Market-moving news and intelligence across global energy markets.
OPEC 12 crude output increased in June 2026, driven by significant rises from UAE, Kuwait, Iraq, and Iran, despite global demand forecast reductions.
OPEC+ is set to increase September oil targets by 188,000 bpd, but actual production lags due to persistent Middle East export disruptions and geopolitical
OPEC+ members are expected to raise September oil output targets by 188,000 bpd, but actual production lags due to Middle East conflict and export disrupti
Gulf crude and condensate exports initially surged in early July, reaching pre-war levels, but renewed Strait of Hormuz hostilities quickly slowed shipment
Escalating US-Iran hostilities and attacks on Gulf shipping have pushed Brent crude near $90, intensifying concerns over Middle East oil supply disruptions
Brent crude surged past $90 a barrel as escalating US-Iran hostilities in the Middle East intensified, threatening critical oil shipments through the Strai
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
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