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Keywords: Crude oil


OPEC+ ramps up oil production amid geopolitical uncertainty

In a strategic move to regain market share, the eight key members of OPEC+, including Saudi Arabia and Russia, announced on Sunday an increase of 547,000 barrels per day starting in September 2025. This marks the end of a production hike cycle initiated in April. The decision was largely anticipated......

Red Sea Tanker Leaks Oil After Attack, Pentagon Reports

The Greek-flagged crude oil tanker Sounion, which was struck by Yemen’s Houthis last week, remains ablaze in the Red Sea and is now reportedly leaking oil, according to a Pentagon spokesman.  The Sounion, targeted by multiple projectiles off Yemen’s port city of Hodeidah, was carrying......