OPEC+ has decided to implement a small oil output increase for December while pausing further increases in early 2026, responding to fears of a looming supply glut and new sanctions on Russia. This strategic move aims to manage market stability amid fluctuating oil prices.
In a significant turn of events, Russian energy giant Lukoil announces its exit from international operations due to stringent U.S. sanctions, potentially leading to a 30% drop in revenues. The company seeks buyers for its foreign ventures amidst escalating tensions over the Ukraine conflict.
In a dramatic policy shift, President Trump imposes sanctions on Russia's top oil companies, causing a 5% spike in global oil prices. This move raises questions about the future of Russian oil imports, especially from India.
In a bold move, President Trump announces sweeping sanctions against Russia's top oil firms to pressure Moscow into ending the Ukraine war. Will this finally shift the tide of the conflict?
In a stunning reversal, India halts Russian oil imports under pressure from the US, marking a pivotal moment in global trade dynamics. This move threatens to unravel the BRICS alliance as India seeks new partnerships to replace Russian crude.
In a bold move, President Trump announces a new, shorter deadline for Putin to agree to a ceasefire in Ukraine, threatening heavy sanctions if Russia doesn't comply. What could this mean for global oil markets?
OPEC+ is set to ramp up oil production more quickly than anticipated, as the alliance led by Saudi Arabia responds to robust summer demand. This move aims to reclaim market share and unwind recent output cuts a year ahead of schedule.
As tensions escalate between Israel and Iran, fears rise over potential Iranian action to close the Strait of Hormuz, a critical oil passageway. The implications for global oil prices and the economy could be profound.
Tensions soar as the U.S. strikes Iranian nuclear sites, prompting fears of conflict in the Middle East. Could Iran retaliate by closing the vital Strait of Hormuz?
Investors are on edge as stocks decline and oil prices rise following U.S. strikes on Iranian nuclear sites. The potential for conflict escalation in the Middle East is raising concerns about global oil supply and market stability.
