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MercoPress, en Español

Montevideo, November 1st 2026 - 14:46 UTC

Tag: oil price

  • Wednesday, October 28th 2026 - 03:30 UTC

    Latin America’s energy inflation reaches its highest level in a year

    The study, based on data from the statistics institutes and central banks of member countries, shows energy inflation exceeded the previous high for the period, 8.03% in June

    Annual energy inflation in Latin America and the Caribbean accelerated to 8.33% in August, its highest level in twelve months, and pressure on fuel prices continued in September and October, when diesel prices matched petrol for the first time, according to a report by the Latin American Energy Organization (OLADE) published by the Energy Report website.

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  • Saturday, October 17th 2026 - 06:17 UTC

    Brent touches US$110 for the first time since May on Middle East tensions

    Attacks around Hormuz have intensified over the past ten days, with Iran saying it is responding to the US blockade of its ports and tougher sanctions imposed last month

    Brent crude reached US$110 a barrel on Friday for the first time since May, driven by fears that escalation in the Middle East could further tighten supplies and by doubts over how much diesel Russia can supply to the market. Brent settled 3.7% higher at US$109.86, its highest since May 19, while US benchmark WTI rose 3.5% to US$101.41.

  • Wednesday, September 9th 2026 - 08:51 UTC

    Brent climbs back above US$100 to its highest level since late July

    The market is also operating on thin margins

    Brent crude for November delivery rose above US$100 a barrel on Wednesday for the first time since late July, in a session shaped by escalating attacks between the United States and Iran and by fears of further supply disruptions in the Middle East.

  • Monday, June 15th 2026 - 21:50 UTC

    Brazilian stocks slip as the US-Iran deal sinks oil prices and hits Petrobras

    The shares that lost the most value were those of the private oil firms Prio (-6.9%) and Petroreconcavo (-6.5%), also affected by the fall in crude

    São Paulo's stock exchange closed on Monday down 0.42%, dragged by the plunge of the state oil company Petrobras after the international crude price fell, linked to the preliminary agreement between the United States and Iran. The Ibovespa, the benchmark index of Latin America's main exchange, ended the session at 170,415 points.

  • Friday, May 1st 2026 - 07:44 UTC

    Brent touches $126 amid US military plan for 'short and powerful' strikes on Iran

    The International Energy Agency described the situation as “the largest supply disruption ever recorded.”

    Brent crude touched $126.41 a barrel on Thursday, its highest level since Russia's invasion of Ukraine in 2022, after Axios reported that the US Central Command (CENTCOM) was preparing a military plan contemplating a wave of “short and powerful” strikes on Iranian infrastructure to force Tehran back to the negotiating table. The price subsequently moderated to close near $114, a decline partly attributed to the expiration of the June futures contract, but the European benchmark has gained more than 60% since the start of the war against Iran on February 28.

  • Friday, April 24th 2026 - 19:40 UTC

    Hormuz closure keeps Brent above $105 with outlook uncertain

    Brent crude closed on Friday at $105.33 a barrel, accumulating a gain of nearly ten dollars from the start of the week, in a market dominated by uncertainty over the US-Iran conflict and the prolonged closure of the Strait of Hormuz. The European benchmark crude touched $107.40 on Thursday — its weekly peak — before moderating its advance.

  • Thursday, April 23rd 2026 - 03:25 UTC

    European airlines cut flights and raise fares as Iran conflict fuels jet fuel crisis

    Lufthansa said the cuts would save approximately 40,000 metric tons of fuel. Reductions target routes operated from Frankfurt and Munich

    Lufthansa Group announced on Tuesday the cancellation of 20,000 short-haul flights from its summer schedule through October, the most significant measure taken so far by a European airline in response to soaring jet fuel prices driven by the conflict in Iran. The decision is part of a broader trend reshaping European aviation ahead of the peak travel season.

  • Monday, April 13th 2026 - 21:52 UTC

    Tankers turn back at Hormuz as crude jumps over 4% on US blockade

    The Malawi-flagged tanker Rich Starry, 188 meters in length, turned around “within minutes of approaching the strait,” MarineTraffic reported

    Two oil tankers reversed course as they approached the Strait of Hormuz on Monday, just hours after the US naval blockade against Iranian ports took effect, according to maritime tracking platform MarineTraffic. Brent crude for June delivery closed up 4.4% at $99.36 per barrel, while US benchmark WTI rose 2.6% to $99.08, according to Bloomberg.

  • Wednesday, April 1st 2026 - 10:12 UTC

    Trump running out of options in Iran, a US victory is possible?

    The US Navy is not crazy enough to send its big ships into the Persian Gulf, so the troops will have to be redistributed into other, smaller forms of sea and air transport.

    By Gwynne Dyer - The Iranians know they have won, but President Trump doesn’t get it yet. He’s still at the stage of counting up the US and Israeli air-strikes and assuming that those numbers mean a US victory is possible. But five gets you ten that the Iranians are already thinking about nuclear weapons. Not their own, which don’t exist. America’s.

  • Wednesday, April 1st 2026 - 09:01 UTC

    Another front for Trump, “pain in the pump”, gasoline above US$ 4 a gallon

    The US$4.02 average price a gallon in US is the highest since August 2022. And the average price for diesel is now US$ 5.45, according to AAA

    ”If the (Iran) conflict is contained soon, the hit to confidence may be temporary, but a prolonged crisis could prompt more precautionary saving and further discretionary spending cuts,” warned Moody’s in a report on the current war in the Middle East, and the impact for US households.

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