UAE oil output hit a record in June, the IEA said, increasing global supply and pressuring crude prices amid OPEC+ quota tensions.
Saudi Arabia’s campaign to revive Gulf oil loadings runs into buyer caution, signaling weak demand and sending a bearish pulse through crude…
Iraq's decision to push oil output at three key southern fields to full capacity threatens to undermine OPEC+ supply management, likely accelerating…
Brent crude oil slumps below $70 as China's manufacturing contraction and falling crude imports intensify concerns over global demand destruction and a…
Saudi Arabia’s official selling price reduction deepened concerns about a crude supply glut, keeping oil benchmarks near recent lows.
Saudi Arabia’s rare oil price discount underscores a fierce battle for market share among producers, poised to sink crude prices globally as…
Saudi Arabia slashed oil prices by the most in decades as global demand weakens, intensifying bearish pressure on crude markets and energy…
OPEC+ emerges from wartime constraints and signals a return to higher production, which could flood the market with excess supply and drive…
OPEC's production increase drove oil prices lower while the dollar steadied, setting a cautious tone across global financial markets.
Oil prices declined on July 5 as the Strait of Hormuz saw no disruption and OPEC+ prepared to increase output, with WTI…
OPEC+ ratified a modest oil output hike for August, lifting daily production by 400,000 barrels as Gulf output recovers, a move likely…
OPEC+ announced a 188,000 barrel-per-day quota hike and Gulf oil flows resumed, triggering a selloff in crude futures as markets braced for…