Why Oil’s Supply Crunch Could Arrive Late
The oil market still looks surprisingly calm for a system that has spent nearly three months absorbing the…
Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began
As U.S. drivers face the highest Memorial Day gasoline prices in four years, American consumers are paying billions…
UAE Withdraws From OAPEC | OilPrice.com
The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following…
Iran-Fueled Inflation Shock Will Be Felt for Years, Market Vet Says
Investors see the Iran war as all but over, but a market vet warns the effects will be…
The Cushion Is Gone and the Oil Market Is Now Exposed
The global oil market has been on a rollercoaster since late February, but the price reaction to the…
African Nations Turn to Dangote for Reliable Fuel Supply
Dangote Petroleum Refinery and Petrochemicals has rapidly transformed from a massive industrial project into a critical ‘fuel lifeline’…
IEA Warns of Largest Oil Supply Disruption in History
The Middle East war is creating the biggest supply disruption in the history of the oil market as…
Gulf Producers Slash Oil Output by 5 Million Bpd
The largest oil producers in the Middle East Gulf have deepened production cuts and are already lowering output…
OPEC+ Approves Modest Output Hike as Iran War Jolts Oil Markets
OPEC+ agreed on Sunday to raise oil output by a modest 206,000 barrels per day (bpd) in April,…
Oil Bears Are Dangerously Underestimating Geopolitical Risk
For decades, oil prices could swing wildly on even the distant prospect of war in the Middle East.…
Oil Prices Rise as U.S.-Iran Tensions Simmer
Oil prices rose by 1% early on Wednesday as the U.S.-Iran tensions continue to rise and Israeli Prime…
OPEC+ Holds Output Steady, Approves New Capacity Framework Through 2026
OPEC and its allies agreed on Sunday to keep oil output levels unchanged through the end of 2026,…