Keywords: Global oil supply
The OPEC+ alliance is expected to approve a modest increase in oil production quotas for September, according to sources familiar with the discussions, before temporarily suspending further monthly output increases as the group completes the rollback of its voluntary production cuts. The proposed adjustment......
Oil prices fell sharply in Asian trading on Monday, dropping by more than 5% as investors reacted positively to the absence of new US strikes against Iran and renewed hopes that diplomatic talks could help ease tensions between Washington and Tehran. After around 30 minutes of trading, Brent crude,......
The United Kingdom government expects global oil prices to remain near 100 dollars per barrel through 2028, even if a peace agreement is reached between the United States and Iran, according to internal projections. The assessment signals a prolonged period of elevated energy costs driven by slow recovery......
The OPEC+ alliance, which brings together major oil-producing countries, has held its first major meeting following the departure of the United Arab Emirates (UAE), a development that has raised questions about the group’s cohesion and future influence on global energy markets. The meeting included......
Global oil prices pulled back after news that Abbas Araghchi is traveling to Islamabad for a new round of negotiations between Iran and the United States. The diplomatic signal interrupted a five day rally driven by severe supply disruptions, offering markets a potential path toward de escalation. Brent......
The head of the International Energy Agency has warned that the disruption in the Strait of Hormuz may trigger lasting changes in global energy markets, even if the passage reopens. Executive director Fatih Birol said the era of heavy dependence on a single maritime chokepoint is nearing its end, adding......
Crude exports from Saudi Arabia rose to 7.276 million barrels per day in February, up from 6.993 million in January, reaching their highest level in several years. The increase of 283,000 barrels per day reflects a steady ramp up in output as the kingdom positioned itself amid rising geopolitical tensions......
Yemen’s Houthi forces launched their first direct strikes on Israel on Saturday, marking a new phase in the ongoing conflict involving the United States, Israel, and Iran. The escalation has raised concerns that the Red Sea, now a critical alternative route for oil shipments, could become a major......
The United Arab Emirates has expressed its willingness to participate in a multinational maritime initiative aimed at restoring navigation through the strategically vital Strait of Hormuz, according to international media reports. The proposed operation would involve a coalition of countries working......
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