MOSCOW, June 30. /TASS/. Participants of the 9th OPEC International Seminar will address a broad range of issues related to the development of the global energy sector, including both short-and ...

Sara Vakhshouri, Founder and President of SVB Energy International says Trump's recent comments that China can buy Iranian ...

Iran's top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday, after parliament reportedly backed the measure in response to U.S. strikes on ...

Saudi Energy Minister Prince Abdulaziz bin Salman said Thursday that OPEC+ will base any future oil production decisions on ...

Oil prices reacted after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran.

A look at Brent oil prices (BRN00) three months before and after the start of each crisis, showed regional conflicts involving Israel often trigger a sharp increase in the cost of crude - even without ...

It's regime change - whether through sharp political shifts, coups, or revolution - in such large oil producers that can have a profound impact on the country's oil policy, production and global oil ...

Saudi Arabia has a history of shaking up the market by increasing production. The OPEC leader caused prices to fall below $10 per barrel in 1986 after boosting output to penalize other producers.

OPEC may soon lose its sway over global oil prices, IEA says By Anna Cooban, CNN ... (That’s) a major, major surplus and… might be one of the highest in the history,” Fatih Birol, ...

OPEC has a long history of distrust when it comes to members submitting their own data, whether production or capacity, according to Reuters. In June 2023, ...

OPEC bases its projection on stronger global economic growth for 2024, estimating it will rise by 2.8%, as compared to 2.6% for 2023. By contrast, the IEA projects global economic growth to be cut ...

The US is now history's largest oil producer, according to S&P Global Commodities Insight. Crude and condensate production hit a new global record this quarter. "When you look back on 2008 ...