Oil prices tumbled in early Asian trade on Tuesday after surging to their highest levels since 2022 a day earlier.…
Browsing: OPEC Announcements
Finance ministers from the Group of Seven (G7) countries reached a broad agreement on Monday to hold off the release…
JP Morgan has warned that Iran’s oil production could be slashed in half and oil exports could virtually stall if…
Record volumes of nearly 40 million barrels of sanctioned Iranian, Russian, and Venezuelan crude are idling in floating storage on…
Europe’s benchmark natural gas prices jumped by another 30% at market open on Monday, following a massive 67% weekly gain…
Saudi Aramco has begun reducing oil production at two of its fields as the disruption around the Strait of Hormuz…
The Middle East war and the resulting production halt at the world’s second-largest LNG exporter, Qatar, are erasing the projected…
Bahrain’s integrated energy firm Bapco Energies on Sunday declared force majeure on its group operation that have been affected by…
Saudi Arabia has intercepted and destroyed four drones headed toward its Shaybah oilfield as the war in the Middle East…
The finance ministers of the G7 will discuss the possibility of releasing oil from storage in response to the price…