The Organisation of Petroleum Exporting Countries and its allies (OPEC+) recorded a decline in crude oil output in May 2025, ...

With Iran's crude exports so far unaffected, the OPEC secretary-general said OPEC doesn't need to take any immediate action.

Analysts are doubtful that oil prices will jump further. Read more at straitstimes.com. Read more at straitstimes.com.

Smoke billowed above fuel tanks in Tehran and gas plants on Iran’s south coast on Sunday as energy became the latest front line in its conflict with Israel. Iran’s creaking energy sector, starved of ...

Israel’s surprise military strike on Iran has jolted oil markets and cast fresh attention on the recent production decisions ...

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days ...

Though OPEC may say its job is to keep prices stable, in fact the market swings up and down. When prices are up, Saudi Arabia ...

Why is Saudi Arabia pumping more oil into an already-full market? Riyadh looks fed up with propping up the oil price and ...

Major stock markets in the Gulf rose in early trade on Wednesday in line with Asian shares, on signs of progress in trade ...

U.S. shale is more vulnerable than in past price wars, needing $65+ WTI to stay profitable amid rising costs and geological ...

Saudi Arabia’s Oil Strategy Pivot Pressures Prices ... strategy aimed at enforcing OPEC+ discipline and expanding market share. This shift has major implications for oil prices, OPEC+ compliance ...

State oil firm Saudi Aramco will ship about 47 million barrels to China in July, a tally of allocations to Chinese refiners ...