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Why Saudi Arabia raised oil output before Israel’s attack on Iran
The Saudi Arabia-led producer group has surprised the oil market this year by fast-tracking the return of idled production even as crude prices fell. It has prompted speculation that the cartel was responding to White House pressure to boost output ahead of a confrontation with Iran.
The United States and its allies, in coordination with the IEA, last tapped emergency oil stocks in early 2022 after the ...
Tensions at the Strait of Hormuz risk 20M bpd in crude oil flow, fueling a sharp rally in oil futures and boosting market ...
Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium ...
OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to ...
Events in eastern Europe weren’t the only factor driving oil prices higher. OPEC+ agreed to hike production by 411,000 ...
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary ...
OPEC’s secretary-general projects a 24% rise in global oil demand by 2050 and warns of dire consequences from chronic ...
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