Keywords: Energy markets


OPEC+ expected to approve September oil output increase before pausing production hikes

The OPEC+ alliance is expected to approve a modest increase in oil production quotas for September, according to sources familiar with the discussions, before temporarily suspending further monthly output increases as the group completes the rollback of its voluntary production cuts. The proposed adjustment......

Chevron posts strongest quarterly profit in six years as energy markets face major disruption

Chevron reported its strongest quarterly profit in at least six years on Friday, exceeding Wall Street expectations as disruptions in global energy markets helped drive higher earnings for one of the world's largest oil companies. The United States-based energy giant posted adjusted earnings of......

Morocco emerges as a potential destination for future U.S. LNG exports

Morocco has emerged as a potential destination for future U.S. liquefied natural gas (LNG) exports following a strategic authorization granted by the U.S. Department of Energy to Argent LNG, highlighting the North African kingdom’s efforts to diversify its energy partnerships and strengthen the......

Dollar falls in global markets as US strikes on Iran are paused

The US dollar weakened against major currencies at the start of the week as investors responded positively to the temporary suspension of American air operations against Iran and a decline in oil prices. The dollar index, which measures the performance of the US currency against a basket of six major......

Oil prices plunge more than 5% as hopes for a US-Iran agreement return

Oil prices fell sharply in Asian trading on Monday, dropping by more than 5% as investors reacted positively to the absence of new US strikes against Iran and renewed hopes that diplomatic talks could help ease tensions between Washington and Tehran. After around 30 minutes of trading, Brent crude,......

Oil prices surge above $100 as Red Sea tensions threaten global supply routes

Global oil markets faced renewed pressure on Thursday as escalating tensions in the Red Sea pushed crude prices sharply higher, with Brent oil climbing above the $100 per barrel threshold for the first time since May. The surge reflects growing concerns over potential disruptions to global energy supplies......

Gulf and Red Sea tensions push oil prices to six-week high

Oil prices climbed to their highest level in more than six weeks as escalating tensions in the Gulf and the Red Sea raised concerns about potential disruptions to global energy supplies. By 9:35 a.m. Moscow time, September West Texas Intermediate (WTI) crude futures had risen 1.44% to $88.08 a barrel.......

IEA Releases 290 Million Barrels From Strategic Reserves To Stabilize Global Oil Markets

The International Energy Agency (IEA) has reported that its member countries have released approximately 290 million barrels of oil from strategic reserves as part of an emergency response aimed at easing pressure on global energy markets. The move comes amid heightened geopolitical uncertainty and......

IEA warns of tighter global oil supplies as Middle East tensions weigh on markets

The International Energy Agency (IEA) has warned that the global oil market is facing growing supply risks as escalating tensions in the Middle East put pressure on commercial inventories and threaten key energy routes. IEA Executive Director Fatih Birol said the agency was closely monitoring developments......