Various-Oil Prices/Tumble

Oil prices plunge over 11 pct amid US policy signals, Middle East tensions

  • English
  • Français
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Shotlist


Beijing, China - March 11, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Graphic showing changes of oil futures prices

FILE: Bab Oilfield, UAE - 2023 (CGTN - No access Chinese mainland)
2. Various of oil drilling in progress, facilities, fire burning

FILE: Bab Oilfield, UAE - 2023 (CGTN - No access Chinese mainland)
3. Various of oil field facilities, pipelines

FILE: Saudi Arabia - Date Unknown (CCTV - No access Chinese mainland)
4. Various of oil processing facilities
5. Gas flaring

FILE: Washington D.C., USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
6. Various of White House

FILE: Strait of Hormuz - 2011 (CCTV - No access Chinese mainland)
7. Various of boats sailing through Strait of Hormuz; island in strait

Storyline


Oil prices tumbled more than 11 percent Tuesday, with West Texas Intermediate and Brent crude posting their steepest single-day losses in years amid U.S. policy signals and supply concerns.

The sharp sell-off followed U.S. President Donald Trump's suggestion the previous day that the conflict with Iran could end "very soon", driving crude futures sharply down in after-hours trading.

The West Texas Intermediate for April delivery dropped 11.32 U.S. dollars, or 11.94 percent, to settle at 83.45 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery dropped 11.16 dollars, or 11.28 percent, to settle at 87.80 dollars a barrel on the London ICE Futures Exchange.

International Energy Agency (IEA) Executive Director Fatih Birol said in a statement Tuesday that G7 Energy Ministers met at the IEA headquarters to discuss global oil and gas markets and review all available options, including a potential release of reserves held by IEA member countries.

Later Tuesday, the IEA convened a special meeting of member countries, proposing the largest coordinated release of oil reserves in history to address supply tightness. A decision was expected on Wednesday.

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  • ID : 8469728
  • Dateline : March 11, 2026/File
  • Location : Various
  • Category : Economy/Other
  • Duration : 1'07
  • Audio Language : Nats/Part Mute
  • Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : See shotlist
  • Published : 2026-03-11 14:33
  • Last Modified : 2026-03-11 21:17:06
  • Version : 2
  • ID : 8469728
  • Dateline : 11 mars 2026/Archives
  • Location : Divers
  • Category : Economy/Other
  • Duration : 1'07
  • Audio Language : Nats/Partiellement muet
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Published : 2026-03-11 20:02
  • Last Modified : 2026-03-11 21:17:06
  • Version : 2
  • ID : 8469728
  • Dateline : 11 mar, 2026/Archivo
  • Location : Varios
  • Category : Economy/Other
  • Duration : 1'07
  • Audio Language : Nats/Parte Muda
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Published : 2026-03-11 18:56
  • Last Modified : 2026-03-11 21:17:06
  • Version : 2

Various-Oil Prices/Tumble

Oil prices plunge over 11 pct amid US policy signals, Middle East tensions

Dateline : March 11, 2026/File

Location : Various

Duration : 1'07

  • English
  • Français
  • Español


Beijing, China - March 11, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Graphic showing changes of oil futures prices

FILE: Bab Oilfield, UAE - 2023 (CGTN - No access Chinese mainland)
2. Various of oil drilling in progress, facilities, fire burning

FILE: Bab Oilfield, UAE - 2023 (CGTN - No access Chinese mainland)
3. Various of oil field facilities, pipelines

FILE: Saudi Arabia - Date Unknown (CCTV - No access Chinese mainland)
4. Various of oil processing facilities
5. Gas flaring

FILE: Washington D.C., USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
6. Various of White House

FILE: Strait of Hormuz - 2011 (CCTV - No access Chinese mainland)
7. Various of boats sailing through Strait of Hormuz; island in strait


Oil prices tumbled more than 11 percent Tuesday, with West Texas Intermediate and Brent crude posting their steepest single-day losses in years amid U.S. policy signals and supply concerns.

The sharp sell-off followed U.S. President Donald Trump's suggestion the previous day that the conflict with Iran could end "very soon", driving crude futures sharply down in after-hours trading.

The West Texas Intermediate for April delivery dropped 11.32 U.S. dollars, or 11.94 percent, to settle at 83.45 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery dropped 11.16 dollars, or 11.28 percent, to settle at 87.80 dollars a barrel on the London ICE Futures Exchange.

International Energy Agency (IEA) Executive Director Fatih Birol said in a statement Tuesday that G7 Energy Ministers met at the IEA headquarters to discuss global oil and gas markets and review all available options, including a potential release of reserves held by IEA member countries.

Later Tuesday, the IEA convened a special meeting of member countries, proposing the largest coordinated release of oil reserves in history to address supply tightness. A decision was expected on Wednesday.

ID : 8469728

Published : 2026-03-11 14:33

Last Modified : 2026-03-11 21:17:06

Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : See shotlist

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