Oil Prices Fall as OPEC and IEA Slash 2026 Demand Outlooks
Despite the ongoing stalemate in the U.S.-Iran talks and persistent risks to shipping in the Middle East, oil…
Oil Prices Plunge 5% as Trump Halts Iran Strike Plans
Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of…
The Next Oil Price Spike Could Come Sooner Than Traders Think
Oil prices have dropped back to pre-war levels since the United States and Iran agreed to negotiate a…
Brent Erases Iran War Premium as Hormuz Flows Show Signs of Recovery
Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the…
State of Global Oil Inventories Ruins Iran Peace Optimism
As oil benchmarks crash and Brent slips below $80 per barrel, a growing number of analysts are sounding…
Global Oil Stockpiles Plunge as Iran War Chokes Supply
The West’s international energy watchdog has warned that oil stockpiles were being drained at a record rate last…
Oil Prices Rise as U.S.-Iran Peace Hopes Fade
Crude oil prices ticked higher today as hopes for a peace deal between the United States and Iran…
UAE’s Shock Exit Leaves OPEC Weakened and the Global Oil Order Rewritten
Before 1 May, the once-mighty Organization of the Petroleum Exporting Countries (OPEC) had 12 members, but with the…
UAE Withdraws From OAPEC | OilPrice.com
The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following…
$125 Oil Could Tip Global Economy Into Recession
Elevated oil prices for a sustained period of time would tip the global economy into a recession, Moody’s…
UAE Break With OPEC Puts African Crude Exports At Risk
A couple of days ago, the United Arab Emirates announced that it will formally leave OPEC on May…
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
The decision was shocking. But the announcement April 28 that the UAE was leaving OPEC caps years of…