Middle East oil production plunges due to Iran war, OPEC data shows ⊖⊖
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30 hours ago
The Gulf Arab states have cut production because they are unable to export through the Strait of Hormuz due to the war.
44 days ago
U.S. crude oil set to top $70 a barrel when trading begins on fears of Iran supply disruption ⊖⊖
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It is unclear who is governing Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.
45 days ago
How the attack on Iran could impact the global oil market and economy ⊖⊖
The U.S.-Israeli attack raises the risk of major oil supply disruption. Iran is the fourth-largest OPEC producer and sits on the critical Strait of Hormuz.
66 days ago
Trump holds leverage over Iran thanks to low oil prices, Energy Secretary says ⊕
Iran is an OPEC member and produces more than 3 million barrels per day.
3 months ago
Oil trades sideways despite political turmoil in Venezuela ⊕
Oil prices inched up on Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments.
4 months ago
Venezuela’s OPEC plea unlikely to “obtain much” for support ⊕⊕
“I doubt that you can have a great deal of support in Venezuela from Saudi Arabia.”
Venezuela calls on OPEC to counter US threats ⊕
Maduro asks oil-producing bloc to help protect Venezuela's oil reserves from US 'aggression'.
5 months ago
Iraq pledges to end $4 billion gas imports from Iran by 2028 as it races to diversify beyond oil ⊖
Decades of mismanagement, underinvestment and corruption have strained the power grid of Iraq, which is OPEC's second-largest producer after Saudi Arabia.
9 months ago
The palace, the protests and the red carpet: How OPEC’s seminar played out ○
OPEC+ ministers, top energy firm CEOs and oil and gas analysts and traders gathered for the OPEC Seminar in Vienna this week. Here’s what you missed.
The three energy topics on everyone’s lips at the OPEC seminar ○
Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in Vienna.