OPEC+ Freezes October Oil Quotas Amid Hormuz Disruptions
OPEC+ maintains October oil production quotas at September levels, citing disruptions from the Iran war in the Strait of Hormuz and future supply uncertain
Market-moving news and intelligence across global energy markets.
OPEC+ maintains October oil production quotas at September levels, citing disruptions from the Iran war in the Strait of Hormuz and future supply uncertain
Saudi Arabia's crude exports plunged to a 2026 low in August amid escalating Houthi threats in the Red Sea, forcing a pivot back to Gulf terminals and stra
The US intensifies economic pressure on Iran with new sanctions targeting banks, as President Trump claims Kharg Island is under attack, raising oil market
Saudi Arabia announced its largest crude official selling price cut in over two decades for August, signaling increased supply and intense competition in k
Six months into the Iran war, OPEC+ struggles to influence oil markets as the conflict disrupts Middle East crude exports and China's demand cuts reshape g
Saudi Arabia cuts August Arab Light crude OSP to Asia by $11/barrel, the largest drop in over two decades, as Gulf supplies rebound and OPEC+ output rises.
Six months into the Iran war, nearly half of global oil supply originates from conflict zones, marking the largest disruption on record and reshaping energ
Morgan Stanley raises Brent crude price forecasts, citing a slower-than-expected Middle East supply recovery and persistent market deficit into early 2027.
Saudi Aramco has resumed crude oil loadings from the Strait of Hormuz, offering spot heavy crude cargoes to Asian refiners after weeks of halted sales.
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