Global Oil Market Shaken by OPEC+ Decision and Iraq’s Rejection of Further Cuts
The oil market experienced significant volatility recently following the announcement by OPEC+ to extend output cuts into the second half
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OPEC
OPEC Struggles to Maintain Control Over Oil Prices
Despite deep production cuts, OPEC is struggling to hold oil prices high amid concerns over global demand growth and elevated
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Angola Leaves OPEC: “We Feel That We Currently Gain Nothing”
Angola has officially announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC). The move comes after
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US Oil Production Set to Break Records Amidst Global Supply Tightening
US oil production is on a surge and is anticipated to outpace earlier projections made this year, as revealed in
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Cartel Clash: Saudi Arabia, OPEC+ Members Argue Over Oil Production Quotas
In a high-stakes battle for oil dominance, tensions erupted within OPEC as Saudi Arabia and several member countries clashed over
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OPEC Slashes Output by Most Since Covid-19, Joe Biden Goes Into Panic Mode
Joe Biden is having a very unpleasant morning. Despite repeatedly begging OPEC to keep oil prices down in effort to
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EU Mulls Gas Price Caps, Derivatives Halt After Russia Keeps Nord Stream 1 Shut
European leaders are set to discuss special measures in an emergency meeting to determine responses to soaring energy costs, including
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Crude Supply Crisis Deepens: Libya’s Oil Output Falls Amid Political Crisis
Libya’s crude output fell to less than 1 million barrels per day last week, after the country’s main oil field
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White House Announces Release Of 50 Million Barrels of Oil From Reserve In Parallel With China, Japan, India, Others
The White House announced today that the country’s Department of Energy is making available releases of 50 million barrels of
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OPEC Crude Production Falls Short of Output Deal as Pumps Brace for Fuel Price Hikes
OPEC’s output fell short of projections last month, as a number of the cartel’s smaller members suffered outages, further fuelling
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