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Keywords: OPEC+
The oil-producing alliance OPEC+ is reportedly discussing a potential increase in oil output, even as ongoing geopolitical tensions continue to disrupt global energy markets. Sources indicate that member countries may agree to raise production levels in principle. However, analysts suggest that any......
OPEC has maintained its global oil demand projections even as supply disruptions linked to the war involving Iran shake energy markets. The organization confirmed that Saudi Arabia led a significant increase in production in February, raising output by 250,000 barrels per day in what appears to have......
The surge in oil prices following US and Israeli strikes on Iran is creating fresh revenue opportunities for crude exporters far from the fighting. As Brent crude jumped as much as 13 percent to above 82 dollars a barrel after the attacks, countries such as Russia, Brazil, Mexico, Colombia, and Guyana......
Major Gulf producers increased oil exports ahead of U.S. and Israeli strikes on Iran, seeking to stabilize global markets in case of supply disruptions. Abu Dhabi National Oil Company (ADNOC) released additional volumes of Murban crude for April delivery, which lowered the grade’s spot premiums......
Saudi Arabia’s crude shipments to China are expected to climb to their highest level in years in March 2026 after the kingdom cut its official selling prices to Asia for a fourth straight month, prompting stronger demand from Chinese refiners, industry sources told Reuters. State energy giant......
China has emerged as the key force shaping global oil prices, overtaking OPEC+ by using large-scale crude imports and strategic stockpiling to stabilize and influence the market. As the world’s largest oil importer, Beijing now sets the effective boundaries for price fluctuations through inventory......
Oil prices dipped as fears of excess supply overshadowed geopolitical tensions, which have long shaped market sentiment. Despite ongoing uncertainties linked to the war in Ukraine, traders shifted their focus to the growing imbalance between global oil production and consumption. Benchmark Brent crude......
Oil prices have plummeted amid growing forecasts of a historic supply surplus extending into 2027, raising concerns among investors and analysts about prolonged market imbalance. Despite geopolitical uncertainties, the market is bracing for a significant glut driven by supply outpacing demand at an unprecedented......
The International Energy Agency (IEA) has raised its global oil supply growth forecasts, cautioning that the market may face increasing imbalances in the coming years. According to the agency's latest monthly report, global oil supply is projected to outpace demand by 4 million barrels per day (bpd)......