OPEC+ - comprised of the Organization of the Petroleum Exporting Countries and its allies - was already preparing to lift output in less than two months. The group has plans to gradually faze out ...

Global oil prices have been falling until increased geopolitical tensions in the Middle East saw jumps this week. So what ...

Increasing geopolitical tensions and concerns about production levels have been fueling volatility in the energy markets ...

Oil is the dog that has not barked since the Middle East blew up. If Iran had launched a full-blown missile strike at Israel ...

OPEC has spare oil capacity to offset Iranian supply loss, but conflict escalation could impact global oil prices.

This stark juxtaposition of geopolitical tensions and internal OPEC+ dynamics underscores the complex forces at play in the ...

West Asia pushed to the edge by Israel’s ground offensive in Lebanon, we recount the annexation of Kuwait by Iraq in 1990 and ...

At just $70 a barrel, US oil prices remain much closer to their 2024 lows than their highs last fall of nearly $90. The ...

Much of the spare oil is in the Middle East Gulf region and vulnerable should the conflict escalate. Read more at ...

Even as geopolitical tensions mount, a panel meeting of OPEC on Wednesday maintained status quo on the cartel’s oil output ...

Saudi Arabias oil minister has issued a warning that oil prices could fall to $50 a barrel if certain OPEC+ members continue ...