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 Jumps as Iran Clock Ticks Toward Zero
Oil ends the month on a firm footing as Iran tensions simmer, but muted attention on the upcoming…
StanChart: Oil Market Rebalances as Oversupply Fears Fade Into 2026
The oil price rally has finally run out of steam, with oil prices declining for the first time…
Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil
The United States is rushing to sell off millions of barrels of Venezuelan oil after the Trump administration…
Oil prices fall 3% after Trump says ‘killing has stopped’ in Iran
Oil prices fell 3% on Thursday after comments from U.S. President Donald Trump calmed fears that an American…
Goldman Sachs Says WTI Could Drop to $50
West Texas Intermediate could drop all the way to $50 per barrel towards the end of this year,…
Iran’s Oil Output Faces a New Test After Venezuela
In recent months, Iran has produced record levels of oil, even in the face of United States sanctions…
Oil Prices Slip as Markets Eye the Return of Venezuelan Crude
Oil prices edged lower in early Asian trading on Tuesday as markets weighed the possibility of higher Venezuelan…
Geopolitical Risk Keeps Oil Prices Elevated
Oil prices remained elevated in early Asian trade on Tuesday as investors priced in growing geopolitical risk, especially…
Oil Prices Rise as OPEC+ Holds Firm on Output Through Q1 2026
Oil prices rebounded in early Asian trade on Monday following the latest OPEC+ meeting, as traders responded to…
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,…