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OPEC SANCTIONS IMPACT
One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared HormuzAmidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shi...
US quietly allows waiver on Russian oil to expireAmerica's Treasury has not extended sanctions waivers on Russian oil. This waiver expired at midnight. President Trump has not confirmed if...
US-Iran peace deal: Reliance Industries, ONGC; which other oil & gas stocks will emerge as top winners and losers?A US-Iran peace deal is expected to ease oil supply risks, pushing crude prices lower. Nomura sees OMCs, CGDs, and Petronet LNG as key bene...
Putin's 'Russian Davos' opens with US guests as economy slows and war drags onRussia hosts its premier investment forum in Saint Petersburg. The event includes prominent figures from the United States and Germany. Thi...
The Ukraine war is changing. European allies' strategy must change tooUkraine's war effort has shifted, with drones dominating the battlefield and blunting Russia's advantages. While Russia faces higher casual...
Why are oil prices up today, and will Brent crude futures and US WTI rates rise sharply in near future? Oil rises as supply fears returnWhy are oil prices up today, and will Brent crude futures and US WTI rates rise sharply in near future? Oil prices increased as hopes for a...
Why UAE stepped away from OPEC amid Iran war and soaring crude oil pricesUnited Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...
Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150?Crude oil prices surged to near $115 per barrel, the highest since June 2022, driven by escalating Iran conflict tensions and supply risks....
Why are oil prices down now, and will Brent, US WTI crude futures continue to drop or rise again? Oil slips after UAE exits OPEC and Strait tensions continueWhy are oil prices down now, and will Brent, US WTI crude futures continue to drop or rise again? Oil prices eased after a long rally as ma...
Iran war hands OPEC's swing producer crown to AmericaAmerica is now the world's energy superpower. The Iran war caused an oil crunch, but the U.S. is helping. It is increasing oil exports and ...
OPEC+ debates theoretical oil output hike amid Iran war paralysisAs OPEC+ examines the possibility of increasing oil output this Sunday, industry insiders caution that any boost may have little real impac...
Oil prices forecast to ease in 2026 under pressure from ample supply: PollThe survey of 34 economists and analysts conducted in December forecast that Brent crude would average $61.27 per barrel in 2026, down from...
OPEC ready to raise oil output if required after US sanctions on Russia, Kuwaiti minister saysOPEC is prepared to increase oil production. This comes after new United States sanctions on Russian oil companies. Kuwait's oil minister s...
An overview of Iran's energy industry and infrastructureIsrael launched strikes on Iran targeting nuclear and military sites. Iran's oil facilities reportedly sustained no damage. Iran produces a...
India to reject oil tankers that were sanctioned by US on FridayIndia will not allow oil tankers sanctioned by the US for transporting Russian cargoes to discharge. This follows aggressive new sanctions ...
Resurgent China to drive 2023 oil demand, supply shortfall possible in H2 -IEAWith air travel ramping up as the pandemic continues to ease, jet fuel is set to form a central plank in the global demand rebound, the IEA...
Oil price rise a knee-jerk reaction, shouldn’t extend far: Jonathan Barratt, Probis SecuritiesAt these levels, there is more concern for economic growth, says Barratt
Iran says no OPEC member can take over its share of oil exportsTrump has called on OPEC to pump more oil to bring down prices.
Opec to raise crude oil production: Experts' takeSaudi Arabia and Russia said they were happy to pump more but Iran had criticised the idea.
- Opec crude oil production dips to 31.72mb/d in June
Crude oil production in Opec countries dipped by 30,000 barrels per day to 31.72 million b/d in June, according to a Platts survey.