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Brent to $69.25/bbl

China, India buy Venezuelan oil; IEA sees supply rebound, weaker demand; Inpex warns LNG boom may cause Asia shortfall by 2035.
Published: February 12, 2026
Written by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
4 page report
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The Apr’26 Brent futures contract reached a high of $69.85/bbl at 04:15 GMT but softened to $69.25/bbl at 09:58 GMT, at the time of writing.

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