Sunday 22 Dec

OPEC

Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg
2024/12/10

Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg

Saudi Arabia plans to add 1 million barrels per day to its oil production by September 2026, according to a statement from the eight countries...

Saudi Arabia deepens oil price cuts for Asian buyers
2024/12/09

Saudi Arabia deepens oil price cuts for Asian buyers

Saudi Arabia has significantly reduced its oil prices for Asian customers, exceeding market expectations. This move follows the OPEC+ decision to further delay planned production...

KSA, Russia, Iraq emphasize need for stable oil markets
2024/11/27

KSA, Russia, Iraq emphasize need for stable oil markets

Saudi Arabia, Russia, and Iraq, three key OPEC+ nations, convened in Baghdad to discuss energy markets ahead of the alliance's crucial end-of-year meeting.

Brent crude climbs above $71 as oil prices rise slightly
2024/11/18

Brent crude climbs above $71 as oil prices rise slightly

Oil prices edged higher on Monday, but geopolitical tensions and weakening demand continue to tug the market in opposite directions. While escalating tensions between Russia...

Weak China demand weighs on oil prices
2024/11/09

Weak China demand weighs on oil prices

Oil prices dipped this week as investors grappled with uncertainty following the U.S. presidential election. While China's recent stimulus measures failed to significantly boost market...

Oil prices plunge on demand concerns, Israeli threat
2024/10/15

Oil prices plunge on demand concerns, Israeli threat

Oil prices took a dramatic dive in early Asian trading on Tuesday, with Brent crude futures plummeting by $2.11 to $75.35 per barrel and US...

Brent Crude hits $73 as geopolitical tensions escalate
2024/09/30

Brent Crude hits $73 as geopolitical tensions escalate

Oil prices have surged amid heightened geopolitical tensions and uncertainty. Following Israel's assassination of Hezbollah leader Hassan Nasrallah, the market is closely watching Iran's retaliation....

Oil prices spike amid Middle East tensions
2024/09/24

Oil prices spike amid Middle East tensions

Oil prices surged following a dual impact: China's campaign to support economy and the Israeli strike on Hezbollah targets in Lebanon