Tag: OPEC+

Brent crude trades near $72/bbl as OPEC+ adds 188,000 b/d for August, Saudi exports recover, and the Hormuz risk premium unwinds.

Global oil markets are entering another phase of supply adjustment after the OPEC+ alliance agreed to increase crude oil production from August, a decision that could influence fuel prices, inflation ...

The United Arab Emirates has announced plans to accelerate construction of a new oil pipeline through Fujairah as the country seeks to strengthen its energy export capacity amid mounting regional ...

In a move that deals ⁠a heavy ⁠blow to the oil exporting groups, UAE has announced that it will quit the Organization of the Petroleum Exporting Countries (OPEC) OPEC and ...

OPEC+ has agreed to a modest oil output increase of 206,000 barrels per day for May, but the decision comes at a time when global supply disruptions have rendered much ...

Oil prices could hit $150 per barrel or more if the ongoing Middle East conflict persists through the end of March, according to energy intelligence firm Kpler. The warning comes ...

Oil Prices Ease as Global Supply Cushions Shock of Maduro Arrest

Global Oil Demand Strengthens as Supply Tightens Amid Sanctions and Market Imbalances — IEA

Global oil prices edged lower as rising supplies and doubts over U.S. sanctions on Russia weighed on market sentiment.

OPEC+ to Pause Oil Output Increases in Early 2026 to Preserve Market Stability