Market-moving news and intelligence across global energy markets.
Iraq is rapidly transforming Syria into a major oil export hub by trucking fuel oil, bypassing the Strait of Hormuz amid ongoing regional conflict.
OPEC lowers its 2026 oil demand growth forecast for the third consecutive month, citing weakening global consumption. OPEC+ output rose in June, yet Mideas
Goldman Sachs warns that renewed attacks in the Persian Gulf are jeopardizing oil export recovery, pushing Brent crude above $85 amid heightened geopolitic
Iran's Revolutionary Guard threatens to halt all Middle East energy exports as renewed US naval blockade and escalating Strait of Hormuz hostilities drive
Goldman Sachs projects over 45% of Gulf oil exports could bypass the Strait of Hormuz by end-2027, driven by new pipeline projects amid persistent geopolit
The UAE's crude production surged 80% in June after exiting OPEC, reaching near-record highs and creating an Asian supply surplus, impacting regional prici
The UAE reported an 80% surge in June crude production to OPEC, leveraging its recent exit and innovative Strait of Hormuz navigation amid regional tension
The UAE's crude production hit a record 4.1 million bpd in June, demonstrating its bold response to market disruption after exiting OPEC and navigating the
The United Arab Emirates boosted crude oil production to an all-time high in June, demonstrating its bold post-OPEC+ strategy amid regional disruptions.
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