Markets
WTI Crude Plunges 4.37% as U.S.-Iran De-escalation Eases Supply Fears
Crude oil prices saw a significant plunge on Tuesday, with WTI September delivery falling 4.37% to $79.00 per barrel. This decline is...
#opec 14 articles
Stocks
Oil Prices Retreat as Red Sea Shipments Persist Despite Threats
WTI crude and RBOB gasoline prices fell Friday, giving back half of Thursday's rally, as Red Sea oil shipments continued despite Houthi...
World Business
OPEC+ Boosts Output Amidst Cartel’s Uncertain Future
OPEC+ countries have agreed to increase output targets, but the cartel faces existential challenges following the UAE's departure and internal divisions.
Markets
WTI Crude Plunges 3.24% on Output Hike Prospects, Profit-Taking
WTI crude oil prices plummeted on Friday, shedding gains from five consecutive sessions as investors booked profits and anticipated a likely output...
World Business
OPEC+ Boosts Output, Cartel’s Future Uncertain After UAE Exit
A handful of OPEC+ nations will raise oil output from August. However, the cartel is fighting for survival following the UAE's departure,...
World Business
OPEC+ Nations Boost Oil Output by 188,000 BPD as Prices Fall Post-Conflict Deal
Seven OPEC+ countries will increase oil production by 188,000 barrels per day in August, responding to falling crude prices after a US-Iran...
Markets
Brent Crude Erases Wartime Gains as US-Iran Peace Unleashes Global Oil Glut
Oil prices are tumbling globally following a US-Iran peace deal, unleashing a wave of supply that has erased wartime gains and rekindled...
World Business
Riyadh, Moscow Cement Oil Control; OPEC Influence Wanes
As Saudi Arabia and Russia deepen their energy cooperation, their combined influence over global oil supply grows, challenging traditional market dynamics amidst...
Markets
Crude Oil Plummets: Trump Confirms Iran Peace Deal, Halts Strikes
Crude oil prices plunged after President Trump announced a peace deal with Iran, recalling military strike orders. WTI crude fell to $87.22...