OPEC+ to boost oil production 206,000 bpd as Iran conflict threatens supply
(Bloomberg) – OPEC+ agreed to resume oil production increases at a slightly accelerated pace, even as conflict sparked by U.S.–Israeli strikes on Iran heightens risks to global crude flows. …
Gulf Oil Producers Open the Taps as Iran Risk Premium Builds
As U.S.-Iran tensions climb and talk of a potential strike refuses to fade, the UAE and Saudi Arabia are already behaving as if an oil supply disruption is a matter…
Tankers Halt Near Hormuz After Attacks
Oil and gas tankers are increasingly avoiding the Strait of Hormuz, the shipping lane that links the oil-rich Persian Gulf to the open seas, after the US and Israel bombed…
Russia Shipped 80% of its 2025 Oil Exports to China and India
Russia’s oil exports were essentially flat in 2025 compared to a year earlier, with most supplies – a massive 80% — going to China and India, Russian Deputy Prime Minister…
Oil Prices Surge 3.7% as U.S.-Iran Standoff Triggers Higher 2026 Forecasts
Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff. Both crude oil benchmarks…
UAE Boosts Murban Crude Exports Ahead of Key OPEC+ Decision
Abu Dhabi’s national oil company, ADNOC, has offered additional barrels of Murban crude to its international minority partners in the onshore concession where the grade is being produced, sources with…
Croatia Ready to Supply Crude to Hungary and Slovakia
Croatia can ensure crude oil supplies to Hungary and Slovakia, which haven’t received Russian oil for a month following damage on the Druzhba oil pipeline, the Croatian Prime Minister, Andrej…
Why Is the Oil Price Rising Today?
Why is the oil price rising today? That’s the question Rigzone asked several analysts on Friday in separate exclusive interviews. “Crude is moving higher today on a combination of positioning…
U.S. Department of Justice Sides With Argentina in $18 Billion YPF Lawsuit
The U.S. Department of Justice is siding with Argentina in a legal case of $18 billion relating to the 2012 nationalization of Argentinian oil company YPF. In 2012, the Argentine…
India Plans 30% Slash in Thermal Coal Imports This Year
India seeks to slash imports of thermal coal used in its power sector by 30% this year as it wants to use more of its domestic coal supply, industry and…
