Market-moving news and intelligence across global energy markets.
OPEC+ extends 2.5 million bpd oil production cuts, responding to Middle East supply disruptions and geopolitical risks, pushing Brent crude above $100.
Global oil prices fell as OPEC and IEA lowered 2026 demand forecasts amid US-Iran talks deadlock and Strait of Hormuz disruptions, keeping supply risks ele
A Houthi drone strike on Saudi Aramco's Jazan refinery takes 400,000 bpd capacity offline, intensifying Red Sea shipping risks and regional tensions.
OPEC+ has completed its 2023 production cut reversal, yet Gulf oil exports remain 40% below pre-war levels, driven by persistent export route risks and rep
Abu Dhabi National Oil Co. (ADNOC) invested $1.3 billion to nearly double its VLCC fleet, signaling aggressive crude export growth after the UAE's OPEC dep
Global crude trade saw a significant redistribution in H1 2026, with Middle Eastern export declines offset by other regions, impacting tanker demand.
Saudi Aramco is exploring new export routes and expanding its East-West Pipeline as Houthi Red Sea blockades and Strait of Hormuz disruptions impact crude
OPEC+ nations will raise September oil output by 188,000 bpd, completing 2023 voluntary cuts, but regional conflicts and Strait of Hormuz disruptions limit
OPEC+ approved a modest September oil output increase, completing the rollback of 2023 cuts, but regional conflict continues to constrain actual supply.
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