OPEC Revises Global Oil Market to Surplus, Citing Higher US Production and Increased OPEC Supply The revision from a deficit to a surplus in the global oil market highlights the impact of increased production from both the US and OPEC. This shift underscores the dynamic interplay between supply... Economic information Economic recovery Petroleum Nov 12, 2025
Saudi Aramco Cuts October Crude Prices for Asia Amid OPEC+ Output Boost This event reflects a strategic pricing adjustment by a major oil producer to regain market share in a competitive environment. The price reduction is part of a broader context of increased production... Economic information Economic recovery Petroleum Sep 8, 2025
Iraqi PM Urges OPEC to Reassess Oil Export Quota Amid Revenue Shortfall The request highlights economic pressures and the need for revenue generation in a resource-rich, post-conflict nation. It underscores the tension between national economic interests and international... Economic information Economic recovery Petroleum Sep 6, 2025
Escalating Israel-Iran Conflict Drives Oil Prices Higher and Disrupts Global Markets Geopolitical tensions between Israel and Iran, involving energy infrastructure attacks and retaliatory strikes, exacerbate regional instability and trigger global economic uncertainty. Elections Petroleum Politics Aug 14, 2025
Escalating Israel-Iran Conflict Drives Oil Price Surge and Global Market Volatility The intensifying military confrontation between Israel and Iran represents a geopolitical escalation with profound economic repercussions. Targeted strikes on critical infrastructure, including energy... Elections Petroleum Politics Aug 7, 2025