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 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…
OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past Hormuz
OPEC has trimmed its 2026 global oil demand growth forecast for the third straight month, even as crude…
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…
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…
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…
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The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following…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…
Opec producers agree to raise output from June in first move since UAE exit
Seven Opec nations agreed on Sunday to raise collective production by 188,000 barrels per day in June, pressing…
JP Morgan: UAE Could Attract More U.S. Investment After OPEC Exit
The United Arab Emirates (UAE) could attract more U.S. investment after the exit from OPEC as the country…
Barclays Sees UAE Oil Supply Growth Accelerating Post-OPEC
After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster…
OPEC Will Survive UAE Exit, But Medium-Term Supply Threat Is Real
The OPEC and OPEC+ groups are not expected to falter following the abrupt, but not necessarily surprising, exit…