BBusiness Read More Oil Prices Plunge 5% as Trump Halts Iran Strike PlansAugust 3, 2026 Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of…
BBusiness Read More OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past HormuzJuly 14, 2026 OPEC has trimmed its 2026 global oil demand growth forecast for the third straight month, even as crude…
BBusiness Read More OPEC+ countries agree to increase oil production in AugustJuly 6, 2026 NEW YORK (AP) — A handful of countries in the OPEC+ oil-producing alliance plan to increase their outputs…
BBreaking News Read More June 2026 OPEC output leaped 3M+ bpd – Shafaq NewsJuly 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 Read More State of Global Oil Inventories Ruins Iran Peace OptimismJune 18, 2026 As oil benchmarks crash and Brent slips below $80 per barrel, a growing number of analysts are sounding…
BBusiness Read More OPEC+ countries, including Saudi Arabia and Russia, to boost oil productionMay 4, 2026 VIENNA (AP) — Seven countries in the OPEC+ grouping of oil-producing countries — including Saudi Arabia and Russia…
EEconomy Read More ‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPECApril 29, 2026 The decision was shocking. But the announcement April 28 that the UAE was leaving OPEC caps years of…
EEconomy Read More uae quits opec opec+ may 1 impact on india oil imports uae opec oil pricesApril 29, 2026 The United Arab Emirates will leave OPEC and OPEC+ – the world’s largest oil-producing blocs, which control roughly…
EEconomy Read More NNPC Hikes Nigerian Oil Prices by $7/BarrelApril 29, 2026 The Nigerian National Petroleum Company Limited has raised the official selling prices of all 37 Nigerian crude grades…
BBusiness Read More Strait of Hormuz Constraints Keep Oil Prices ElevatedApril 10, 2026 Oil prices remain close to $100 per barrel despite the U.S.-Iran ceasefire, which revived hopes that the worst…
EEconomy Read More IEA Chief: Current Energy Crisis Worse Than 1973, 1979, and 2022 CombinedApril 8, 2026 The current energy crisis is worse than the oil and gas crises of 1973, 1979, and 2022 taken…
BBusiness Read More Oil prices are rising sharply after US and Israeli attacksMarch 2, 2026 NEW YORK (AP) — Oil prices rose sharply when market trading began Sunday, as U.S. and Israeli attacks…