Oil prices swing after Brent tops $90 on supply strains
Oil prices surged on July 29, pushing Brent crude above $90 a barrel as renewed Middle East fighting and tighter U.S. inventories lifted global benchmarks....
Tag : OPEC
Global markets face disruption amid $17.3 trillion oil shock warning
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital...
OPEC+ to raise oil output by 137000 barrels per day in November
Vienna, October 6, 2025: The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a production adjustment of 137,000 barrels per day (bpd),...
Oil prices fall as Brent sinks 3% on US crude build and OPEC+ decision
Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on...
Crude extends gains amid OPEC+ uncertainty and weaker U.S. dollar
Oil prices continued their upward trend, settling above $72 per barrel amid ongoing supply uncertainty and a weak dollar, which made dollar-denominated commodities more attractive to...
Kuwait crude sees $4.5 jump, settles at $75.40 per barrel
MENA Newswire News Desk: Kuwait crude oil prices saw a sharp increase of $4.5, reaching $75.40 per barrel on Wednesday, compared to $70.90 the previous...
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country's ambitious plan to invest $1.8 billion in offshore exploration for...
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country's ambitious plan to invest $1.8 billion in offshore exploration for...
Gold continues upward climb, scaling one-year high racing past $2,000 an ounce
Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which...
Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual...