Market-moving news and intelligence across global energy markets.
OPEC+ approved a modest September oil output increase, completing the rollback of 2023 cuts, but regional conflict continues to constrain actual supply.
Ankara and Baghdad have signed a one-year agreement to keep crude flowing through the Kirkuk-Ceyhan Oil Pipeline, diversifying Iraq's export routes.
Oil prices are forecast to rise further in 2026 as Middle East supply disruptions persist, driven by Strait of Hormuz and Red Sea attacks.
OPEC+ considers freezing oil production quotas from October 2026 through January 2027, following a final September hike, as geopolitical disruptions limit
OPEC+ is set to halt oil production increases after September, as Middle East conflict and Strait of Hormuz disruptions overshadow nominal quota adjustment
Oil prices fell as Iran tensions eased, but a doubled 2026 supply deficit and constrained Hormuz flows suggest supply risks remain underpriced.
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
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