Why the latest OPEC+ oil output hike does not matter, for now
This completes the phased rollback of a 1.65 million bpd supply cut originally agreed in 2023, when the…
OPEC oil output rises in June after historic low
Saudi Arabia and Iraq also increased output, sources in the survey said. Nigeria and Libya, whose shipments were…
Will the reopening of the Strait of Hormuz break OPEC’s grip on oil?
The incentives to move quickly will be huge given pent-up demand from major energy importers, particularly in Asia.…
Iraq Announces Massive Oil Discovery Near Saudi Border Amid Escalating Regional Energy Crisis
Damascus, Syria – Iraq has announced a major new oil discovery in the country’s southwest near the Saudi…
Shift in UAE oil stance signals emerging divide with Saudi Arabia
But beneath that convergence lay a fundamental asymmetry: Saudi Arabia saw itself as the natural centre of gulf…
How will UAE bolting OPEC impact trade relations with Saudi Arabia?
How likely is the Saudi-UAE row to hit trade? Saudi Arabia and the UAE are so deeply enmeshed…
In a shock move, UAE leaves OPEC to gain control over its oil future
A win for US President Donald Trump? The UAE’s exit represents a win for US President Donald Trump,…