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Browsing Tag

OPEC

27 posts
BBusiness
Oil Prices Plunge 5% as Trump Halts Iran Strike Plans
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Oil Prices Plunge 5% as Trump Halts Iran Strike Plans

  • August 3, 2026
Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of…
BBusiness
OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past Hormuz
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OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past Hormuz

  • July 14, 2026
OPEC has trimmed its 2026 global oil demand growth forecast for the third straight month, even as crude…
BBusiness
OPEC+ countries agree to increase oil production in August
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OPEC+ countries agree to increase oil production in August

  • July 6, 2026
NEW YORK (AP) — A handful of countries in the OPEC+ oil-producing alliance plan to increase their outputs…
BBreaking News
June 2026 OPEC output leaped 3M+ bpd - Shafaq News
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June 2026 OPEC output leaped 3M+ bpd – Shafaq News

  • July 4, 2026
2026-07-04T11:53:35+00:00 font Enable Reading Mode A- A A+ Shafaq News- Vienna/ Baghdad OPEC oil production rose to 19.34…
BBusiness
State of Global Oil Inventories Ruins Iran Peace Optimism
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State of Global Oil Inventories Ruins Iran Peace Optimism

  • June 18, 2026
As oil benchmarks crash and Brent slips below $80 per barrel, a growing number of analysts are sounding…
BBusiness
OPEC+ countries, including Saudi Arabia and Russia, to boost oil production
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OPEC+ countries, including Saudi Arabia and Russia, to boost oil production

  • May 4, 2026
VIENNA (AP) — Seven countries in the OPEC+ grouping of oil-producing countries — including Saudi Arabia and Russia…
EEconomy
'Take the money and run': Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
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‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC

  • April 29, 2026
The decision was shocking. But the announcement April 28 that the UAE was leaving OPEC caps years of…
EEconomy
uae quits opec opec+ may 1 impact on india oil imports uae opec oil prices
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uae quits opec opec+ may 1 impact on india oil imports uae opec oil prices

  • April 29, 2026
The United Arab Emirates will leave OPEC and OPEC+ – the world’s largest oil-producing blocs, which control roughly…
EEconomy
NNPC Hikes Nigerian Oil Prices by $7/Barrel
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NNPC Hikes Nigerian Oil Prices by $7/Barrel

  • April 29, 2026
The Nigerian National Petroleum Company Limited has raised the official selling prices of all 37 Nigerian crude grades…
BBusiness
Strait of Hormuz Constraints Keep Oil Prices Elevated
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Strait of Hormuz Constraints Keep Oil Prices Elevated

  • April 10, 2026
Oil prices remain close to $100 per barrel despite the U.S.-Iran ceasefire, which revived hopes that the worst…
EEconomy
IEA Chief: Current Energy Crisis Worse Than 1973, 1979, and 2022 Combined
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IEA Chief: Current Energy Crisis Worse Than 1973, 1979, and 2022 Combined

  • April 8, 2026
The current energy crisis is worse than the oil and gas crises of 1973, 1979, and 2022 taken…
BBusiness
Oil prices are rising sharply after US and Israeli attacks
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Oil prices are rising sharply after US and Israeli attacks

  • March 2, 2026
NEW YORK (AP) — Oil prices rose sharply when market trading began Sunday, as U.S. and Israeli attacks…
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