Post-OPEC Angola: The Quota’s Gone, the Decline Isn’t
In December 2023, Angola stunned global energy markets by announcing it would leave OPEC after 16 years of…
Saudi’s fiscal outlook hinges on oil price recovery, production growth, IMF says
(Bloomberg) – Saudi Arabia’s fiscal and current accounts would benefit most from a rebound in oil prices and…
Kazakhstan Monitors Oil Output After Russian Gas Plant Hit
(Bloomberg) — Kazakhstan’s energy ministry is in contact with the nation’s oil producers following a drone attack on…
Crude Check: Bears Calling The Shots
Crude oil prices were down for a third week in a row. Brent crude oil futures on the Intercontinental…
Polish Judge Rejects Handing Nord Stream Suspect to Germany
(Bloomberg) — A Polish court declined to extradite to Germany a Ukrainian national suspected of helping sabotage the…
Gas Prices Are Dropping Right Now: Here’s Why
Topline The national average for a gallon of regular gasoline has fallen to $3.05, while U.S. crude oil…
Colombia Warms to Fossil Fuels as Climate Agenda Fizzles
(Bloomberg) — Colombia, the world’s only significant oil producer to join a bloc of nations vowing to quit…
Oil Chiefs See $60 Oil as Breaking Point for Shale Growth
Top executives from supermajors, the U.S. shale patch, and national oil companies remain bullish about the oil market…
OPEC+ is key to strengthening Russia and Saudi interests, Russia says
By Olesya Astakhova and Vladimir Soldatkin MOSCOW (Reuters) -Collective action within oil producer group OPEC+ is in the…
Basrah crude rises as OPEC prices dip in September
2025-10-14T08:35:20+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad Iraq’s Basrah Medium crude climbed to…
Kuwait finds natural gas in third offshore discovery
Kuwait Oil Company said on Monday it made its third offshore discovery with production capacity of more than…
US gas prices on brink of falling below $3 as oil plunges
BALTIMORE, MD—The national average price of gasoline is nearing the $2.99 per gallon mark, a threshold not sustained…