Oil jumps over 2% on tighter market outlook; Brent posts 3% weekly gain; US tariffs, Russia sanctions in focus
Oil prices surged over 2% due to IEA’s report of a potentially tighter global market driven by strong summer demand. Concerns about new US tariffs ...
Oil market: Surprises with 548,000 bpd output hike in August; what analysts said
OPEC+ surprised markets by announcing a larger-than-expected oil production increase of 548,000 barrels per day for August, exceeding analysts’ predictions. This decision, driven by a ...
Israel-Iran conflict: Oil slides 6% after Iran’s ‘symbolic’ strikes
Oil Market Cools Down After Iran’s Retaliation: A Temporary Reprieve? The world held its breath over the weekend, bracing for a potential escalation of conflict ...
Supply squeeze: US oil output growth set to falter in 2025; S&P warns of sharp 2026 decline amid global glut
The United States anticipates a significant slowdown in crude oil production growth by 2025. A sharper decline is expected in 2026. S&P Global Commodity Insights ...
