{"id":2979,"date":"2026-10-20T09:04:14","date_gmt":"2026-10-20T04:04:14","guid":{"rendered":"https:\/\/ipp-news.com\/?p=2979"},"modified":"2026-10-20T09:04:14","modified_gmt":"2026-10-20T04:04:14","slug":"oil-prices-slip-as-markets-weigh-russia-sanctions-relief-middle-east-risks","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=2979","title":{"rendered":"Oil prices slip as markets weigh Russia sanctions relief, Middle East risks"},"content":{"rendered":"
\n

Oil prices fell on Tuesday as markets \u200bweighed an executive order from US President Donald Trump that waived some sanctions and \u200ctariffs tied to Russian energy exports, while attacks on Saudi Arabia and Yemen kept fears of Middle East supply disruptions in view.<\/strong><\/p>\n

Brent crude futures fell 49 cents, or 0.45%, to $109.06 a barrel. \u200bThe US West Texas Intermediate crude (WTI) contract for November delivery, set to expire on \u200bTuesday, eased 0.33% to $103.32.<\/p>\n

The more-active December contract was down 46 cents, or \u20600.47%, at $98.08.<\/p>\n

Brent rose as high as $110.70 per barrel in the previous session, its highest \u200bsince May 20.<\/p>\n

An executive order<\/a> issued by Trump on Friday night waived key Russia-related US sanctions and \u200btariffs, including duties on the country\u2019s goods and penalties for buying its oil and gas.<\/p>\n

However, Trump said on Saturday he has yet to announce a final decision<\/a> on the matter, while Secretary of State Marco Rubio \u200bsaid officials want more time to evaluate the situation.<\/p>\n

Russia\u2019s crude oil production increased by 65,000 barrels \u200bper day in September to 8.43 million bpd, but remained some 870,000 bpd below a year ago, the International Energy \u200cAgency \u2060said last week.<\/p>\n

\u201cWhile the prospect of additional Russian diesel supply offers some theoretical relief, traders appear far more focused on the ongoing risk of further damage to energy infrastructure across the Gulf region,\u201d Tim Waterer, KCM Trade chief analyst, said.<\/p>\n

Yemen\u2019s Iran-aligned Houthis said on Monday they carried \u200bout several attacks against Saudi \u200benergy, airport and military \u2060targets, including an Aramco site in Yanbu, the Shaybah oilfield, King Khalid International Airport in Riyadh and Abha airport.<\/p>\n

Saudi authorities did not \u200bimmediately confirm the claims, and Reuters could not independently verify them.<\/p>\n

Meanwhile, 58 \u200bpeople were \u2060killed, and more than 200 were injured after an attack<\/a> on Monday by the Houthis on a government security forces training camp in Yemen\u2019s Shabwa province.<\/p>\n

The renewed attacks heightened fears about regional stability and \u2060underscored \u200bcontinuing risks to energy supply from the region, keeping \u200boil prices above $100 a barrel.<\/p>\n

In the US, crude oil stockpiles were expected to have fallen last week along with product \u200binventories, a preliminary Reuters poll showed on Monday.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oil prices fell on Tuesday as markets \u200bweighed an executive order from US President Donald Trump that waived some sanctions and \u200ctariffs tied to Russian energy exports, while attacks on Saudi Arabia and Yemen kept fears of Middle East supply disruptions in view. Brent crude futures fell 49 cents, or 0.45%, to $109.06 a barrel. \u200bThe US West Texas Intermediate crude (WTI) contract for November delivery, set to expire on \u200bTuesday, eased 0.33% to $103.32. The more-active December contract was down 46 cents, or \u20600.47%, at $98.08. Brent rose as…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2979","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2979"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2979\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}