Markets

OPEC+ plans a major oil output hike by November as Saudi Arabia cracks down on members violating production quotas

Oil prices fall as the US-China trade war raises concerns over global economic growth and reduced fuel demand

Shell lowers its LNG production forecast for the first quarter due to cyclones and unplanned maintenance, expecting output between 6.4-6.8 million tons

Oil prices drop 6% following new tariffs and OPEC+ output increase, marking the steepest decline since 2022

Australia’s mining and energy export earnings are projected to fall 6% in 2024 as iron ore prices dip and Chinese demand slows

Oil prices rise as traders assess U.S. tariffs and tightening crude supplies, with concerns about the global economy

Pemex pursues a diversification strategy for motor fuel and crude oil exports, following U.S. tariff threats against Venezuela oil trade

Iraq plans to raise oil production to 6 million bpd by 2029, backed by a BP deal and OPEC+ commitment to global output reductions

Kazakhstan’s oil minister was ousted after the country exceeded OPEC+ quotas, facing backlash for overproduction and defiance of production limits

A Ryazan oil refinery explosion killed one worker and injured three during maintenance. Authorities are investigating the incident’s cause and impact