ukrainian Baba Yaga UAV in Kherson Region

During the inspection, sappers found 36 self-made pressure mines in one of the two compartments, each of which was carefully camouflaged with dry grass

Two days ago, 16:15

Dmitriev's visit to US shows no venom in Trump's harsh Russia talk — expert

Sergey Oznobishchev commented on Donald Trump's recent sharp remarks, particularly the US leader's assertion that Moscow's statements regarding the Ukrainian settlement were not constructive

Two days ago, 20:48

Analyst describes US idea of dividing Russia, China as ‘deeply flawed’

The Washington Post columnist also believes that hopes of rapprochement with Russia and Russia drifting away from China "might be illusory"

Yesterday, 18:29

Hamas releases video showing two men said to be Israeli hostages

The men in the video did not introduce himself but the Israeli news website Ynet insists that one of them is Maxim Kharkin, a native of Donbass

Two days ago, 12:20

China’s Ministry of Commerce adds 16 US companies to export control list

Trade with the listed companies is prohibited without obtaining special authorization from the Chinese government

Yesterday, 20:04

French president, British PM discuss US tariffs, situation in Ukraine

According to the French president, the parties also discussed support for Ukraine

Two days ago, 20:51

US stock indexes nosedive as China strikes back with tariffs

The Wall Street Journal writes that over the past two days, since the introduction by US President Donald Trump of new customs duties, the American stock market has lost $6.4 trillion

Yesterday, 12:26

Ukrainian Forces’ losses in Russia’s South battlegroup zone reach 300 servicemen, 4 tanks

The losses of the Ukrainian Armed Forces in Russia’s West battlegroup zone amounted to over 250 servicemen and a tank in 24 hours, the Russian Defense Ministry reported

Europe must make contact with Putin — Stubb

The Finnish president opined that France or UK should be the one to speak to the Russian leader

Yesterday, 03:29

Ovechkin ties Gretzky's all-time NHL goals record

Now Ovechkin and Gretzky have 894 goals each in the regular championships

Yesterday, 10:35

Kiev ready for any provocations to derail Russia-US dialogue — Russian envoy

Kiev regularly uses civilian infrastructure for military purposes and stages provocations to subsequently blame Russia, Ambassador-at-Large of the Russian Foreign Ministry Rodion Miroshnik added

Yesterday, 23:42

Russia’s potential control over Ukrainian resources to be disaster for the West — Politico

At the same time, mineral resources mining in Ukraine as part of the potential deal between Kiev and Washington " will cost billions and could take decades," the news outlet noted

Drone hunting unmanned surface vehicles to be tested in Russia

The aircraft will be launched by hand without using any auxiliary devices

Trump declares state of emergency in the US due to economic situation — White House

As the document notes, "large and persistent annual U.S. goods trade deficits have led to the hollowing out of our manufacturing base; resulted in a lack of incentive to increase advanced domestic manufacturing capacity; undermined critical supply chains; and rendered our defense-industrial base dependent on foreign adversaries"

Yesterday, 21:32

Dozens of thousands of people protesting against Trump’s policy in Washington

The demonstration stretched all over the central boulevard in the US capital from the Capitol Hill to the Lincoln Memorial

Russian army extensively advances in Kupyansk direction — expert

"Though the advances here are quite small, they are observed on a broad section of the front stretching more than 35 kilometers," Andrey Marochko

Yesterday, 17:48

Budapest marks 80th anniversary of Hungary’s liberation from Nazism

The ceremony was initiated by the Hungarian Anti-Fascist League with the participation of other public and political organizations that are part of the Forum for Peace movement

Yesterday, 14:25

Trump’s new tariffs pave way for new world order, says top EU lawmaker

In an interview with the Funke media group, he pointed out that "the Trump administration is bringing fundamental things into question for no reason at all"

Two days ago, 10:18

Russia, US trade relations virtually nonexistent — Kremlin

Dmitry Peskov added that Moscow is unlikely to experience any positive effects from the US tariffs, as the turmoil in the global economy will require careful actions from Russia

Yesterday, 15:37

US Treasury chief blames Zelensky for derailing ‘easiest’ deal on natural resources

The first version of the deal was not signed because of a verbal spat between Vladimir Zelensky and US President Donald Trump at the White House on February 28

Two days ago, 22:34

Macron ready to become Europe’s point man to hold talks with Russia — newspaper

According to the source, the French leader is said to be willing to take up the leadership role "when the time is right"

Two days ago, 10:00

Press review: Putin’s envoy holds talks with Trump's team as experts analyze tariff impact

Top stories from the Russian press on Friday, April 4th

Yesterday, 12:34

Ukrainian forces lost up to 75 servicemen in Russia’s North battlegroup zone

The losses of the Armed Forces of Ukraine in the zone of Russia’s East battlegroup amounted to 140 soldiers per day

