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 ...
Iran exports nearly half of its oil production and uses the rest for its own domestic needs. The sliver of Iran’s oil exports ...
Increasing geopolitical tensions and concerns about production levels have been fueling volatility in the energy markets ...
Extra Iranian barrels have been able to enter the market — helping to moderate world crude prices — with the tacit approval ...
If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's Bjarne Schieldrop said.
At just $70 a barrel, US oil prices remain much closer to their 2024 lows than their highs last fall of nearly $90. The ...
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 ...
"The alleged statements, attributed to unnamed sources, lack any credibility and are completely fabricated," OPEC noted ...
Crude oil futures ended with small gains. Saudi Arabia oil minister reportedly warned OPEC members that oil could drop to $50 ...
Iran fired hundreds of missiles at Israel on Tuesday in response to Israeli airstrikes and attacks. Israel’s Prime Minister ...
The Saudi energy minister warned that oil prices could drop to $50 per barrel if OPEC members continue to exceed their agreed ...
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