Why did the Oil Price fall today?

Oil Price fell today mainly because Russia’s Novorossiysk port on the Black Sea resumed crude loadings after last week’s strike related shutdown. The restart eased fears of an immediate shortage of barrels equal to roughly 2 percent of global supply that had been halted after the attack.

What does the Novorossiysk restart mean for Black Sea oil shipments?

With tankers again moored and loading at Novorossiysk, Black Sea oil shipments from Russia look more stable in the near term. That stability matters for buyers in Europe and in the Mediterranean region, who rely on these routes for supply.

How does this affect fuel prices for drivers?

If the Oil Price stays a bit lower after the port restart, it can gradually take some pressure off fuel costs for drivers. However, high refinery margins and outages in Asia, Africa, Europe and the United States mean diesel and gasoline markets are still tight, so changes at the pump may be slow.

Are Middle East tensions still adding a risk premium?

Yes. Iran’s seizure of a tanker near the Strait of Hormuz keeps a layer of risk in the market, because about 20 million barrels per day move through this chokepoint. Even with Novorossiysk back, traders still watch this route closely.

Could other factors move the Oil Price next?

The research cited here focuses on supply, especially Russia exports, sanctions and Middle East tension. Demand from China and India, as well as broader economic trends, will also matter for the next move, but those drivers are less in focus in today’s reports.

Market

Oil Today, Nov 17: Prices Drop as Russia’s Novorossiysk Port Restarts Operations

ByRubaisha November 17, 2025November 17, 2025

Oil Price slipped today after signs that Russia’s key Black Sea port of Novorossiysk has restarted crude loadings, easing the immediate supply shock from last week’s strike. Brent crude futures for January traded around 63.80 dollars a barrel in Asian hours, down about 0.9 percent, while West Texas Intermediate futures were near 59.47 dollars, off about 1 percent, giving back part of Friday’s sharp gains.

Continue Reading on Meyka

This article is available in full on our main platform. Get access to complete analysis, stock insights, and more.

Read Full Article →

Market

Jio Down July 6: Users Report Widespread Service Disruption Across India
ByRubaisha July 7, 2025July 7, 2025

On July 6, millions of Reliance Jio customers in India experienced unknown network problems that caused confusion and challenges. In certain areas, the outage even impacted JioFiber broadband, internet services, and mobile network connectivity. By morning, #JioDown was trending on social media, as frustrated users tried to understand what went wrong. Continue Reading on Meyka…

Read More Jio Down July 6: Users Report Widespread Service Disruption Across India
Market

Breaking Down the $1,702 Stimulus Check: July 2025 Payout Details
ByAyesha Sadeeqa July 28, 2025July 28, 2025

Alaska residents will also be included in the Permanent Fund Dividend program of the state, and they will obtain a payment of $1,702 in July 2025. This payout is not a new federal stimulus check. It comes from Alaska’s oil revenue savings fund, a program that has supported locals for more than four decades. The…

Read More Breaking Down the $1,702 Stimulus Check: July 2025 Payout Details
Market

JSW Cement IPO Listing Gains 4% on NSE: Expert Views on Next Move
ByAyesha Sadeeqa August 14, 2025August 15, 2025

JSW Cement began trading on the stock market with an impressive opening performance. JSW Cement shares debuted on NSE at ₹153.50, beating the IPO price of ₹147 by an immediate gain of 4 per cent; the opening price on BSE was also at ₹153 per share. It’s a big deal for the company, which is…

Read More JSW Cement IPO Listing Gains 4% on NSE: Expert Views on Next Move
Market

Jeff Bezos to Spearhead New $6.2 Billion Artificial Intelligence Startup
ByRubaisha November 17, 2025November 17, 2025

In a major development in the tech world, veteran entrepreneur Jeff Bezos is stepping back into a formal executive role by co-leading an artificial intelligence startup that has already raised approximately $6.2 billion in funding. The new venture, named Project Prometheus, is reputedly focused on applying AI to manufacturing, engineering and advanced technologies. Continue Reading…

Read More Jeff Bezos to Spearhead New $6.2 Billion Artificial Intelligence Startup
Business | Market

Gold Price Rally on Growing Government Shutdown Concerns
ByAyesha Sadeeqa October 1, 2025October 1, 2025

Gold prices have surged to unprecedented levels, reaching a record high of $3,875.32 per ounce on October 1, 2025. This surge is attributed to escalating concerns over a U.S. government shutdown, which has prompted investors to seek safe-haven assets. The shutdown, resulting from a deadlock in Congress over federal funding, has introduced significant economic uncertainty….

Read More Gold Price Rally on Growing Government Shutdown Concerns
Market

Keller Group Shares Dip After Downgrade and Uncertainty Over Guidance
ByRubaisha July 3, 2025July 3, 2025

Keller Group Shares dropped significantly this week, reflecting growing investor concerns after a recent downgrade and uncertainties around the company’s forward guidance. The global geotechnical contractor saw its stock fall by nearly 5 %, raising eyebrows across the market. Continue Reading on Meyka This article is available in full on our main platform. Get access to…

Read More Keller Group Shares Dip After Downgrade and Uncertainty Over Guidance

Continue Reading on Meyka

Similar Posts

Leave a Reply Cancel reply