Market-moving news and intelligence across global energy markets.
OPEC+ agrees to raise output by 188,000 bpd from August as Strait of Hormuz exports recover, pushing oil prices to pre-war levels.
OPEC+ nations will add 188,000 bpd to August oil output targets, marking the fifth consecutive increase as Middle East tensions ease and crude prices decli
Global liquefied natural gas (LNG) output is set to jump in 2026, easing market constraints, dampening prices, and spurring demand from key Asian and Europ
Global oil markets are transitioning from a supply shock to a surplus, with IEA forecasting a significant glut by 2027, prompting OPEC to pause output hike
Citi analysts predict Brent crude could fall to $60 a barrel by year-end 2026, driven by an anticipated global oil market surplus and easing geopolitical t
Global oil prices remained largely stable as hopes for Middle East peace talks offset rising supply from Gulf producers and normalizing Strait of Hormuz fl
Global oil benchmarks Brent and WTI fall to four-month lows as US-Iran diplomatic talks reduce geopolitical risk and OPEC+ signals further supply increases
Global oil prices fell for a third consecutive day as crude flows through the Strait of Hormuz surged and US-Iran talks showed signs of progress.
Global crude oil prices fall to multi-month lows as US-Iran ceasefire reopens Strait of Hormuz, reducing geopolitical risk. OPEC+ increases supply.
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