“The Western Hemisphere now produces more oil than the Middle East,” Yergin explained, posing new challenges for Opec and its allies in Opec+, which struggle to balance production cuts and ...

Countries like the UAE and Oman are developing local oil exchanges to push for more influence on global oil markets.

The Middle East is an artificial construct created by British and French diplomats after World War I, and the recent collapse ...

Oil prices edge higher; OPEC supply, tighter sanctions talk help ... Markets Remain Cautious Amid Middle East Tensions, Demand Concerns By Ewa Manthey - Oct 17, 2024 2 Crude oil is trading flat ...

VIENNA - The OPEC Fund for International Development (OPEC Fund) has approved close to $1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board ...

Crude prices have retreated about 16% since early July to trade near $74 a barrel in London, as traders shrug off conflict in the Middle East and focus ... vehicles. OPEC’s secretariat in ...

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They carved up the Middle East map with the stroke of a pen, and we have lived with the consequences ever since. The San Remo Conference in 1920 codified colonial interests out of the remains of ...