Opec+
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financeIran Oil Storage Nears Capacity, Tightens Global Supply
A US naval blockade has cut Iran's oil exports, pushing storage to capacity. A production cut may follow, driving WTI crude prices higher.
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financeUS Stocks Surge: S&P 500 and Nasdaq Notch Best Monthly Gains in Years
Strong corporate earnings offset war-related oil supply shock, driving major indices to historic monthly highs amid crude at four-year peaks.
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worldExxonMobil Output Drops 15% Amid Strait of Hormuz Closure
ExxonMobil reports 15% of output affected by Strait of Hormuz closure amid U.S.-Iran conflict, driving crude oil price expectations to $90 by June end.
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worldOil Prices Surge Amidst US-Iran War Deadlock and Supply Concerns
Oil prices climb as the US-Iran conflict intensifies, threatening global supply disruptions and extending market volatility.
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financeGeopolitical Tensions Drive Crude Oil Prices Higher, Benefiting Chinese Energy Giants
US-Iran conflict and market speculation are pushing crude oil prices up, positively impacting Sinopec and CNOOC earnings. Investors watch OPEC+ and geopolitical shifts.
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worldUAE Exits Opec, Signaling Major Shift in Global Oil Cartel
The United Arab Emirates has announced its departure from Opec and Opec+ after nearly six decades, impacting the cartel's capacity and market management.
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financeUS Holds Firm on Iran, Russia Oil; Supply Shock Risk Remains Low
Treasury Secretary Bessent signals no renewal of Iran/Russia oil waivers, with traders pricing in minimal supply shock risk despite ongoing sanctions.
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financeEmpty Tankers Head to U.S. as Middle East Oil Disruptions Linger
Empty oil tankers are rerouting to U.S. ports amidst ongoing Middle East supply disruptions, impacting crude oil prices and market speculation.