URGENT UPDATE: Oil prices have steadied after a modest advance, following OPEC+’s recent decision to increase production quotas. As of today, Brent crude is trading above...
The latest report from the International Energy Agency (IEA) indicates that global oil production has reached record levels, significantly impacting the balance between supply and demand....
The U.S. shale industry is grappling with significant challenges as OPEC+ resumes previously curtailed oil production. Industry executives have described the situation as a “price war,”...
Reliance Industries, India’s largest private refiner, has issued a warning regarding the potential impact of tariff uncertainties and geopolitical developments on global crude oil markets. In...
Oil prices increased in early trading on Thursday as geopolitical tensions escalated following a new executive order from President Donald Trump. This order imposes tariffs on...
OPEC+ will finish unwinding its largest production cut next month, following a decision to increase oil output by 547,000 barrels per day (bpd) in September. This...
Oil prices increased by 2.5% following the latest meeting of OPEC+, where officials decided to maintain current production levels. The decision came during the 61st Joint...
