OPEC
-
financeSurge in Oil Supply Expected to Alleviate Market Tightness
An influx of oil supply may impact crude prices and market dynamics significantly.
-
worldIraq Aims for 3M Barrels/Day Oil Production After US-Iran Strait Agreement
Iraq targets over 3 million barrels per day oil production following US-Iran deal to reopen Strait of Hormuz, potentially affecting global oil markets.
-
financeOil Prices Plunge to Pre-Conflict Lows Following Iran Ceasefire Agreement
Brent crude dropped below $80 per barrel after an Iran ceasefire deal eased geopolitical tensions and reduced risk premiums associated with Strait of Hormuz transit.
-
financeUS-Iran Strikes Trigger Oil Surge and Market Volatility
Military escalation between the US and Iran drives crude oil prices to new highs, disrupting global supply chains and sparking regional instability fears.
-
worldU.S. Oil Inventories Plunge to Lowest Since 2004 Amid Iran Tensions
U.S. crude stockpiles hit their lowest since 2004 due to exports and SPR releases, with Iran tensions adding volatility to oil markets.
-
worldOPEC Output Hits 30-Year Low Amid US Naval Blockade of Iran
OPEC crude output fell to 16.33 million barrels per day in May 2026, the lowest in decades, driven by US sanctions and a naval blockade on Iran.
-
financeU.S. Oil Stockpiles Hit Lowest Since 2004 Amid Middle East Tensions
U.S. crude inventories fell 10.6 million barrels last week to 1.57 billion, the lowest since 2004, as the government intervenes to curb surging prices from Middle East supply disruptions.
-
worldIranian Drone Strike Hits Kuwait Airport as Gulf Conflict Escalates
A drone strike on Kuwait International Airport on June 3, 2026, marks a major escalation in the US-Iran conflict, hitting civilian aviation infrastructure.