Yesterday, 12:27

Ukrainian forces’ losses in Russia’s Center battlegroup zone reach 435 servicemen

Units of the Armed Forces of Ukraine lost up to 65 soldiers in 24 hours as a result of the actions of the Dnepr group of forces, the Russian Defense Ministry reported

Battlegroup West destroyed five Starlink terminals — spokesman

Air defense crews destroyed two HIMARS projectiles and 22 fixed-wing drones

Yesterday, 12:52

Ukrainian forces attack Russian energy facilities 14 times in 24 hours — Defense Ministry

The Russian Defense Ministry added that since Friday morning, Kiev, contrary to all statements and commitments made by Vladimir Zelensky, has increased the number of attacks on Russian energy infrastructure many times over

Yesterday, 20:14

Musk warns of rising threat of terrorism in Europe

Earlier, he warned of the dangers of mass migration, which, in his view, can destroy any country

Two days ago, 13:54

China’s Ministry of Commerce adds eleven US companies to unreliable entities list

Restrictions were introduced "for protection of national sovereignty, security and interests of development"

Russia capable of rapid military personnel expansion — Pentagon

Cavoli is also head of the European Command of the US army

Yesterday, 00:34

Houthis claim they destroyed a reconnaissance drone used by US and Israel

We are talking about the Giant Shark F360 drone

Yesterday, 22:38

Time has come to stop war in Ukraine, Musk says

US businessman said that he has 'no respect for the warmongers'

Two days ago, 03:18

Russian economy doing well amid sanctions, so Moscow doesn’t seek their removal — envoy

If you look at our GDP growth, it’s still 4% last year versus 1% for Europe, Kirill Dmitriev said

Two days ago, 10:16

Russia’s economic growth is currently approaching 'zero' — expert

Alexander Shokhin emphasized that the current issue is finding a balance between rising inflation and the need to avoid overheating the Russian economy

Yesterday, 03:30

Kiev forces lost up to 430 personnel in Battlegroup Center’s zone of responsibility

The Battlegroup Center continues to advance deep into the enemy's defenses and liberated the settlement of Uspenovka of the Donetsk People's Republic

Yesterday, 21:47

New US duties may cost France more than 0.5% of GDP — PM

The dramatic increase of tariffs made by the US President threatens by job cuts

Yesterday, 20:05

Ukrainian attack that killed female civilian in DPR involved Slovakian-made missiles

The attack also involved 122 mm projectiles

American Tater forcibly hospitalized with mental disorder in Moscow

Psychiatrists diagnosed Joseph Tater with mental health

Two days ago, 21:44

Residents of Zaporozhye, Gulyaipole await liberation, Russia conducts targeted attacks

Vladimir Rogov, chairman of the sovereignty, patriotic projects and support for veterans commission of Russia’s Civic Chamber, said, that the Russian Armed Forces are conducting targeted attacks

Yesterday, 20:02

Protesters across US rally against Trump, Musk — TV

CNN points out that some 600,000 people have signed up to attend the events

Europeans set sights on Odessa, Lvov, plotting intervention, says Russian diplomat

Maria Zakharova reiterated that the French-UK initiative on deploying some "reassurance forces" to Ukraine was discussed in Paris on March 27 at yet another European summit of a so-called "coalition of the willing" formed a month ago in order to assemble some "peacekeeping" contingent to be deployed in Ukraine

Yesterday, 17:52

Russian goalkeeper wins France's Ligue 1 football championship as part of PSG FC

PSG’s league title is their fourth in a row and 13th in total

Yesterday, 03:37

Kiev forces lost up to 325 servicemen in area of responsibility of Battlegroup South

As a result of decisive actions, units of the Battlegroup South Forces liberated the settlement of Rozovka

Yesterday, 18:06

Ex-top German diplomat calls for bringing Canada into EU to spite Trump

Canada could be at least partially integrated into the EU, Gabriel told the Weser-Kurier newspaper

Yesterday, 12:27

Russian air defense systems shot down seven JDAM aerial bombs, 208 UAVs

At the same time, Russian military has destroyed the infrastructure of a Ukrainian military airfield, missile, and artillery ammunition depots, the Russian Defense Ministry reported

Tehran purchases Russian Su-35 fighter jets — Iranian general

"Any time that we have the need, we will purchase military equipment for strengthening our Air Force, Army and Navy," Ali Shadmani said

Russian defense ministry claims $136,200 from warships design bureau

The court session is scheduled for May 13

Ukrainian army destroyed, damaged up to 1,000 houses in Zaporozhye Region

According to the head of the Vasilyevsky Municipal District's administration Natalia Romanichenko, residents always say that the most important that they remain alive

Yesterday, 22:42

Houthis claims attack against US carrier group

Strikes against US warships "continued for several hours" and prevented US attacks against Yemen’s regions controlled by the rebels, Houthi military spokesman Yahya Sarea added