35 stories tagged #OPEC

  1. US Military Strikes on Iran Trigger 4% Surge in Crude Oil Prices
    finance

    US Military Strikes on Iran Trigger 4% Surge in Crude Oil Prices

    Crude oil prices jumped 4% after US military strikes against Iran, raising fears of supply disruptions through the critical Strait of Hormuz.

    17h ago 1 min read
  2. Oil Giants' Profits Surge Amid US-Iran Tensions, Sparking Government Discontent
    finance

    Oil Giants' Profits Surge Amid US-Iran Tensions, Sparking Government Discontent

    Major oil companies are set for substantial Q2 profits as US-Iran tensions and Strait of Hormuz disruptions drive prices higher, prompting concern from governments.

    yesterday 1 min read
  3. UAE Oil Output Hits Record 4.1 Million Barrels Per Day After OPEC Exit
    finance

    UAE Oil Output Hits Record 4.1 Million Barrels Per Day After OPEC Exit

    The UAE pumped a record 4.1 million barrels per day in June, marking a dramatic increase since leaving the OPEC cartel.

    2d ago 1 min read
  4. Oil Prices Jump After U.S. Strikes on Iran Escalate Strait of Hormuz Tensions
    finance

    Oil Prices Jump After U.S. Strikes on Iran Escalate Strait of Hormuz Tensions

    U.S. and Brent crude oil futures climbed after American military action against Iranian targets, raising fears of disruption in the critical Strait of Hormuz.

    6d ago 1 min read
  5. Brent Crude Drops Below $71 as US-Iran Talks Show Progress
    finance

    Brent Crude Drops Below $71 as US-Iran Talks Show Progress

    Oil prices hit a multi-month low as diplomatic progress between Washington and Tehran reduces fears of supply disruption from the Persian Gulf.

    last wk. 1 min read
  6. Gulf Markets Rise on US-Iran Ceasefire, Strait of Hormuz Reopens
    finance

    Gulf Markets Rise on US-Iran Ceasefire, Strait of Hormuz Reopens

    Saudi and Dubai markets gain after a US-Iran ceasefire agreement reopens the critical Strait of Hormuz. Oil prices fall as geopolitical risk premiums ease.

    last wk. 1 min read
  7. Oil Prices Hit Pre-War Levels After U.S.-Iran Peace Deal
    finance

    Oil Prices Hit Pre-War Levels After U.S.-Iran Peace Deal

    Crude oil has fallen to $72 per barrel following a peace agreement between the U.S. and Iran, which reopened the strategic Strait of Hormuz.

    2w ago 1 min read
  8. Surge in Oil Supply Expected to Alleviate Market Tightness
    finance

    Surge in Oil Supply Expected to Alleviate Market Tightness

    An influx of oil supply may impact crude prices and market dynamics significantly.

    3w ago 1 min read