Saudi Arabia cuts crude oil prices for Asia to 5-year low amid rising signs of surplus reserves — here are the details
Organisation of the Petroleum Exporting Countries (OPEC) member Saudi Arabia has slashed its crude oil selling price to…
What’s Next for OPEC+ in the Glut Year?
OPEC+ is meeting this coming weekend to discuss the next steps in its production control plan. Early reports…
OPEC+ further hikes oil output
With their successive production hikes this year, the key members of OPEC+ are aiming to boost market share…
Turkey continues to import Russian oil despite US pressure
The latest shipping data released by the “London Exchanges Group”, alongside information from market sources, revealed that Turkey…
Crude Oil Futures Rise on Supply Data and OPEC+ Outlook
Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at…
Oil prices jump after OPEC+ announces modest monthly output hike
Published on 06/10/2025 – 8:59 GMT+2 ADVERTISEMENT Oil prices rose on Monday morning in Europe after the OPEC+…
Forget OPEC Warnings The Real Oil Shock Is Happening Inside Russia
While the world is watching the UN General Assembly discussions on Gaza-Israel, hybrid warfare in Europe (drones) and…
Is Iraq Looking To Open Another Backdoor For Iran To Export Its Oil?
Iraq has long been the key instrument through which Iran has been able to generate economy-supporting revenue from…
Kuwait oil production capacity at highest level in more than a decade
Kuwait’s crude oil production capacity has reached 3.2 million barrels per day (mbbl/d), according to the country’s Oil…
Why U.S. Oil Growth Is Slowing
For the past two years, the United States has set oil production records. This growth is a continuance…
Saudi Arabia Offers Deeper Crude Discounts to Asian Buyers
Aramco has urged Asian buyers to buy more Saudi crude for October loading after the world’s top crude…
OPEC+ Latest Hike Casts Shadow over Glut Narrative
Last Sunday, OPEC+ agreed to add 137,000 bpd to its collective oil output. This was the seventh monthly…