Kuwait Oil Production Surges as OPEC+ Completes Output Cut Reversal
Kuwait produced 1.971 million barrels of crude oil daily in July, Reuters has reported, citing unnamed sources. That…
Oil Prices Surge on Fresh Middle East Strikes and API Crude Draw
Oil prices spiked in early Asian trade on Wednesday, erasing a significant portion of Tuesday’s selloff on the…
Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates
Oil prices were headed early on Friday for a 12% weekly gain, the biggest jump in one week…
China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse
Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid…
Iran Warns U.S. Interference Could Trigger Further Oil and Gas Disruptions
Following a major U.S.-Iran re-escalation over the Strait of Hormuz this weekend, Iran’s Islamic Revolutionary Guard Corps (IRGC)…
Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario
Crude oil prices plunged below $70 per barrel at the beginning of the week, and energy markets largely…
New Crude Streams Add 12M Barrels to Nigeria’s Output
Nigeria’s ambition to raise crude oil production has received a boost from the growing contribution of newly introduced…
Nigeria oil production exceeds OPEC quota, hits 15-month hig
Nigeria’s crude oil production rose above its Organisation of the Petroleum Exporting Countries production quota in May 2026,…
America’s emergency oil reserve is about to hit its lowest level since Reagan was in office
The nation’s emergency reserve for oil and fuel supplies is slipping below Biden-era lows to its most exhausted…
OPEC+ Approves Another Oil Output Hike for July
OPEC+ this Sunday decided to add another 188,000 barrels of crude to its collective production next month despite…
UK and Ghana sign £215m growth partnership
Ghana and the UK have agreed a £215 million growth partnership to boost trade and investment. The deal…
$90 Oil Could Lift India’s Inflation to 4.8% and Slow GDP Growth
India’s inflation is set to accelerate to 4.8% in the fiscal year 2027, if oil prices average $90…