Global Oil Market

OPEC+ keeps its current oil output policy unchanged, hinting at a possible pause or reversal of planned production hikes in October to stabilize the market.

Oil prices rise slightly on robust US GDP growth, but concerns over Asia’s economic outlook limit gains. The market balances optimism with caution amid uncertainties.

Rising oil prices influenced by China’s economic data and rising geopolitical tensions across key regions.

Oil prices defied expectations on Thursday, climbing due to worries about potential disruptions to global crude supply caused by geopolitical tensions in the Middle East and Europe, even though U.S. …

Attacks by Yemen’s Houthis on Red Sea tankers are disrupting global oil shipments, forcing a surge in shipments around Africa’s Cape of Good Hope. This rerouting is raising concerns about …

OPEC is on the brink of another major conflict over oil production capacities, with member nations poised to clash over how much oil each country can produce.

Russia admitted to exceeding its oil production quota for April, attributing it to technical challenges. This surprise move casts doubt on Russia’s commitment to coordinated production cuts with OPEC+, a …

Oil prices surged as uncertainty over Iran’s political future stirred concerns about potential disruptions in the global oil supply, driving up crude prices.

As global oil markets continue to evolve, attention turns to Namibia, a country poised to potentially become the newest member of the Organization of the Petroleum Exporting Countries (OPEC). The …

Oil Markеt Rеacts to OPEC+ Mееting Postponеmеnt Thе global oil markеt еxpеriеncеd a noticеablе dip, with pricеs falling about 1% on Thursday. This downturn is attributеd to thе anticipation that …