| Products | Diesel | Aviation Kerosene | Kerosene | Gasoline | 180CST | 380CST | Naphtha | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| $/bbl | $/bbl | $/bbl | $/bbl | $/bbl | $/bbl | $/bbl | |||||
| FOB sulfur 0.001% |
C&F sulfur 0.2% |
FOB sulfur 0.05% |
FOB | C&F | FOB | FOB 95R |
FOB 92R |
FOB sulfur 3.5% |
FOB sulfur 3.5% |
FOB | |
| Avg | 86.79 | 86.50 | 85.08 | 82.70 | 79.94 | 63.45 | 61.48 | 63.01 | |||
International oil prices rise on the 22nd
- Brent closed at U$67.73/bbl, up U$0.06/bbl from the previous day.
- WTI closed at U$63.66/bbl, up U$0.14/bbl from the previous day.
- Dubai closed at U$69.92/bbl, up U$0.25/bbl from the previous day.
- Brent closed at U$67.73/bbl, up U$0.06/bbl from the previous day.
- WTI closed at U$63.66/bbl, up U$0.14/bbl from the previous day.
- Dubai closed at U$69.92/bbl, up U$0.25/bbl from the previous day.
nternational Oil Price Update: Rising Trends Amid Supply Disruptions and Monetary Policy Outlook
Date: August 22, 2025
Oil Price Movements
Global oil prices finished higher on Friday, August 22, 2025. Brent crude futures ended the day at US$67.73 per barrel, marking a modest increase of US$0.06 from the previous session. The benchmark continues to reflect ongoing market volatility and external pressures. West Texas Intermediate (WTI) crude settled at US$63.66 per barrel, up US$0.14 from the prior day, while Dubai crude traded at US$69.92 per barrel, a sharp US$0.25 rise.
Key Market Drivers
The upward momentum in global oil prices was fueled by a confluence of factors:
U.S. Monetary Policy Outlook: Federal Reserve Chair Jerome Powell, speaking at the Jackson Hole symposium, hinted at the possibility of a September rate cut, raising expectations for supportive monetary policy and increased economic stimulus. Market participants interpreted these remarks as bullish for energy demand.
Stalled Peace Negotiations: Ongoing stalemates in Russia–U.S. peace talks continue to inject geopolitical risk into the market, limiting the potential for a resolution to the Russia-Ukraine conflict and its associated disruptions.
Decline in U.S. Drilling Activity: The number of active U.S. oil drilling rigs fell to 411 as of August 22, a decrease of one from the previous week and a 15% year-over-year drop (down from 483 a year earlier), according to Baker Hughes. This signals a cautious approach by producers amid uncertainty over future demand and policy.
Supply Disruptions: Recent attacks on the Druzhba oil pipeline—a critical conduit for Russian crude into Slovakia and Hungary—have led to a suspension of supplies since August 21. Analysts expect supply disruptions to persist for at least five days, further tightening global oil flows and supporting higher prices.
Market Perspective
Traders remain watchful as Fed policy signals, geopolitical tensions, and supply-side shocks continue to shape the near-term outlook for international oil markets. The combination of reduced drilling activity in the U.S. and export disruptions in Europe has created a supportive environment for oil prices, even as macroeconomic headwinds linger.
Looking Ahead
If the Fed moves to cut rates in September, and if the Druzhba pipeline outage extends, oil markets could see further price volatility. Market participants will closely monitor further Fed communications, developments in Eastern Europe, and weekly rig count updates for cues on future supply-demand dynamics.
Fed’s September rate decision
Further developments on the Druzhba pipeline
U.S. oil drill rig count updates
Russia–U.S. diplomatic progress
Oil markets remain sensitive to both macroeconomic policy and geopolitical risk, and further updates from these fronts will dictate short-term.
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