OPEC+ Approves Modest Output Hike as Iran War Jolts Oil Markets
OPEC+ agreed on Sunday to raise oil output by a modest 206,000 barrels per day (bpd) in April, opting for a cautious supply increase even as the U.S.-Israeli war on…
Oil Could Pass $100 as Strait of Hormuz Traffic Halts
Higher oil and gas prices are certain as the closure of the Strait of Hormuz threatens to disrupt 15 percent of global oil supply and 20 percent of global LNG…
OPEC+ Weighs Shock Output Surge as Iran Conflict Rattles Oil Markets
OPEC+ is preparing to consider a significantly larger oil output increase at its meeting on Sunday, as escalating military conflict involving Iran threatens energy flows across the Middle East. According…
U.S. Crude Daily Average Production Falls in December as Bakken Leads Pullback
Average daily crude oil production in the United States eased in December to the lowest daily production rate in months, according to the latest EIA data. Total December production, however,…
