World Business
OPEC+ Boosts Output, UAE Exit Threatens Cartel’s Future
A select group of OPEC+ nations will raise oil output from August, but the cartel faces an uncertain future following the UAE's...
#opec 17 articles
World Business
OPEC+ Completes 2023 Cut Reversal with Modest Quota Hike
OPEC+ nations approved a 188,000 bpd quota increase, theoretically unwinding 2023 cuts. The move offers future flexibility once Middle East conflict ends.
Markets
Oil Dips: Hormuz Management Talks Drive Prices Down
Crude oil prices fell as Iran and Oman discussed Strait of Hormuz management, raising hopes for free oil flow. Investors also engaged...
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...
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...