Kuwait’s KPC eyes market opportunity driven by OPEC+ supply hike
(Bloomberg) — Kuwait’s state energy company said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest…
Oil Market Heading For Surplus In 2025 On Latest OPEC+ Output Hike
An oil storage facility in Groot-Ammers, The Netherlands. getty The global oil market is likely heading for a…
Iraq Claims Top Spot Among OPEC Crude Suppliers to the U.S.
OPEC’s second-largest producer, Iraq, was the single biggest supplier of crude from the cartel to the United States…
Middle East Oil Disruption Risk Plunges to 4%
The risk of crude oil supply disruption in the Middle East has dropped to just 4%, according to…
Putin says no need for OPEC+ to intervene in oil market due to Iran-Israel conflict
ST PETERSBURG, Russia (Reuters) -Russian President Vladimir Putin said on Friday that oil prices had not risen significantly…
Tight Fuel Markets Boost Profits for Oil Refiners
Refining capacity closures and resilient fuel demand have tightened global fuel markets in recent weeks, benefiting refiners globally.…
Russia’s Crude Oil Export Revenues Hit Two-Year Low as Prices Dip
The value of Russian crude oil exports have sunk in May to the lowest level in over two…
OPEC+ Gives Up Trying To Boost Prices. What’s Next?
For over two years, OPEC and its partners from Central Asia, led by Russia, tried to push oil…
U.S. Shale Industry Braces for Increased Saudi Oil Production
Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price…
U.S. crude production may decline in 2026 amid slowing global demand, S&P Global says
Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus…
Crude Oil Tumbles Further as OPEC+ Hike Stokes Fears
By Aduragbemi Omiyale Africa’s richest man, Mr Aliko Dangote, has taken a significant step to reduce the annual…
Crude Oil Slips as Saudi Arabia Eyes Production Expansion
By Dipo Olowookere The Nigerian Exchange (NGX) Limited spent another day in the territory of the bears on…