OPEC+ considers a bigger-than-planned oil output increase as Saudi Arabia and the UAE raise exports during fears of potential ...

Despite expectations that oversupply would weigh on the market, oil prices have risen this year on fears that a conflict between Iran and the U.S. would disrupt Middle East supply through the Strait ...

US-Iran conflict is the dominant issue, pricing in $10/bbl risk premium. Strait of Hormuz blockade could send Brent crude ...

Saudi Arabia and UAE have already raised exports, sources say; OPEC+ eight members were already scheduled to meet on Sunday.

Leon also cautioned that if the oil market does not see signs of de-escalation over the weekend, “risk premiums on oil prices could still drive Brent up by $10–$20 per barrel on Monday”. “A broader ...

Two sources said that OPEC+ could consider a bigger than planned 'output increase' on Sunday. Leading producers Saudi Arabia ...

However, expectations of a market surplus are likely to be the main price driver in the later part of the year, according to analysts. Estimates of the surplus range anywhere from 0.8 million to 3.5 ...

Almost a year ago, OPEC+ brushed aside warnings of a global supply surplus and chose to increase oil production. History ...

The Organisation of Petroleum Exporting Countries and its allies referred to as OPEC+ is likely to consider raising its oil output by 137,000 barrels per day ...

Having reshaped the company, Sultan Ahmed Al Jaber wants to expand internationally, particularly in natural gas, chemicals and renewables.

Southern Iraq's refining sector is expanding, creating a better supply of high-quality fuels and rising demand for crude feedstock.