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.
U.S. strikes on Iranian nuclear sites could escalate tensions in the Middle East, potentially disrupting oil exports and causing a spike in energy prices. However, history suggests any disruption may be short-lived.
In a surprising decision, OPEC+ has agreed to increase oil production for the third consecutive month, despite Russia's concerns. This move could drastically reshape the global oil market.
In a surprising move, eight OPEC+ countries have agreed to increase oil output by 411,000 barrels per day for June, following a similar rise in May. This decision, amid U.S.-China trade tensions and falling prices, has analysts speculating on future market impacts.
The trade of Venezuelan oil to China faces uncertainty after President Trump's new tariff threats. Traders are on hold, awaiting clarity, as the oil market is thrown into turmoil.
In a bold move, President Trump announces a 25% tariff on countries purchasing oil from Venezuela, effective April 2. This decision is linked to concerns over violent immigration from Venezuela, impacting global oil markets as prices surge.
Oil prices rose as President Trump warned Iran of dire consequences for Houthi attacks on shipping. With a new wave of U.S. airstrikes underway, the situation in the Middle East intensifies.
